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REGISTERED NUMBER: 10604329 (England and Wales)















Cardiff Personal Training Studio Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023






Cardiff Personal Training Studio Limited (Registered number: 10604329)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cardiff Personal Training Studio Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J Byers





REGISTERED OFFICE: 135 Maindy Road
Cardiff
CF24 4HN





REGISTERED NUMBER: 10604329 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Cardiff Personal Training Studio Limited (Registered number: 10604329)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,925 14,525

CURRENT ASSETS
Debtors 5 25,535 20,389
Cash at bank 1,649 1,406
27,184 21,795
CREDITORS
Amounts falling due within one year 6 27,462 24,676
NET CURRENT LIABILITIES (278 ) (2,881 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,647 11,644

CREDITORS
Amounts falling due after more than one year 7 8,250 11,250
NET ASSETS 1,397 394

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,297 294
1,397 394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 7 November 2023 and were signed by:




J Byers - Director


Cardiff Personal Training Studio Limited (Registered number: 10604329)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Cardiff Personal Training Studio 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.

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


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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Cardiff Personal Training Studio Limited (Registered number: 10604329)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 22,368 18,000 40,368
DEPRECIATION
At 1 March 2022 22,093 3,750 25,843
Charge for year 100 4,500 4,600
At 28 February 2023 22,193 8,250 30,443
NET BOOK VALUE
At 28 February 2023 175 9,750 9,925
At 28 February 2022 275 14,250 14,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 25,535 20,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 3,000 3,000
Taxation and social security 6,311 3,176
Other creditors 18,151 18,500
27,462 24,676

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 8,250 11,250

Cardiff Personal Training Studio Limited (Registered number: 10604329)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
J Byers
Balance outstanding at start of year 20,389 24,230
Amounts advanced 44,524 60,648
Amounts repaid (39,378 ) (64,489 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,535 20,389