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REGISTERED NUMBER: 07921586 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

New Energy Fitness Ltd

New Energy Fitness Ltd (Registered number: 07921586)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Energy Fitness Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: M K Cresswell
K J Cresswell
Ms H Moseley
Ms L M Spruce





REGISTERED OFFICE: Friary House
36 Middle Brook Street
Winchester
Hampshire
SO23 8DQ





REGISTERED NUMBER: 07921586 (England and Wales)





ACCOUNTANT: Tony Brown Accountancy Solutions Limited
Chartered Accountants
Basepoint Business Centre
1 Winnall Valley Road
Winnall
Winchester
Hampshire
SO23 0LD

New Energy Fitness Ltd (Registered number: 07921586)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,054 151,719
Investments 5 100 100
122,154 151,819

CURRENT ASSETS
Debtors 6 51,705 48,778
Cash in hand 92 92
51,797 48,870
CREDITORS
Amounts falling due within one year 7 198,968 203,132
NET CURRENT LIABILITIES (147,171 ) (154,262 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,017

)

(2,443

)

CREDITORS
Amounts falling due after more than one year 8 39,637 75,259
NET LIABILITIES (64,654 ) (77,702 )

CAPITAL AND RESERVES
Called up share capital 280,000 280,000
Retained earnings (344,654 ) (357,702 )
(64,654 ) (77,702 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

New Energy Fitness Ltd (Registered number: 07921586)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 21 October 2023 and were signed on its behalf by:





K J Cresswell - Director


New Energy Fitness Ltd (Registered number: 07921586)

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

1. STATUTORY INFORMATION

New Energy Fitness 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.

Preparation of consolidated financial statements
The financial statements contain information about New Energy Fitness Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


New Energy Fitness Ltd (Registered number: 07921586)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 165,874 267,136 433,010
DEPRECIATION
At 1 February 2022 90,061 191,230 281,291
Charge for year 11,181 18,484 29,665
At 31 January 2023 101,242 209,714 310,956
NET BOOK VALUE
At 31 January 2023 64,632 57,422 122,054
At 31 January 2022 75,813 75,906 151,719

New Energy Fitness Ltd (Registered number: 07921586)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 100
NET BOOK VALUE
At 31 January 2023 100
At 31 January 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 835 2,452
Other debtors 50,870 46,326
51,705 48,778

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 55,198 64,437
Trade creditors 24,975 15,767
Amounts owed to group undertakings 20,047 12,965
Taxation and social security 23,329 19,209
Other creditors 75,419 90,754
198,968 203,132

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 13,137 48,759
Other creditors 26,500 26,500
39,637 75,259

New Energy Fitness Ltd (Registered number: 07921586)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank overdrafts 18,194 18,570
Bank loans 50,141 94,626
68,335 113,196

The secured debts are secured on the assets of the company.

10. OTHER FINANCIAL COMMITMENTS

The company has provided a guarantee for the rent payable by its subsidiary New Energy Yoga Ltd. The financial commitments outstanding at the year end were £265,833 (2022 £4,573).

There are other financial commitment outstanding at the year end of £425,160 (2022 £85,480)

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Ms H Moseley
Balance outstanding at start of year 156 156
Amounts advanced 3 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 159 156

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party