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Registered number: 09847813
Tribe Health Clubs Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Moneypad Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09847813
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 69,375 74,500
Tangible Assets 5 234,200 251,857
303,575 326,357
CURRENT ASSETS
Debtors 6 115,891 109,695
115,891 109,695
Creditors: Amounts Falling Due Within One Year 7 (190,463 ) (348,304 )
NET CURRENT ASSETS (LIABILITIES) (74,572 ) (238,609 )
TOTAL ASSETS LESS CURRENT LIABILITIES 229,003 87,748
Creditors: Amounts Falling Due After More Than One Year 8 (878,725 ) (694,813 )
NET LIABILITIES (649,722 ) (607,065 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (649,822 ) (607,165 )
SHAREHOLDERS' FUNDS (649,722) (607,065)
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Bull
Director
14/12/2023
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tribe Health Clubs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09847813 . The registered office is Orchard House, 15a Market Street, Telford, TF2 6EL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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 work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are franchise fees. They are amortised to profit and loss account by 5% straight line over its estimated economic life of years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 9)
8 9
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 102,500
As at 31 October 2023 102,500
Amortisation
As at 1 November 2022 28,000
Provided during the period 5,125
As at 31 October 2023 33,125
Net Book Value
As at 31 October 2023 69,375
As at 1 November 2022 74,500
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Page 4
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2022 626,707
Additions 57,277
As at 31 October 2023 683,984
Depreciation
As at 1 November 2022 374,850
Provided during the period 74,934
As at 31 October 2023 449,784
Net Book Value
As at 31 October 2023 234,200
As at 1 November 2022 251,857
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,883 41
Prepayments and accrued income 31,594 28,562
Other debtors 81,414 81,092
115,891 109,695
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 70,643 73,771
Bank loans and overdrafts 58,671 180,280
Other taxes and social security 24,470 58,551
VAT 34,766 22,766
Other creditors 290 476
Accruals and deferred income 1,623 12,460
190,463 348,304
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 148,225 192,813
Amounts owed to other participating interests 730,500 502,000
878,725 694,813
Page 4
Page 5
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured. There is a fixed and floating charge registered by HSBC Bank Plc over all the assets of the company in relation to the bank loan.
2023 2022
£ £
Bank loans and overdrafts - 167,037
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5