Silverfin false 31/03/2022 31/03/2022 01/04/2021 Mr S A Cook 05/09/2002 Mr P N Howe 01/04/2013 17 August 2022 The principal activity of the Company during the financial year was the letting of a commercial gym studio space. 04524873 2022-03-31 04524873 bus:Director1 2022-03-31 04524873 bus:Director2 2022-03-31 04524873 2021-03-31 04524873 core:CurrentFinancialInstruments 2022-03-31 04524873 core:CurrentFinancialInstruments 2021-03-31 04524873 core:Non-currentFinancialInstruments 2022-03-31 04524873 core:Non-currentFinancialInstruments 2021-03-31 04524873 core:ShareCapital 2022-03-31 04524873 core:ShareCapital 2021-03-31 04524873 core:RetainedEarningsAccumulatedLosses 2022-03-31 04524873 core:RetainedEarningsAccumulatedLosses 2021-03-31 04524873 core:OtherResidualIntangibleAssets 2021-03-31 04524873 core:OtherResidualIntangibleAssets 2022-03-31 04524873 core:LandBuildings 2021-03-31 04524873 core:FurnitureFittings 2021-03-31 04524873 core:ComputerEquipment 2021-03-31 04524873 core:LandBuildings 2022-03-31 04524873 core:FurnitureFittings 2022-03-31 04524873 core:ComputerEquipment 2022-03-31 04524873 core:CurrentFinancialInstruments core:Secured 2022-03-31 04524873 core:MoreThanFiveYears 2022-03-31 04524873 core:MoreThanFiveYears 2021-03-31 04524873 bus:OrdinaryShareClass1 2022-03-31 04524873 2021-04-01 2022-03-31 04524873 bus:FullAccounts 2021-04-01 2022-03-31 04524873 bus:SmallEntities 2021-04-01 2022-03-31 04524873 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 04524873 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 04524873 bus:Director1 2021-04-01 2022-03-31 04524873 bus:Director2 2021-04-01 2022-03-31 04524873 core:OtherResidualIntangibleAssets core:TopRangeValue 2021-04-01 2022-03-31 04524873 core:LandBuildings core:TopRangeValue 2021-04-01 2022-03-31 04524873 core:FurnitureFittings 2021-04-01 2022-03-31 04524873 core:ComputerEquipment 2021-04-01 2022-03-31 04524873 2020-04-01 2021-03-31 04524873 core:OtherResidualIntangibleAssets 2021-04-01 2022-03-31 04524873 core:LandBuildings 2021-04-01 2022-03-31 04524873 core:CurrentFinancialInstruments 2021-04-01 2022-03-31 04524873 core:Non-currentFinancialInstruments 2021-04-01 2022-03-31 04524873 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 04524873 bus:OrdinaryShareClass1 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04524873 (England and Wales)

ACTIVE 8 HEALTH & FITNESS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2022
Pages for filing with the registrar

ACTIVE 8 HEALTH & FITNESS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2022

Contents

ACTIVE 8 HEALTH & FITNESS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2022
ACTIVE 8 HEALTH & FITNESS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2022
DIRECTORS Mr S A Cook
Mr P N Howe
SECRETARY Mr P N Howe
REGISTERED OFFICE 2 St. Pauls Road
Clifton
Bristol
BS8 1LT
United Kingdom
COMPANY NUMBER 04524873 (England and Wales)
CHARTERED ACCOUNTANTS Bishop Fleming LLP
10 Temple Back
Bristol
BS1 6FL
ACTIVE 8 HEALTH & FITNESS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2022
ACTIVE 8 HEALTH & FITNESS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2022
Note 2022 2021
£ £
Fixed assets
Intangible assets 3 5,066 0
Tangible assets 4 251,300 258,734
256,366 258,734
Current assets
Debtors 5 5,718 2,572
Cash at bank and in hand 15,362 28,415
21,080 30,987
Creditors
Amounts falling due within one year 6 ( 75,779) ( 112,323)
Net current liabilities (54,699) (81,336)
Total assets less current liabilities 201,667 177,398
Creditors
Amounts falling due after more than one year 7 ( 156,164) ( 145,373)
Provisions for liabilities ( 2,028) 0
Net assets 43,475 32,025
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 43,375 31,925
Total shareholders' funds 43,475 32,025

For the financial year ending 31 March 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Active 8 Health & Fitness Limited (registered number: 04524873) were approved and authorised for issue by the Board of Directors on 17 August 2022. They were signed on its behalf by:

Mr P N Howe
Director
ACTIVE 8 HEALTH & FITNESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022
ACTIVE 8 HEALTH & FITNESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Active 8 Health & Fitness Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 St. Pauls Road, Clifton, Bristol, BS8 1LT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net assets of £43,475. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 4 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Fixtures and fittings 20 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 April 2021 0 0
Additions 6,235 6,235
At 31 March 2022 6,235 6,235
Accumulated amortisation
At 01 April 2021 0 0
Charge for the financial year 1,169 1,169
At 31 March 2022 1,169 1,169
Net book value
At 31 March 2022 5,066 5,066
At 31 March 2021 0 0

4. Tangible assets

Land and buildings Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 April 2021 295,027 28,017 2,483 325,527
At 31 March 2022 295,027 28,017 2,483 325,527
Accumulated depreciation
At 01 April 2021 43,960 20,350 2,483 66,793
Charge for the financial year 5,901 1,533 0 7,434
At 31 March 2022 49,861 21,883 2,483 74,227
Net book value
At 31 March 2022 245,166 6,134 0 251,300
At 31 March 2021 251,067 7,667 0 258,734

5. Debtors

2022 2021
£ £
Trade debtors 3,910 0
Prepayments and accrued income 1,660 2,572
Other debtors 148 0
5,718 2,572

6. Creditors: amounts falling due within one year

2022 2021
£ £
Bank loans (secured) 7,420 25,530
Trade creditors 780 143
Amounts owed to directors 62,017 67,517
Other creditors 0 11,352
Accruals 2,400 2,000
Corporation tax 3,162 5,781
75,779 112,323

Bank loans of £6,620 (2021: £6,366) due within one year are secured by a fixed and floating charge over the property owned by the company.

7. Creditors: amounts falling due after more than one year

2022 2021
£ £
Bank loans (secured) 156,164 145,373

Bank loans of £138,556 (2021: £145,373) due after more than one year are secured by a fixed and floating charge over the property owned by the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2022 2021
£ £
Bank loans (secured / repayable by instalments) 109,489 117,423

8. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

At the year end, directors of the company were owed £62,017 (2021: £67,517) by the company.

At the year end, companies under common control owed £148 to the company (2021: £11,352 owed by the company). No interest was charged on this balance.