Cradle Health and Fitness Limited Filleted Accounts Cover
Cradle Health and Fitness Limited
Company No. 10472577
Information for Filing with The Registrar
30 November 2021
Cradle Health and Fitness Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 30 November 2021.
Principal activities
The principal activity of the company during the year under review was fitness facilities.
Director
The Director who served at any time during the year was as follows:
C.A. Murkins
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
C.A. Murkins
Director
09 August 2022
Cradle Health and Fitness Limited Balance Sheet Registrar
at
30 November 2021
Company No.
10472577
Notes
2021
2020
£
£
Fixed assets
Intangible assets
4
2,5845,167
Tangible assets
5
28794
2,6125,961
Current assets
Debtors
6
4,0617,917
Cash at bank and in hand
3,8912,820
7,95210,737
Creditors: Amount falling due within one year
7
(6,444)
(8,192)
Net current assets
1,5082,545
Total assets less current liabilities
4,1208,506
Creditors: Amounts falling due after more than one year
8
(46,116)
(53,166)
Provisions for liabilities
Deferred taxation
9
(5)
(151)
Net liabilities
(42,001)
(44,811)
Capital and reserves
Called up share capital
100100
Profit and loss account
10
(42,101)
(44,911)
Total equity
(42,001)
(44,811)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 09 August 2022
And signed on its behalf by:
C.A. Murkins
Director
09 August 2022
Cradle Health and Fitness Limited Notes to the Accounts Registrar
for the year ended 30 November 2021
1
General information
Its registered number is: 10472577
Its registered office is:
Larch House Waterside Meadow
Cattle Lane
Aberford
West Yorkshire
LS25 3BH
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
Going concern
There is a net deficiency of assets of £42,001 (2021 - £44,811) at the balance sheet date, however, the director has confirmed continued support and considers the company retains sufficient working capital to continue trading. This support will be reviewed 12 months from the date of these financial statements.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount 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.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Straight Line
Computer Equipment- 33.33%
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2021
2020
Number
Number
The average monthly number of employees (including directors) during the year was:
54
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 December 2020
12,91712,917
At 30 November 2021
12,91712,917
Amortisation and impairment
At 1 December 2020
7,7507,750
Charge for the year
2,5832,583
At 30 November 2021
10,33310,333
Net book values
At 30 November 2021
2,5842,584
At 30 November 2020
5,1675,167
Franchise Fee - amortisation charged over useful life of 5 years
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 December 2020
9,0679,067
At 30 November 2021
9,0679,067
Depreciation
At 1 December 2020
8,2738,273
Charge for the year
766766
At 30 November 2021
9,0399,039
Net book values
At 30 November 2021
2828
At 30 November 2020
794794
6
Debtors
2021
2020
£
£
Other debtors
2,8594,549
Prepayments and accrued income
1,2023,368
4,0617,917
7
Creditors:
amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
3,0351,710
Trade creditors
484634
Other taxes and social security
7183,889
Loans from directors
68256
Other creditors
8952
Accruals and deferred income
2,0501,651
6,4448,192
8
Creditors:
amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
11,00014,000
Other loans
35,11639,166
46,11653,166
9
Provisions for liabilities
Deferred taxation
Accelerated Capital Allowances, Losses and Other Timing Differences
Total
£
£
At 1 December 2020
151
151
Charge to the profit and loss account for the period
(146)
(146)
At 30 November 2021
5
5
2021
2020
£
£
Accelerated capital allowances
5151
5151
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Commitments
Capital commitments
2021
2020
£
£
Other financial commitments
2021
2020
£
£
Pension commitments
Smart Pension
2021
2020
£
£
Unpaid contributions due to the fund are included in other creditors and amounted to:
8952
12
Related party disclosures
2021
2020
Transactions with related parties
£
£
Name of related party
Mirage Watercoolers Ltd
Description of relationship between the parties
Company owned by C Murkin
Description of transaction and general amounts involved
Loan
Amount due from/(to) the related party
(17,450)
(17,450)
Name of related party
Ellannah Health and Fitness Ltd
Description of relationship between the parties
Company owned by C Murkin
Description of transaction and general amounts involved
Loan
Amount due from/(to) the related party
2,8594,549
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