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REGISTERED NUMBER: SC436855 (Scotland)















Financial Statements for the Year Ended 30 November 2021

for

Reactive Training Ltd

Reactive Training Ltd (Registered number: SC436855)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 9

Reactive Training Ltd

Company Information
for the Year Ended 30 November 2021







DIRECTOR: Mr R Clarkson





REGISTERED OFFICE: 17 Springhill Farm Grove
Baillieston
Glasgow
G69 6GY





REGISTERED NUMBER: SC436855 (Scotland)





ACCOUNTANTS: Colin McNally B.A. Hon's; F.C.M.A
Parris and McNally Limited
6 Crofthead Road
Prestwick
Ayrshire
KA9 1HW

Reactive Training Ltd (Registered number: SC436855)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,915 29,762

CURRENT ASSETS
Debtors 5 1,395 633
Cash at bank and in hand 4,352 20,464
5,747 21,097
CREDITORS
Amounts falling due within one year 6 (10,002 ) (11,587 )
NET CURRENT (LIABILITIES)/ASSETS (4,255 ) 9,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,660

39,272

CREDITORS
Amounts falling due after more than one
year

7

(14,981

)

(18,550

)

PROVISIONS FOR LIABILITIES 10 (5,655 ) (5,655 )
NET ASSETS 24 15,067

CAPITAL AND RESERVES
Called up share capital 11 6 6
Retained earnings 12 18 15,061
SHAREHOLDERS' FUNDS 24 15,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Reactive Training Ltd (Registered number: SC436855)

Balance Sheet - continued
30 November 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 12 August 2022 and were signed by:





Mr R Clarkson - Director


Reactive Training Ltd (Registered number: SC436855)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

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

Turnover
Turnover represents gross invoiced sale of personal fitness services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Reactive Training Ltd (Registered number: SC436855)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2020 43,418 7,989 14,576 65,983
Additions 3,951 - 1,049 5,000
Disposals - - (1,199 ) (1,199 )
At 30 November 2021 47,369 7,989 14,426 69,784
DEPRECIATION
At 1 December 2020 19,958 5,583 10,680 36,221
Charge for year 6,853 602 1,992 9,447
Eliminated on disposal - - (799 ) (799 )
At 30 November 2021 26,811 6,185 11,873 44,869
NET BOOK VALUE
At 30 November 2021 20,558 1,804 2,553 24,915
At 30 November 2020 23,460 2,406 3,896 29,762

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 December 2020 3,620
Additions 1,049
Transfer to ownership (3,619 )
At 30 November 2021 1,050
DEPRECIATION
At 1 December 2020 2,413
Charge for year 346
Transfer to ownership (2,413 )
At 30 November 2021 346
NET BOOK VALUE
At 30 November 2021 704
At 30 November 2020 1,207

Reactive Training Ltd (Registered number: SC436855)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Other debtors - 558
Prepayments 1,395 75
1,395 633

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans and overdrafts (see note 8) 4,200 2,450
Hire purchase contracts 337 399
Trade creditors 2,021 4,103
Tax 3,307 2,023
Social security and other taxes (2 ) -
VAT - 1,834
Directors' loan accounts 2 526
Accruals and deferred income 137 252
10,002 11,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.21 30.11.20
£    £   
Bank loans (see note 8) 14,700 18,550
Hire purchase contracts 281 -
14,981 18,550

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,750

8. LOANS

An analysis of the maturity of loans is given below:

30.11.21 30.11.20
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,200 2,450

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,200 4,200

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,500 12,600

Amounts falling due in more than five years:

Reactive Training Ltd (Registered number: SC436855)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

8. LOANS - continued
30.11.21 30.11.20
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal - 1,750

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.21 30.11.20
£    £   
Hire purchase contracts 618 399

10. PROVISIONS FOR LIABILITIES
30.11.21 30.11.20
£    £   
Deferred tax 5,655 5,655

Deferred
tax
£   
Balance at 1 December 2020 5,655
Balance at 30 November 2021 5,655

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.21 30.11.20
value: £    £   
6 Ordinary £1 6 6

12. RESERVES
Retained
earnings
£   

At 1 December 2020 15,061
Profit for the year 9,627
Dividends (24,670 )
At 30 November 2021 18

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,670 were paid to the director .

As at 30th November 2021 the company owed Mr R Clarkson, Director £2 (2020 : £526). The loan is interest free and has no fixed date for repayment.

Reactive Training Ltd (Registered number: SC436855)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

14. ULTIMATE CONTROLLING PARTY

Reactive Training Ltd was under the ultimate control of Mr R Clarkson, (Director) for the whole of the year to 30th November 2021.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Reactive Training Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reactive Training Ltd for the year ended 30th November 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Reactive Training Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reactive Training Ltd. and state those matters that we have agreed to state to the director of Reactive Training Ltd. in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Reactive Training Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reactive Training Ltd. You consider that Reactive Training Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reactive Training Ltd.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Colin McNally B.A. Hon's; F.C.M.A
Parris and McNally Limited
6 Crofthead Road
Prestwick
Ayrshire
KA9 1HW


Date: .............................................