IRIS Accounts Production v22.1.4.3 SC549784 director 1.12.20 30.11.21 30.11.21 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5497842020-11-30SC5497842021-11-30SC5497842020-12-012021-11-30SC5497842019-11-30SC5497842019-12-012020-11-30SC5497842020-11-30SC549784ns16:Scotland2020-12-012021-11-30SC549784ns15:PoundSterling2020-12-012021-11-30SC549784ns11:Director12020-12-012021-11-30SC549784ns11:PrivateLimitedCompanyLtd2020-12-012021-11-30SC549784ns11:SmallEntities2020-12-012021-11-30SC549784ns11:AuditExemptWithAccountantsReport2020-12-012021-11-30SC549784ns11:SmallCompaniesRegimeForDirectorsReport2020-12-012021-11-30SC549784ns11:SmallCompaniesRegimeForAccounts2020-12-012021-11-30SC549784ns11:FullAccounts2020-12-012021-11-30SC54978412020-12-012021-11-30SC549784ns11:RegisteredOffice2020-12-012021-11-30SC549784ns6:CurrentFinancialInstruments2021-11-30SC549784ns6:CurrentFinancialInstruments2020-11-30SC549784ns6:Non-currentFinancialInstruments2021-11-30SC549784ns6:Non-currentFinancialInstruments2020-11-30SC549784ns6:ShareCapital2021-11-30SC549784ns6:ShareCapital2020-11-30SC549784ns6:RetainedEarningsAccumulatedLosses2021-11-30SC549784ns6:RetainedEarningsAccumulatedLosses2020-11-30SC549784ns6:IntangibleAssetsOtherThanGoodwill2020-12-012021-11-30SC549784ns6:PatentsTrademarksLicencesConcessionsSimilar2020-12-012021-11-30SC549784ns6:PlantMachinery2020-12-012021-11-30SC549784ns6:IntangibleAssetsOtherThanGoodwill2020-11-30SC549784ns6:IntangibleAssetsOtherThanGoodwill2021-11-30SC549784ns6:IntangibleAssetsOtherThanGoodwill2020-11-30SC549784ns6:PlantMachinery2020-11-30SC549784ns6:PlantMachinery2021-11-30SC549784ns6:PlantMachinery2020-11-30SC549784ns6:WithinOneYearns6:CurrentFinancialInstruments2021-11-30SC549784ns6:WithinOneYearns6:CurrentFinancialInstruments2020-11-30SC549784ns6:Secured2021-11-30SC549784ns6:Secured2020-11-30
REGISTERED NUMBER: SC549784 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

AF East Kilbride Ltd

AF East Kilbride Ltd (Registered number: SC549784)






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

Chartered Accountants' Report 8

AF East Kilbride Ltd

Company Information
for the Year Ended 30 November 2021







DIRECTOR: D P Rooney





REGISTERED OFFICE: 29 Brandon Street
Hamilton
ML3 6DA





BUSINESS ADDRESS: Playsport
Stewartfield Way
East Kilbride
Glasgow
G74 4GT





REGISTERED NUMBER: SC549784 (Scotland)





ACCOUNTANTS: Sharles CA
29 Brandon Street
Hamilton
ML3 6DA

AF East Kilbride Ltd (Registered number: SC549784)

Balance Sheet
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 13,650 16,250
Tangible assets 6 201,960 241,640
215,610 257,890

CURRENT ASSETS
Stocks 3,055 5,055
Debtors 7 159,886 152,856
Cash at bank and in hand 151,021 91,863
313,962 249,774
CREDITORS
Amounts falling due within one year 8 926,686 803,882
NET CURRENT LIABILITIES (612,724 ) (554,108 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(397,114

)

(296,218

)

CREDITORS
Amounts falling due after more than one year 9 277,571 315,390
NET LIABILITIES (674,685 ) (611,608 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (674,686 ) (611,609 )
SHAREHOLDERS' FUNDS (674,685 ) (611,608 )

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.

AF East Kilbride Ltd (Registered number: SC549784)

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 15 August 2022 and were signed by:





D P Rooney - Director


AF East Kilbride Ltd (Registered number: SC549784)

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

1. STATUTORY INFORMATION

AF East Kilbride 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis as the director has undertaken to continue supporting the company through his directors loan account until the company has sufficient funds to allow this to be repaid.

Turnover
Turnover is derived from gym operations and includes membership fees, joining fees, trainer fees, product sales and vending commission income.

Turnover is measured at the fair value of these services and products supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 20% on cost and 10% on reducing balance

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

AF East Kilbride Ltd (Registered number: SC549784)

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

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to the income statement as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amounts of stocks recognised as an expense in the period in which the reversal occurs.

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 and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement on a straight line basis.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

AF East Kilbride Ltd (Registered number: SC549784)

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2020
and 30 November 2021 26,000
AMORTISATION
At 1 December 2020 9,750
Charge for year 2,600
At 30 November 2021 12,350
NET BOOK VALUE
At 30 November 2021 13,650
At 30 November 2020 16,250

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020
and 30 November 2021 414,136
DEPRECIATION
At 1 December 2020 172,496
Charge for year 39,680
At 30 November 2021 212,176
NET BOOK VALUE
At 30 November 2021 201,960
At 30 November 2020 241,640

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 117 -
Other debtors 159,769 152,856
159,886 152,856

AF East Kilbride Ltd (Registered number: SC549784)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 78,186 59,610
Trade creditors 224,931 160,196
Taxation and social security 9,447 8,444
Other creditors 614,122 575,632
926,686 803,882

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 277,571 315,390

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 50,173

10. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 355,757 375,000

The bank loan is secured by a floating charge over all the assets and undertakings of the company.

The bounce back loan is supported by a 100% guarantee from the UK Government.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company operates a loan account with the director, D P Rooney.

During the year, the director advanced loans totalling £5,323 to the company. At the year end, the balance due to the director was £518,909 (2020 - £513,586). This loan is unsecured, interest free and has no fixed repayment terms.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D P Rooney by virtue of his 100% shareholding in the parent company, DPR Create Limited.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
AF East Kilbride 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 AF East Kilbride Ltd for the year ended 30 November 2021 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of AF East Kilbride Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AF East Kilbride Ltd and state those matters that we have agreed to state to the director of AF East Kilbride Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. 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 AF East Kilbride 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 loss of AF East Kilbride Ltd. You consider that AF East Kilbride 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 AF East Kilbride 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.






Sharles CA
29 Brandon Street
Hamilton
ML3 6DA


15 August 2022