Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31322022-06-01falseFitness facilities.26falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04892279 2022-06-01 2023-05-31 04892279 2021-06-01 2022-05-31 04892279 2023-05-31 04892279 2022-05-31 04892279 c:Director1 2022-06-01 2023-05-31 04892279 d:Buildings d:LongLeaseholdAssets 2022-06-01 2023-05-31 04892279 d:Buildings d:LongLeaseholdAssets 2023-05-31 04892279 d:Buildings d:LongLeaseholdAssets 2022-05-31 04892279 d:LandBuildings 2023-05-31 04892279 d:LandBuildings 2022-05-31 04892279 d:PlantMachinery 2022-06-01 2023-05-31 04892279 d:PlantMachinery 2023-05-31 04892279 d:PlantMachinery 2022-05-31 04892279 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04892279 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04892279 d:CurrentFinancialInstruments 2023-05-31 04892279 d:CurrentFinancialInstruments 2022-05-31 04892279 d:Non-currentFinancialInstruments 2023-05-31 04892279 d:Non-currentFinancialInstruments 2022-05-31 04892279 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04892279 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 04892279 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 04892279 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 04892279 d:ShareCapital 2023-05-31 04892279 d:ShareCapital 2022-05-31 04892279 d:SharePremium 2023-05-31 04892279 d:SharePremium 2022-05-31 04892279 d:CapitalRedemptionReserve 2023-05-31 04892279 d:CapitalRedemptionReserve 2022-05-31 04892279 d:RetainedEarningsAccumulatedLosses 2023-05-31 04892279 d:RetainedEarningsAccumulatedLosses 2022-05-31 04892279 c:FRS102 2022-06-01 2023-05-31 04892279 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 04892279 c:FullAccounts 2022-06-01 2023-05-31 04892279 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 04892279 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 04892279 d:AcceleratedTaxDepreciationDeferredTax 2022-05-31 04892279 2 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 04892279









EDEN FITNESS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
EDEN FITNESS LIMITED
REGISTERED NUMBER: 04892279

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
113,304
87,164

  
113,304
87,164

Current assets
  

Stocks
  
12,070
12,567

Debtors: amounts falling due within one year
 5 
61,147
105,192

Cash at bank and in hand
 6 
294,695
144,503

  
367,912
262,262

Creditors: amounts falling due within one year
 7 
(316,924)
(397,786)

Net current assets/(liabilities)
  
 
 
50,988
 
 
(135,524)

Total assets less current liabilities
  
164,292
(48,360)

Creditors: amounts falling due after more than one year
 8 
-
(90,002)

Provisions for liabilities
  

Deferred tax
 9 
(21,913)
(21,913)

  
 
 
(21,913)
 
 
(21,913)

Net assets/(liabilities)
  
142,379
(160,275)


Capital and reserves
  

Called up share capital 
  
7,500
7,500

Share premium account
  
40,000
40,000

Capital redemption reserve
  
1,300
1,300

Profit and loss account
  
93,579
(209,075)

  
142,379
(160,275)


Page 1

 
EDEN FITNESS LIMITED
REGISTERED NUMBER: 04892279
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
C S Bourne
Director

Date: 10 October 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
EDEN FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Eden Fitness Limited is a company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Radius House, 51 Clarendon Road, Watford, Hertfordshire, WD17 1HP. 
The principal activity of the company was the operation of fitness facilities.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

Page 3

 
EDEN FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
EDEN FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
EDEN FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
15 years
Plant and machinery
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
EDEN FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 32 (2022 - 26).

Page 7

 
EDEN FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 June 2022
77,892
166,123
244,015


Additions
-
41,851
41,851



At 31 May 2023

77,892
207,974
285,866



Depreciation


At 1 June 2022
43,294
113,556
156,850


Charge for the year on owned assets
3,460
12,252
15,712



At 31 May 2023

46,754
125,808
172,562



Net book value



At 31 May 2023
31,138
82,166
113,304



At 31 May 2022
34,598
52,566
87,164




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Long leasehold
31,138
34,598

31,138
34,598



5.


Debtors

2023
2022
£
£


Trade debtors
3,665
1,374

Other debtors
46,455
66,296

Prepayments and accrued income
11,027
37,522

61,147
105,192

Page 8

 
EDEN FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.Debtors (continued)



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
294,695
144,503

294,695
144,503



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
30,010

Trade creditors
120,153
91,628

Corporation tax
73,423
29,373

Other taxation and social security
90,797
226,774

Other creditors
30,901
18,501

Accruals and deferred income
1,650
1,500

316,924
397,786



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
90,002

-
90,002



9.


Deferred taxation

Page 9

 
EDEN FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
 
9.Deferred taxation (continued)




2023


£






At beginning of year
(21,913)



At end of year
(21,913)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(21,913)
(21,913)

(21,913)
(21,913)


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £9,135 (2022: £12,976).


11.


Related party transactions

At the balance sheet date the company owed £2,344 to (2022: was owed £19,914 by) companies under common directorship.
At the balance sheet date the company was owed £5,056 by the director (2022: company owed £3,021 to the director) .

 
Page 10