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REGISTERED NUMBER: 08130447 (England and Wales)













Financial Statements

for the Period

1 August 2022 to 31 August 2023

for

Benchmark Fitness Solutions Limited

Benchmark Fitness Solutions Limited (Registered number: 08130447)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Benchmark Fitness Solutions Limited

Company Information
for the Period 1 August 2022 to 31 August 2023







DIRECTORS: Mr L M Smith
Mrs C L Smith



REGISTERED OFFICE: Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



REGISTERED NUMBER: 08130447 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Barclays Bank plc
Retford Sherwood Group
RETFORD
Nottinghamshire
DN22 6DQ

Benchmark Fitness Solutions Limited (Registered number: 08130447)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 275 436

CURRENT ASSETS
Stocks - 638
Debtors 5 90 74,644
Cash at bank 26,564 42,023
26,654 117,305
CREDITORS
Amounts falling due within one year 6 12,599 44,081
NET CURRENT ASSETS 14,055 73,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,330

73,660

CREDITORS
Amounts falling due after more than
one year

7

-

(41,667

)

PROVISIONS FOR LIABILITIES - (84 )
NET ASSETS 14,330 31,909

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,230 31,809
SHAREHOLDERS' FUNDS 14,330 31,909

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

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

Benchmark Fitness Solutions Limited (Registered number: 08130447)

Balance Sheet - continued
31 August 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 10 October 2023 and were signed on its behalf by:





Mr L M Smith - Director


Benchmark Fitness Solutions Limited (Registered number: 08130447)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 August 2023

1. STATUTORY INFORMATION

Benchmark Fitness Solutions 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 each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Benchmark Fitness Solutions Limited (Registered number: 08130447)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 August 2023

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 August 2023 2,201 2,190 4,391
DEPRECIATION
At 1 August 2022 1,805 2,150 3,955
Charge for period 147 14 161
At 31 August 2023 1,952 2,164 4,116
NET BOOK VALUE
At 31 August 2023 249 26 275
At 31 July 2022 396 40 436

Benchmark Fitness Solutions Limited (Registered number: 08130447)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 August 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 43,804
Directors' current accounts - 30,840
VAT 90 -
90 74,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11 8,333
Trade creditors - 21,487
Tax 10,038 7,501
VAT - 3,852
Other creditors - 61
Accruals and deferred income 2,550 2,847
12,599 44,081

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 10,000
Bank loans - 2-5 years - 31,667
- 41,667

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 August 2023 and the year ended 31 July 2022:

2023 2022
£    £   
Mr L M Smith and Mrs C L Smith
Balance outstanding at start of period 30,840 49,470
Amounts advanced 28,880 22,670
Amounts repaid (25,520 ) (41,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 34,200 30,840

Benchmark Fitness Solutions Limited (Registered number: 08130447)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 August 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The maximum overdrawn balance on this account during the year was £35,957 (2022 - £58,048).

Interest of £315 (2022 - £699) was paid on this balance, at the applicable rate of 2%.

The above loan is on an unsecured basis.