REGISTERED NUMBER: SC281829 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Aberdeen Pilates Studio Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K L Bowie

SECRETARY:

Clp Secretaries Limited

REGISTERED OFFICE:

Commercial House

2 Rubislaw Terrace

Aberdeen

AB10 1XE

REGISTERED NUMBER:

SC281829 (Scotland)

ACCOUNTANTS:

Anne McLennan

Landfall

Findon

Portlethen

Aberdeenshire

AB12 3RL

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

8,883

6,746

8,883

6,746

CURRENT ASSETS

Debtors

5

2,454

2,271

Cash at bank

16,351

10,318

18,805

12,589

CREDITORS

Amounts falling due within one year

6

7,966

7,792

NET CURRENT ASSETS

10,839

4,797

TOTAL ASSETS LESS CURRENT LIABILITIES

19,722

11,543

PROVISIONS FOR LIABILITIES

1,593

1,208

NET ASSETS

18,129

10,335

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

18,128

10,334

SHAREHOLDERS' FUNDS

18,129

10,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 December 2017 and were signed by:

Mrs K L Bowie - Director

1.	STATUTORY INFORMATION

Aberdeen Pilates Studio Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard (FRS 102) Section 1A

These financial statements for the year ended 31 March 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with old UK GAAP. The

date of transition to FRS 102 Section 1A is 1 April 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

7,358

AMORTISATION

At 1 April 2016

and 31 March 2017

7,358

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

23,401

Additions

4,614

At 31 March 2017

28,015

DEPRECIATION

At 1 April 2016

16,655

Charge for year

2,477

At 31 March 2017

19,132

NET BOOK VALUE

At 31 March 2017

8,883

At 31 March 2016

6,746

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

2,454

2,271

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

6,566

6,419

Other creditors

1,400

1,373

7,966

7,792

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 April 2016

10,334

Profit for the year

27,794

Dividends

(20,000

)

At 31 March 2017

18,128

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K L Bowie.

The ultimate controlling party is Mrs K L Bowie.

10.	FIRST YEAR ADOPTION

The reported financial position and the financial performance for the previous year are not affected by the

transition to FRS 102 Section 1A.