REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 11 JULY 2022 TO 30 JUNE 2023 |
FOR |
ONE PERSONAL TRAINING LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 11 JULY 2022 TO 30 JUNE 2023 |
FOR |
ONE PERSONAL TRAINING LIMITED |
ONE PERSONAL TRAINING LIMITED (REGISTERED NUMBER: 14224901) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 11 JULY 2022 TO 30 JUNE 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ONE PERSONAL TRAINING LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 11 JULY 2022 TO 30 JUNE 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Old Carriage Works |
Moresk Road |
TRURO |
Cornwall |
TR1 1DG |
ONE PERSONAL TRAINING LIMITED (REGISTERED NUMBER: 14224901) |
BALANCE SHEET |
30 JUNE 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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. |
ONE PERSONAL TRAINING LIMITED (REGISTERED NUMBER: 14224901) |
BALANCE SHEET - continued |
30 JUNE 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
ONE PERSONAL TRAINING LIMITED (REGISTERED NUMBER: 14224901) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 11 JULY 2022 TO 30 JUNE 2023 |
1. | STATUTORY INFORMATION |
One Personal Training Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements show net current liabilities of £15,247. The company's largest creditors are the Director and or associated businesses under his control. The Director does not anticipate repayment being demanded from the company during the foreseeable future of a quantum that would adversely affect the company's ability to settle all liabilities as they fall due. The financial statements are therefore prepared on the going concern basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
The company recognises revenue to turnover as client sessions are completed. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
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. |
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. |
ONE PERSONAL TRAINING LIMITED (REGISTERED NUMBER: 14224901) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 11 JULY 2022 TO 30 JUNE 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
Additions |
At 30 June 2023 |
DEPRECIATION |
Charge for period |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
ONE PERSONAL TRAINING LIMITED (REGISTERED NUMBER: 14224901) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 11 JULY 2022 TO 30 JUNE 2023 |
8. | RELATED PARTY DISCLOSURES |
The Director advances personal funds totalling £148,018 to the company during the period, with repayments of £22,996. At 30 June 2023, the company owed the Director £125,022. |
Interest is charged upon the loan at 10%, with interest charges totalling £10,352. |
The Directors do not anticipate repayments of more than £40,000 being repaid over the 12 months from 30 June 2023. Accordingly, £85,022 of the outstanding advance has been classed as a long term liability within the financial statements. |
A business associated with the company by common ownership sold trade assets to the company totalling £7,953. The assets were sold at open market value. The associated business also advanced funds totalling £88,576. Interest was charged on the outstanding balances at 10%, with interest charges totalling £6,692. |
The Director does not anticipate repayments of more than £10,000 being repaid over the 12 months from 30 June 2023. Accordingly, £88,909 of the outstanding advance has been classed as a long term liability within the financial statements. |