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Draft
AG Fitness Training South Limited
Registered Number:SC584299
For the year ended 31 December 2021
Scotland
Unaudited Financial Statements
2
Draft
For the year ended 31 December 2021
AG Fitness Training South Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
SC584299
As at 31 December 2021
AG Fitness Training South Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
8,059
12,140
2
8,059
12,140
Current assets
Trade and other receivables
285
2,869
3
6,961
Cash and cash equivalents
791
3,660
7,246
Trade and other payables: amounts falling due within one
year
(25,943)
(4,297)
4
(18,697)
(637)
Net current liabilities
Total assets less current liabilities
7,422
(6,557)
7,422
Net assets/liabilities
(6,557)
Capital and reserves
Called up share capital
1
1
Retained earnings
7,421
(6,558)
7,422
(6,557)
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
A I Graydon Director
These financial statements were approved and authorised for issue by the Board on 02 September 2022 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 December 2021
AG Fitness Training South Limited
Notes to the Financial Statements
Statutory Information
AG Fitness Training South Limited is a private limited company, limited by shares, domiciled in Scotland, registration
number SC584299.
Registered address:
Unit 5 West Industrial Estate
323 West Street
G5 8LG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
20% Straight line
Plant and Machinery
20% Reducing balance
Going concern
Going concern - The directors consider it appropriate to prepare the financial statements on the going concern basis
as they will continue to support the company and ensure it is able to meet its liabilities as they fall due.
2. Property, plant and equipment
Total
Plant and
Machinery
Land and
Buildings
£
£
£
Cost or
valuation
At 01 January 2021
23,428
7,330
16,098
At 31 December 2021
16,098
7,330
23,428
Provision for depreciation and impairment
At 01 January 2021
11,288
3,024
8,264
Charge for year
4,081
861
3,220
At 31 December 2021
15,369
3,885
11,484
At 31 December 2021
Net book value
4,614
3,445
8,059
At 31 December 2020
7,834
4,306
12,140
3. Trade and other receivables
2020
2021
£
£
Other debtors
2,869
285
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5
Draft
For the year ended 31 December 2021
AG Fitness Training South Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
1
-
Taxation and social security
2,976
-
Other creditors
1,320
25,943
4,297
25,943
5. Guarantees and other financial commitments
Lease commitments
At 31 December 2021 the company had annual commitments under non-cancellable operating leases as set out
below:
2020
£
2021
£
Operating leases which expire:
9,923
9,923
Within 1 year
26,459
16,536
Within 2 to 5 years
26,459
36,382
6. Average number of persons employed
During the year the average number of employees was 0
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