Company Registration No. 10880486 (England and Wales)
JJK FITNESS LTD
Unaudited accounts
for the year ended 31 December 2022
JJK FITNESS LTD
Unaudited accounts
Contents
JJK FITNESS LTD
Company Information
for the year ended 31 December 2022
Company Number
10880486 (England and Wales)
Registered Office
41 Rockliffe Avenue
Kings Langley
Hertfordshire
WD4 8DS
JJK FITNESS LTD
Statement of financial position
as at 31 December 2022
Tangible assets
84,187
62,944
Creditors: amounts falling due within one year
(131,685)
(141,309)
Net current liabilities
(48,267)
(47,111)
Total assets less current liabilities
35,920
15,833
Creditors: amounts falling due after more than one year
(35,648)
(41,203)
Net assets/(liabilities)
272
(25,370)
Called up share capital
100
100
Profit and loss account
172
(25,470)
Shareholders' funds
272
(25,370)
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 director acknowledges his 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 and authorised for issue on 26 September 2022 and were signed on its behalf by
Mr J J Kelly
Director
Company Registration No. 10880486
JJK FITNESS LTD
Notes to the Accounts
for the year ended 31 December 2022
JJK FITNESS LTD is a private company, limited by shares, registered in England and Wales, registration number 10880486. The registered office is 41 Rockliffe Avenue, Kings Langley, Hertfordshire, WD4 8DS.
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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.
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:
Land & buildings
20% Straight Line
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
The company's balance sheet shows an insolvent position at the balance sheet date. The director has arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment, and accordingly considers that the company is a going concern and the financial statements have been prepared on this basis.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
31,762
102,548
41,868
176,178
Additions
58,321
2,000
1,880
62,201
Disposals
-
(2,764)
-
(2,764)
At 31 December 2022
90,083
101,784
43,748
235,615
At 1 January 2022
7,675
84,457
21,102
113,234
Charge for the year
18,017
13,170
9,771
40,958
On disposals
-
(2,764)
-
(2,764)
At 31 December 2022
25,692
94,863
30,873
151,428
At 31 December 2022
64,391
6,921
12,875
84,187
At 31 December 2021
24,087
18,091
20,766
62,944
JJK FITNESS LTD
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Other debtors
73,743
94,198
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
17,740
11,730
Trade creditors
19,551
9,264
Taxes and social security
923
875
Other creditors
2,331
67,141
Loans from directors
46,762
41,363
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Creditors: amounts falling due after more than one year
2022
2021
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Operating lease commitments
2022
2021
At 31 December 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
42,396
42,396
Later than one year and not later than five years
133,056
155,452
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Transactions with related parties
At the balance sheet date, JJK Fuel Ltd owed the company £71,517.00 (2021: £91,471).
At the balance sheet date, JJK Fitness Retreats Ltd owed the company £1,666 (2021: £2,726).
The director J J Kelly is a director of both companies. The loans are interest-free and repayable on demand.
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Average number of employees
During the year the average number of employees was 2 (2021: 2).