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REGISTERED NUMBER: 07041376 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Wellbeing Fitness Limited

Wellbeing Fitness Limited (Registered number: 07041376)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wellbeing Fitness Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: I Ryves
I C Spiby





REGISTERED OFFICE: Unit 4 Lucas Bridge Business Park
Old Greens Norton Road
Towcester
Northamptonshire
NN12 8AX





REGISTERED NUMBER: 07041376 (England and Wales)





ACCOUNTANTS: Valhalla Private Client Services LLP
Valhalla House
30 Ashby Road
Tove Valley Business Park
Towcester
Northamptonshire
NN12 6PG

Wellbeing Fitness Limited (Registered number: 07041376)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,143 286,097

CURRENT ASSETS
Debtors 5 98,978 24,980
Cash at bank 22,733 58,025
121,711 83,005
CREDITORS
Amounts falling due within one year 6 93,666 158,372
NET CURRENT ASSETS/(LIABILITIES) 28,045 (75,367 )
TOTAL ASSETS LESS CURRENT LIABILITIES 89,188 210,730

CREDITORS
Amounts falling due after more than one year 7 (39,338 ) (118,940 )

PROVISIONS FOR LIABILITIES (4,913 ) (4,913 )
NET ASSETS 44,937 86,877

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 100 100
Retained earnings 44,737 86,677
44,937 86,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 25 September 2023 and were signed on its behalf by:





I Ryves - Director


Wellbeing Fitness Limited (Registered number: 07041376)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Wellbeing Fitness Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Going concern, brexit,covid19, war in ukraine, cost of living and economy
The director has reviewed the working capital requirements of the company for a period of not less than 12 months from the balance sheet date, with particular emphasis on the effects of Brexit, the Covid-19 Pandemic, the war in Ukraine, the Cost of living and the overall economy. All of these factors will have a significant impact on the operations of the company, with the enforced venue closures, staff shortages, increased cost of living impacting on the ability of customers to afford gym membership, and the increase in costs of goods and utilities, the combined effect of these factors will have a material impact on the profitability of the company. The director has confirmed that the company will utilise all available Covid-19 support and manage the cost of the repayments and resultant tax charges and the director will continue to support the business during these unprecedented times.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 10 ) .

Wellbeing Fitness Limited (Registered number: 07041376)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 260,019 53,778 313,797
Additions 3,310 1,158 4,468
Disposals (213,000 ) (1,790 ) (214,790 )
At 31 March 2023 50,329 53,146 103,475
DEPRECIATION
At 1 April 2022 14,551 13,149 27,700
Charge for year 6,880 8,511 15,391
Eliminated on disposal - (759 ) (759 )
At 31 March 2023 21,431 20,901 42,332
NET BOOK VALUE
At 31 March 2023 28,898 32,245 61,143
At 31 March 2022 245,468 40,629 286,097

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 98,978 24,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 23,747
Trade creditors 436 19,074
Taxation and social security 52,343 56,766
Other creditors 40,887 58,785
93,666 158,372

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 39,338 118,940

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 35,101

8. RELATED PARTY DISCLOSURES

At the year end there was an intercompany loan balance of £3,000 (2022: £3,000) owed to Wellbeing Fitness Education.