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REGISTERED NUMBER: 13237237 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

FITNESS SUPPORT SERVICES LTD

FITNESS SUPPORT SERVICES LTD (REGISTERED NUMBER: 13237237)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FITNESS SUPPORT SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: M J Sharpe
D J Sharpe





REGISTERED OFFICE: Unit 1 Enfield Industrial Estate
Enfield Street
Wigan
WN5 8DB





REGISTERED NUMBER: 13237237 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

FITNESS SUPPORT SERVICES LTD (REGISTERED NUMBER: 13237237)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 329,733 392,003

CURRENT ASSETS
Debtors 5 35,347 27,030
Cash at bank 2,451 24,321
37,798 51,351
CREDITORS
Amounts falling due within one year 6 280,222 409,286
NET CURRENT LIABILITIES (242,424 ) (357,935 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,309

34,068

PROVISIONS FOR LIABILITIES 21,802 8,492
NET ASSETS 65,507 25,576

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,407 25,476
65,507 25,576

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 17 October 2023 and were signed on its behalf by:



M J Sharpe - Director


FITNESS SUPPORT SERVICES LTD (REGISTERED NUMBER: 13237237)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Fitness Support Services 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.

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

Rental income receivable from operating leases is recognised in the profit and loss account on a straight line basis over the period of the lease.

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.
Fitness equipment - straight line over 7 years

Tangible fixed assets are stated at cost less depreciation and impairment.

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Financial instruments
Short term financial assets, including trade and other debtors and cash and bank balances, are measured at transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including other creditors and amounts owed to associated undertakings, are measured at the transaction price. Financial liabilities that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

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 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.


FITNESS SUPPORT SERVICES LTD (REGISTERED NUMBER: 13237237)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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 (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fitness
equipment
£   
COST
At 1 April 2022
and 31 March 2023 435,885
DEPRECIATION
At 1 April 2022 43,882
Charge for year 62,270
At 31 March 2023 106,152
NET BOOK VALUE
At 31 March 2023 329,733
At 31 March 2022 392,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,347 11,782
Other debtors - 15,248
35,347 27,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 123,870 159,870
Trade creditors 1,380 -
Amounts owed to related parties 53,850 130,000
Social security and other taxes 5,661 -
Directors' current accounts 82,580 106,580
Accruals and deferred income 12,881 12,836
280,222 409,286

FITNESS SUPPORT SERVICES LTD (REGISTERED NUMBER: 13237237)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

7. RELATED PARTY DISCLOSURES

Transactions with related parties
During the year the company made repayments on loans from related parties of £76,150. At the year end £53,850 remained outstanding (2022 - £130,000).

Loan transactions
At the year end there is a loan balance owing to directors of £82,580 (2022 - £106,580).

At the year end there are loan balances owing to the directors family members of £123,870 (2022 - £159,870), these are included within other loans.