Company Registration No. 12072932 (England and Wales)
NR Health & Fitness Club (Dereham) Ltd
Unaudited accounts
for the year ended 31 December 2022
NR Health & Fitness Club (Dereham) Ltd
Unaudited accounts
Contents
NR Health & Fitness Club (Dereham) Ltd
Company Information
for the year ended 31 December 2022
Directors
Nathan J Gostling
Nikkita J Gostling
Company Number
12072932 (England and Wales)
Registered Office
14 Chestnut Drive
Wymondham
NORFOLK
NR18 9SB
United Kingdom
Accountants
Arithmo Accountancy Ltd
Meadow Barn
Low Road
North Tuddenham, Dereham
NORFOLK
NR20 3AB
NR Health & Fitness Club (Dereham) Ltd
Statement of financial position
as at 31 December 2022
Intangible assets
12,107
16,950
Tangible assets
26,465
30,962
Cash at bank and in hand
113,971
123,505
Creditors: amounts falling due within one year
(91,320)
(89,013)
Net current assets
87,155
79,348
Total assets less current liabilities
125,727
127,260
Creditors: amounts falling due after more than one year
(4,406)
(7,380)
Provisions for liabilities
Deferred tax
(4,398)
(2,223)
Net assets
116,923
117,657
Called up share capital
100
100
Profit and loss account
116,823
117,557
Shareholders' funds
116,923
117,657
For the year ending 31 December 2022 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by
Nathan J Gostling
Director
Company Registration No. 12072932
NR Health & Fitness Club (Dereham) Ltd
Notes to the Accounts
for the year ended 31 December 2022
NR Health & Fitness Club (Dereham) Ltd is a private company, limited by shares, registered in England and Wales, registration number 12072932. The registered office is 14 Chestnut Drive, Wymondham, NORFOLK, NR18 9SB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20, 25 & 33% Straight Line
Fixtures & fittings
20% Straight line
Computer equipment
33% Straight line
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 accounts. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
NR Health & Fitness Club (Dereham) Ltd
Notes to the Accounts
for the year ended 31 December 2022
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2022
29,058
At 31 December 2022
16,951
At 31 December 2022
12,107
At 31 December 2021
16,950
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
37,537
16,576
864
54,977
Additions
8,665
-
170
8,835
At 31 December 2022
46,202
16,576
1,034
63,812
At 1 January 2022
18,138
5,224
653
24,015
Charge for the year
10,099
3,036
197
13,332
At 31 December 2022
28,237
8,260
850
37,347
At 31 December 2022
17,965
8,316
184
26,465
At 31 December 2021
19,399
11,352
211
30,962
NR Health & Fitness Club (Dereham) Ltd
Notes to the Accounts
for the year ended 31 December 2022
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
-
10,592
Amounts falling due within one year
Amounts due from group undertakings etc.
49,319
32,732
Accrued income and prepayments
1,241
1,062
Other debtors
12,082
10,410
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
1,295
Obligations under finance leases and hire purchase contracts
4,583
7,497
Trade creditors
6,757
26,810
Amounts owed to group undertakings and other participating interests
42,130
41,872
Taxes and social security
25,446
5,808
8
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
3,100
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Nathan J Gostling
5,347
-
-
5,347
NR Health & Fitness Club (Dereham) Ltd
Notes to the Accounts
for the year ended 31 December 2022
11
Transactions with related parties
The company continued to benefit from an intra-group loan from NR Health & Fitness Club Limited (10575390). At the end of the period the loan stood at £41,872 is repayable on demand and no interest is charged
During the accounting period the company continued to provide a loan to a member of the group, NR Health & Fitness Club (Watton) Limited (13045943) which stood at £15,179 at the end of the period. The loan is repayable on demand and no interest is charged.
During the accounting period the company continued to provide a loan to it's parent company, NR Health & Fitness Club (Holdings) Limited (12940916) which stood at £17,554 at the end of the period. The loan is repayable on demand and no interest is charged
The company is a wholly owned subsidiary of NR Health & Fitness Club (Holdings) Limited (12940916) whose registered address is 14 Chestnut Drive, Wymondham, NR18 9SB
13
Average number of employees
During the year the average number of employees was 9 (2021: 9).