Silverfin false 30/04/2023 01/05/2022 30/04/2023 Christopher French 02/04/2020 Kimberley French 02/04/2020 14 November 2023 The principal activity of the Company during the financial year was sport activities. 12545333 2023-04-30 12545333 bus:Director1 2023-04-30 12545333 bus:Director2 2023-04-30 12545333 2022-04-30 12545333 core:CurrentFinancialInstruments 2023-04-30 12545333 core:CurrentFinancialInstruments 2022-04-30 12545333 core:ShareCapital 2023-04-30 12545333 core:ShareCapital 2022-04-30 12545333 core:RetainedEarningsAccumulatedLosses 2023-04-30 12545333 core:RetainedEarningsAccumulatedLosses 2022-04-30 12545333 core:Goodwill 2022-04-30 12545333 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2022-04-30 12545333 core:Goodwill 2023-04-30 12545333 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-04-30 12545333 core:PlantMachinery 2022-04-30 12545333 core:OfficeEquipment 2022-04-30 12545333 core:PlantMachinery 2023-04-30 12545333 core:OfficeEquipment 2023-04-30 12545333 2022-05-01 2023-04-30 12545333 bus:FullAccounts 2022-05-01 2023-04-30 12545333 bus:SmallEntities 2022-05-01 2023-04-30 12545333 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 12545333 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 12545333 bus:Director1 2022-05-01 2023-04-30 12545333 bus:Director2 2022-05-01 2023-04-30 12545333 core:Goodwill core:TopRangeValue 2022-05-01 2023-04-30 12545333 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2022-05-01 2023-04-30 12545333 core:PlantMachinery core:TopRangeValue 2022-05-01 2023-04-30 12545333 core:OfficeEquipment core:TopRangeValue 2022-05-01 2023-04-30 12545333 2021-05-01 2022-04-30 12545333 core:Goodwill 2022-05-01 2023-04-30 12545333 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2022-05-01 2023-04-30 12545333 core:PlantMachinery 2022-05-01 2023-04-30 12545333 core:OfficeEquipment 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 12545333 (England and Wales)

KIM FRENCH FITNESS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

KIM FRENCH FITNESS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

KIM FRENCH FITNESS LIMITED

BALANCE SHEET

As at 30 April 2023
KIM FRENCH FITNESS LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 148,147 185,915
Tangible assets 4 16,639 17,422
164,786 203,337
Current assets
Stocks 5 26,588 12,958
Debtors 6 91,782 68,979
Cash at bank and in hand 531,402 296,515
649,772 378,452
Creditors: amounts falling due within one year 7 ( 178,224) ( 239,290)
Net current assets 471,548 139,162
Total assets less current liabilities 636,334 342,499
Net assets 636,334 342,499
Capital and reserves
Called-up share capital 2 2
Profit and loss account 636,332 342,497
Total shareholders' funds 636,334 342,499

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Kim French Fitness Limited (registered number: 12545333) were approved and authorised for issue by the Board of Directors on 14 November 2023. They were signed on its behalf by:

Christopher French
Director
KIM FRENCH FITNESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
KIM FRENCH FITNESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kim French Fitness Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 83 King Richard Drive, Bournemouth, BH11 9UE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Website costs 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Website costs Total
£ £ £
Cost
At 01 May 2022 190,000 116,313 306,313
Additions 0 32,762 32,762
At 30 April 2023 190,000 149,075 339,075
Accumulated amortisation
At 01 May 2022 68,400 51,998 120,398
Charge for the financial year 24,320 46,210 70,530
At 30 April 2023 92,720 98,208 190,928
Net book value
At 30 April 2023 97,280 50,867 148,147
At 30 April 2022 121,600 64,315 185,915

4. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 May 2022 24,214 5,986 30,200
Additions 4,896 2,749 7,645
At 30 April 2023 29,110 8,735 37,845
Accumulated depreciation
At 01 May 2022 11,609 1,169 12,778
Charge for the financial year 6,804 1,624 8,428
At 30 April 2023 18,413 2,793 21,206
Net book value
At 30 April 2023 10,697 5,942 16,639
At 30 April 2022 12,605 4,817 17,422

5. Stocks

2023 2022
£ £
Stocks 26,588 12,958

6. Debtors

2023 2022
£ £
Other debtors 91,782 68,979

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 16,715 9,317
Taxation and social security 97,158 38,160
Other creditors 64,351 191,813
178,224 239,290