IRIS Accounts Production v23.2.0.158 12752285 Board of Directors 1.8.21 31.7.22 31.7.22 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh127522852021-07-31127522852022-07-31127522852021-08-012022-07-31127522852020-07-18127522852020-07-192021-07-31127522852021-07-3112752285ns10:Originalns15:EnglandWales2021-08-012022-07-3112752285ns14:PoundSterlingns10:Original2021-08-012022-07-3112752285ns10:Originalns10:Director12021-08-012022-07-3112752285ns10:Original2021-08-012022-07-3112752285ns10:Original2022-07-3112752285ns10:Originalns10:PrivateLimitedCompanyLtd2021-08-012022-07-3112752285ns10:Originalns10:SmallEntities2021-08-012022-07-3112752285ns10:Originalns10:AuditExempt-NoAccountantsReport2021-08-012022-07-3112752285ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2021-08-012022-07-3112752285ns10:SmallCompaniesRegimeForAccountsns10:Original2021-08-012022-07-3112752285ns10:Originalns10:FullAccounts2021-08-012022-07-3112752285ns10:Original2020-07-192021-07-3112752285ns10:Original12021-08-012022-07-3112752285ns10:Originalns10:Director22021-08-012022-07-3112752285ns10:Originalns10:RegisteredOffice2021-08-012022-07-3112752285ns10:Original2021-07-3112752285ns10:Originalns5:CurrentFinancialInstruments2022-07-3112752285ns10:Originalns5:CurrentFinancialInstruments2021-07-3112752285ns5:ShareCapitalns10:Original2022-07-3112752285ns5:ShareCapitalns10:Original2021-07-3112752285ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3112752285ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-07-3112752285ns5:IntangibleAssetsOtherThanGoodwillns10:Original2021-08-012022-07-3112752285ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2021-08-012022-07-3112752285ns10:Originalns5:ComputerEquipment2021-08-012022-07-3112752285ns5:IntangibleAssetsOtherThanGoodwillns10:Original2021-07-3112752285ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-07-3112752285ns5:IntangibleAssetsOtherThanGoodwillns10:Original2021-07-3112752285ns10:Originalns5:ComputerEquipment2021-07-3112752285ns10:Originalns5:ComputerEquipment2022-07-3112752285ns10:Originalns5:ComputerEquipment2021-07-3112752285ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3112752285ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-07-31
REGISTERED NUMBER: 12752285 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

FOR

GLOBAL FITNESS GROUP LTD

GLOBAL FITNESS GROUP LTD (REGISTERED NUMBER: 12752285)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GLOBAL FITNESS GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2022







DIRECTORS: Mr D Zenios
Mr D M Rogers





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 12752285 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

GLOBAL FITNESS GROUP LTD (REGISTERED NUMBER: 12752285)

STATEMENT OF FINANCIAL POSITION
31 JULY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,106 2,370
Tangible assets 5 12,381 24,758
14,487 27,128

CURRENT ASSETS
Debtors 6 64 351
Cash at bank and in hand 1,539 462
1,603 813
CREDITORS
Amounts falling due within one year 7 148,836 130,074
NET CURRENT LIABILITIES (147,233 ) (129,261 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(132,746

)

(102,133

)

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (132,946 ) (102,333 )
(132,746 ) (102,133 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





Mr D Zenios - Director


GLOBAL FITNESS GROUP LTD (REGISTERED NUMBER: 12752285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

1. STATUTORY INFORMATION

Global Fitness Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Trademark 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.
Computer equipment - 33.33% on cost

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

GLOBAL FITNESS GROUP LTD (REGISTERED NUMBER: 12752285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2021
and 31 July 2022 2,633
AMORTISATION
At 1 August 2021 263
Charge for year 264
At 31 July 2022 527
NET BOOK VALUE
At 31 July 2022 2,106
At 31 July 2021 2,370

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2021
and 31 July 2022 37,135
DEPRECIATION
At 1 August 2021 12,377
Charge for year 12,377
At 31 July 2022 24,754
NET BOOK VALUE
At 31 July 2022 12,381
At 31 July 2021 24,758

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 64 351

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 217 199
Other creditors 148,619 129,875
148,836 130,074

GLOBAL FITNESS GROUP LTD (REGISTERED NUMBER: 12752285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022

8. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £28,864 (2021:£27,000) due to the director, Mr D M Rogers.

Also included in creditors, amounts falling due within one year, is an interest free amount of £117,888 (2021:£101,460) owed to the shareholders of the company.

9. ULTIMATE CONTROLLING PARTY

During the period under review, the company was not under the control of any one individual.