Registration number:
Abbreviated Accounts
for the
Year Ended
787878787
Gambaru Fitness Limited
Registration number: 5716630
Abbreviated Balance Sheet at 31 January 2015
Note |
2015 |
2014 |
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£ |
£ |
£ |
£ |
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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( |
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Net current liabilities |
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( |
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( |
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Total assets less current liabilities |
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( |
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Creditors: Amounts falling due after more than one year |
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( |
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- |
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Provisions for liabilities |
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( |
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( |
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Net liabilities |
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( |
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( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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( |
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Shareholders' deficit |
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( |
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( |
Approved by the Board on
Mr J G Walker
Director
The notes on pages 2 to 3 form an integral part of these financial statements.
787878787
Gambaru Fitness Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. The directors have indicated that they will continue to support the company. Therefore the directors consider it appropriate to adopt a going concern basis in preparing these financial statements.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Fixtures and fittings |
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Office equipment |
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Stock
Deferred tax
The notes on pages 2 to 3 form an integral part of these financial statements.
787878787
Gambaru Fitness Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 February 2014 |
100,000 |
255,831 |
355,831 |
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Additions |
- |
48,251 |
48,251 |
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At 31 January 2015 |
100,000 |
304,082 |
404,082 |
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Amortisation |
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At 1 February 2014 |
50,556 |
153,877 |
204,433 |
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Charge for the year |
6,667 |
13,151 |
19,818 |
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At 31 January 2015 |
57,223 |
167,028 |
224,251 |
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Net book value |
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At 31 January 2015 |
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At 31 January 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
51,693 |
47,644 |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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The notes on pages 2 to 3 form an integral part of these financial statements.