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REGISTERED NUMBER: 14224901 (England and Wales)












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: H D F Barratt





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
Truro
TR1 1DG





REGISTERED NUMBER: 14224901 (England and Wales)





ACCOUNTANTS: Lang Bennetts
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 4 200,448

CURRENT ASSETS
Stocks 1,983
Debtors 5 59,911
Cash at bank 9,274
71,168
CREDITORS
Amounts falling due within one year 6 86,415
NET CURRENT LIABILITIES (15,247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,201

CREDITORS
Amounts falling due after more than one
year

7

(173,931

)

PROVISIONS FOR LIABILITIES (5,991 )
NET ASSETS 5,279

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 5,179
5,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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


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 director and authorised for issue on 6 November 2023 and were signed by:





H D F Barratt - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the lease term
Plant and machinery etc - 33% on cost and 20% on cost

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 2 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 164,195 61,897 226,092
At 30 June 2023 164,195 61,897 226,092
DEPRECIATION
Charge for period 17,284 8,360 25,644
At 30 June 2023 17,284 8,360 25,644
NET BOOK VALUE
At 30 June 2023 146,911 53,537 200,448

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 33,225
Other debtors 26,686
59,911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 18,316
Other creditors 68,099
86,415

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 173,931

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.