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REGISTERED NUMBER: 07717880 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2023

for

R M Fitness Ltd

R M Fitness Ltd (Registered number: 07717880)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R M Fitness Ltd

Company Information
for the year ended 31 August 2023







DIRECTORS: R Meadows
Mrs M Meadows
S M Dimmick





REGISTERED OFFICE: 22-28 Willow Street
Accrington
Lancashire
BB5 1LP





REGISTERED NUMBER: 07717880 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

R M Fitness Ltd (Registered number: 07717880)

Abridged Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,960 17,280
Tangible assets 5 50,224 58,688
63,184 75,968

CURRENT ASSETS
Stocks 500 500
Debtors 22,687 10,842
Cash at bank 28,509 37,472
51,696 48,814
CREDITORS
Amounts falling due within one year 63,682 64,637
NET CURRENT LIABILITIES (11,986 ) (15,823 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,198

60,145

CREDITORS
Amounts falling due after more than one
year

(40,843

)

(47,604

)

PROVISIONS FOR LIABILITIES (9,543 ) (11,151 )
NET ASSETS 812 1,390

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 612 1,190
SHAREHOLDERS' FUNDS 812 1,390

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

R M Fitness Ltd (Registered number: 07717880)

Abridged Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:





R Meadows - Director


R M Fitness Ltd (Registered number: 07717880)

Notes to the Financial Statements
for the year ended 31 August 2023

1. STATUTORY INFORMATION

R M Fitness 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.

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 have been prepared on a going concern basis. The company has net current liabilities in the current and previous financial year.The company is reliant on the continued financial support of the director.The directors are of the opinion that trading performance will improve over the next financial year and that the relevant support will be maintained. No adjustments have been made that may have been found necessary if any other basis of preparation had been used.

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 operates a membership gym and fitness training services to other its members. Revenue is recognised in the accounting period in which the services are rendered.

Goodwill
Goodwill, being the amount paid in connection with the aquisition of the business in 2012, is being amortised evenly over its remaining estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Straight line over 5 years
Plant and machinery - 20% on cost and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.


R M Fitness Ltd (Registered number: 07717880)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2022 - 6 ) .

R M Fitness Ltd (Registered number: 07717880)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022
and 31 August 2023 59,000
AMORTISATION
At 1 September 2022 41,720
Amortisation for year 4,320
At 31 August 2023 46,040
NET BOOK VALUE

At 31 August 2023 12,960
At 31 August 2022 17,280

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 211,702
Additions 2,476
At 31 August 2023 214,178
DEPRECIATION
At 1 September 2022 153,014
Charge for year 10,940
At 31 August 2023 163,954
NET BOOK VALUE
At 31 August 2023 50,224
At 31 August 2022 58,688

R M Fitness Ltd (Registered number: 07717880)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2022
and 31 August 2023 28,600
DEPRECIATION
At 1 September 2022 12,513
Charge for year 4,022
At 31 August 2023 16,535
NET BOOK VALUE
At 31 August 2023 12,065
At 31 August 2022 16,087

6. SECURED DEBTS

The following secured debts are included within creditors:

31/8/23 31/8/22
£    £   
Hire purchase contracts 9,059 11,710

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/23 31/8/22
value: £    £   
80 Ordinary A Shares £1 80 80
80 Ordinary B Shares £1 80 80
40 Ordinary C Shares £1 40 40
200 200

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31/8/23 31/8/22
£    £   
Mrs M Meadows and R Meadows
Balance outstanding at start of year - -
Amounts advanced 76,030 -
Amounts repaid (67,164 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,866 -

R M Fitness Ltd (Registered number: 07717880)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S M Dimmick
Balance outstanding at start of year - -
Amounts advanced 34,945 -
Amounts repaid (31,493 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,452 -