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Registered Number: 12620157
England and Wales

 

 

 


Unaudited Financial Statements

for the period ended 28 February 2023

for

TOWER FITNESS FAKENHAM LTD

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3   15,886 
  15,886 
Current assets      
Cash at bank and in hand 4,523    3,899 
Creditors: amount falling due within one year 4 (13,332)   (27,898)
Net current liabilities (8,809)   (23,999)
 
Total assets less current liabilities (8,809)   (8,113)
Provisions for liabilities 5   (3,018)
Net liabilities (8,809)   (11,131)
 

Capital and reserves
     
Called up share capital 6 300    300 
Profit and loss account (9,109)   (11,431)
Shareholder's funds (8,809)   (11,131)
 


For the period ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 01 March 2023 and were signed on its behalf by:


-------------------------------
Jackson Williams
Director
1
General Information
Tower Fitness Fakenham Ltd is a private company, limited by shares, registered in England and Wales, registration number 12620157, registration address 9 Chalk Hill House, 19 Rosary Road, Norwich, Norfolk, NR1 1SZ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 2 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 June 2022 24,822    24,822 
Additions  
Disposals (24,822)   (24,822)
At 28 February 2023  
Depreciation
At 01 June 2022 8,936    8,936 
Charge for period  
On disposals (8,936)   (8,936)
At 28 February 2023  
Net book values
Closing balance as at 28 February 2023  
Opening balance as at 01 June 2022 15,886    15,886 


4.

Creditors: amount falling due within one year

2023
£
  2022
£
Directors' Current Accounts 13,332    27,898 
13,332    27,898 

5.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 3,018    3,773 
Charged to Profit & Loss (3,018)   (755)
  3,018 

6.

Share Capital

Authorised
300 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
300 Class A shares of £1.00 each 300    300 
300    300 

2