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REGISTERED NUMBER: 09418602 (England and Wales)











A1 FITNESS LONDON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






A1 FITNESS LONDON LTD (REGISTERED NUMBER: 09418602)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


A1 FITNESS LONDON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTOR: S Alexander





REGISTERED OFFICE: Flat 2, Bonsor House
212-214 Merton Road
London
SW19 1EQ





REGISTERED NUMBER: 09418602 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

A1 FITNESS LONDON LTD (REGISTERED NUMBER: 09418602)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 15,000
Tangible assets 5 178,188 180,782
193,188 195,782

CURRENT ASSETS
Stocks 500 250
Debtors 6 468,845 468,845
Cash at bank and in hand 96,938 69,354
566,283 538,449
CREDITORS
Amounts falling due within one year 7 202,953 268,271
NET CURRENT ASSETS 363,330 270,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,518

465,960

CREDITORS
Amounts falling due after more than one
year

8

(82,267

)

(100,800

)

PROVISIONS FOR LIABILITIES 10 (23,865 ) (23,570 )
NET ASSETS 450,386 341,590

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 450,286 341,490
SHAREHOLDERS' FUNDS 450,386 341,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A1 FITNESS LONDON LTD (REGISTERED NUMBER: 09418602)

BALANCE SHEET - continued
28TH FEBRUARY 2023


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 director and authorised for issue on 29th September 2023 and were signed by:





S Alexander - Director


A1 FITNESS LONDON LTD (REGISTERED NUMBER: 09418602)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

A1 Fitness London 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 accounts have been prepared on the going concern basis based on the continuing support of the director which is not expected to be withdrawn.

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.

Patents and licences 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.
Improvements to property - Straight line over 15 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Government grants
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

A1 FITNESS LONDON LTD (REGISTERED NUMBER: 09418602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st March 2022
and 28th February 2023 25,000
AMORTISATION
At 1st March 2022
and 28th February 2023 10,000
NET BOOK VALUE
At 28th February 2023 15,000
At 28th February 2022 15,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st March 2022 191,809 25,313 79,049 38,665 334,836
Additions 9,665 11,516 - - 21,181
Disposals - (600 ) - - (600 )
At 28th February 2023 201,474 36,229 79,049 38,665 355,417
DEPRECIATION
At 1st March 2022 65,024 12,452 44,355 32,223 154,054
Charge for year 13,439 3,566 5,204 966 23,175
At 28th February 2023 78,463 16,018 49,559 33,189 177,229
NET BOOK VALUE
At 28th February 2023 123,011 20,211 29,490 5,476 178,188
At 28th February 2022 126,785 12,861 34,694 6,442 180,782

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 468,845 468,845

A1 FITNESS LONDON LTD (REGISTERED NUMBER: 09418602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,200 90,466
Trade creditors - 2,981
Taxation and social security 66,308 68,438
Other creditors 111,445 106,386
202,953 268,271

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 82,267 100,800

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 61,068 61,068
Between one and five years 244,272 244,272
In more than five years 223,916 284,984
529,256 590,324

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 23,865 23,570

Deferred
tax
£   
Balance at 1st March 2022 23,570
Provided during year 295
Balance at 28th February 2023 23,865

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

A1 FITNESS LONDON LTD (REGISTERED NUMBER: 09418602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


12. RELATED PARTY DISCLOSURES

The director has provided a personal guarantee to the company as security for the outstanding bank loan of £140,800 included within bank loans in notes 9 and 10. The bank loan is secured by a fixed and floating charge over the company's assets.