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REGISTERED NUMBER: 08086100 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

TFB Gym Limited

TFB Gym Limited (Registered number: 08086100)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TFB Gym Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: Mrs K Graves





REGISTERED OFFICE: Unit 3 Cornwall Business Centre
Cornwall Road
South Wigston
Leicester
Leicestershire
LE18 4XH





REGISTERED NUMBER: 08086100 (England and Wales)





ACCOUNTANTS: RR Accountancy Ltd
Chartered Accountant
32 Leicester Street
Melton Mowbray
Leicestershire
LE13 0PP

TFB Gym Limited (Registered number: 08086100)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,319 24,479
15,319 24,479

CURRENT ASSETS
Stocks 106 759
Debtors 6 13,450 27,274
Cash at bank and in hand 467 357
14,023 28,390
CREDITORS
Amounts falling due within one year 7 51,638 38,101
NET CURRENT LIABILITIES (37,615 ) (9,711 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,296

)

14,768

CREDITORS
Amounts falling due after more than one
year

8

(31,967

)

(36,652

)

ACCRUALS AND DEFERRED INCOME (6,327 ) (4,354 )
NET LIABILITIES (60,590 ) (26,238 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (60,690 ) (26,338 )
(60,590 ) (26,238 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

TFB Gym Limited (Registered number: 08086100)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 13 August 2022 and were signed by:





Mrs K Graves - Director


TFB Gym Limited (Registered number: 08086100)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

TFB Gym Limited is a private company, limited by shares , registered in England and Wales. 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
The financial statements have been prepared on the going concern basis. The company has net liabilities
of £60,590 (2020 net liabilities £26,238) but net current liabilities of £37,615 (2020: £9,711). The directors of the company have confirmed their continuing support for the company and believe it will be able to meet its
liabilities as they fall due.

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 2012, 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.
Land and buildings - 10% on cost
Plant and machinery etc - 20% on cost and 5% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TFB Gym Limited (Registered number: 08086100)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 20,875
AMORTISATION
At 1 January 2021
and 31 December 2021 20,875
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 4,000 86,221 90,221
Disposals - (398 ) (398 )
At 31 December 2021 4,000 85,823 89,823
DEPRECIATION
At 1 January 2021 3,600 62,142 65,742
Charge for year 400 8,362 8,762
At 31 December 2021 4,000 70,504 74,504
NET BOOK VALUE
At 31 December 2021 - 15,319 15,319
At 31 December 2020 400 24,079 24,479

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors (12,407 ) -
Amounts owed by participating interests 12,407 11,963
Other debtors 13,450 15,311
13,450 27,274

TFB Gym Limited (Registered number: 08086100)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 16,822 11,597
Trade creditors 21,908 22,300
Taxation and social security 12,894 2,401
Other creditors 14 1,803
51,638 38,101

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 31,967 36,567
Other creditors - 85
31,967 36,652

9. OTHER FINANCIAL COMMITMENTS

The company is committed to paying rent of £9,450 per annum until June 2022.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

A balance of £10,199 was owed by a director and was the maximum amount outstanding. No interest was charged and the loan is repayable on demand.

11. RELATED PARTY

The company is owed £12,480 by a related party which is unlikely to be recovered. A provision of the full amount has been made at 31st December 2021.