IRIS Accounts Production v23.2.0.158 11285244 director 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112852442022-03-31112852442023-03-31112852442022-04-012023-03-31112852442021-03-31112852442021-04-012022-03-31112852442022-03-3111285244ns10:Originalns15:EnglandWales2022-04-012023-03-3111285244ns14:PoundSterlingns10:Original2022-04-012023-03-3111285244ns10:Originalns10:Director12022-04-012023-03-3111285244ns10:Original2022-04-012023-03-3111285244ns10:Original2023-03-3111285244ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111285244ns10:Originalns10:SmallEntities2022-04-012023-03-3111285244ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3111285244ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111285244ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3111285244ns10:Originalns10:FullAccounts2022-04-012023-03-3111285244ns10:Original12022-04-012023-03-3111285244ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3111285244ns10:Originalns10:RegisteredOffice2022-04-012023-03-3111285244ns10:Original2022-03-3111285244ns10:Originalns5:CurrentFinancialInstruments2023-03-3111285244ns10:Originalns5:CurrentFinancialInstruments2022-03-3111285244ns10:Originalns5:Non-currentFinancialInstruments2023-03-3111285244ns10:Originalns5:Non-currentFinancialInstruments2022-03-3111285244ns5:ShareCapitalns10:Original2023-03-3111285244ns5:ShareCapitalns10:Original2022-03-3111285244ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3111285244ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111285244ns10:Originalns5:NetGoodwill2022-04-012023-03-3111285244ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3111285244ns10:Originalns5:PlantMachinery2022-04-012023-03-3111285244ns10:Original2021-04-012022-03-3111285244ns10:Originalns5:NetGoodwill2022-03-3111285244ns10:Originalns5:NetGoodwill2023-03-3111285244ns10:Originalns5:NetGoodwill2022-03-3111285244ns10:Originalns5:PlantMachinery2022-03-3111285244ns10:Originalns5:PlantMachinery2023-03-3111285244ns10:Originalns5:PlantMachinery2022-03-3111285244ns10:Originalns5:LeasedAssetsHeldAsLessee2022-04-012023-03-3111285244ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111285244ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3111285244ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111285244ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3111285244ns10:Originalns5:WithinOneYear2023-03-3111285244ns10:Originalns5:WithinOneYear2022-03-3111285244ns5:BetweenOneFiveYearsns10:Original2023-03-3111285244ns5:BetweenOneFiveYearsns10:Original2022-03-3111285244ns10:Originalns5:AllPeriods2023-03-3111285244ns10:Originalns5:AllPeriods2022-03-3111285244ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 11285244 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

LIMITLESS TRAINING CLUB LTD

LIMITLESS TRAINING CLUB LTD (REGISTERED NUMBER: 11285244)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIMITLESS TRAINING CLUB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: D Paul





REGISTERED OFFICE: Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH





REGISTERED NUMBER: 11285244 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

LIMITLESS TRAINING CLUB LTD (REGISTERED NUMBER: 11285244)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 6,000
Tangible assets 5 42,003 55,161
47,003 61,161

CURRENT ASSETS
Stocks 750 1,199
Debtors 6 766 2,145
Cash at bank 3,200 2,045
4,716 5,389
CREDITORS
Amounts falling due within one year 7 50,902 56,024
NET CURRENT LIABILITIES (46,186 ) (50,635 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

817

10,526

CREDITORS
Amounts falling due after more than one
year

8

(4,558

)

(6,888

)

PROVISIONS FOR LIABILITIES (7,171 ) (9,211 )
NET LIABILITIES (10,912 ) (5,573 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (11,012 ) (5,673 )
SHAREHOLDERS' FUNDS (10,912 ) (5,573 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

LIMITLESS TRAINING CLUB LTD (REGISTERED NUMBER: 11285244)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th November 2023 and were signed by:





D Paul - Director


LIMITLESS TRAINING CLUB LTD (REGISTERED NUMBER: 11285244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Limitless Training Club Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's trading address is Water Street, Kettering, NN16 0JR.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost, straight line over the life of the lease and Between 25% and 33% of 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


LIMITLESS TRAINING CLUB LTD (REGISTERED NUMBER: 11285244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued
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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 10,000
AMORTISATION
At 1st April 2022 4,000
Charge for year 1,000
At 31st March 2023 5,000
NET BOOK VALUE
At 31st March 2023 5,000
At 31st March 2022 6,000

LIMITLESS TRAINING CLUB LTD (REGISTERED NUMBER: 11285244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 112,549
Additions 5,568
At 31st March 2023 118,117
DEPRECIATION
At 1st April 2022 57,388
Charge for year 18,726
At 31st March 2023 76,114
NET BOOK VALUE
At 31st March 2023 42,003
At 31st March 2022 55,161

The carrying value of plant and machinery included in the above which is held under hire purchase agreements is nil (2022 £749). Assets financed on hire purchase are pledged as security for the liability outstanding.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 766 2,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 2,093 2,004
Hire purchase contracts (see note 10) - 1,030
Trade creditors 186 307
Taxation and social security 546 356
Other creditors 48,077 52,327
50,902 56,024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 4,558 6,888

LIMITLESS TRAINING CLUB LTD (REGISTERED NUMBER: 11285244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


9. LOANS

The company has a bank loan on the Bounce Back Loan scheme. The amount owing at the year-end was £6,651 (2022 £8,892)

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 1,030

Non-cancellable operating leases
2023 2022
£    £   
Within one year 14,220 12,000
Between one and five years 15,185 27,000
29,405 39,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100