Company Registration No. 10803915 (England and Wales)
VENTURE FITNESS LIMITED
Unaudited accounts
for the year ended 30 June 2023
VENTURE FITNESS LIMITED
Unaudited accounts
Contents
VENTURE FITNESS LIMITED
Company Information
for the year ended 30 June 2023
Directors
Amritpal Singh SANDHU
Arundeep Kaur Rai SANDHU
Company Number
10803915 (England and Wales)
Registered Office
TU MI
GOLD CUP LANE
ASCOT
SL5 8NP
UNITED KINGDOM
Accountants
PRIME ACCOUNTANTS
10 LOCKWOOD HOUSE
LOCKWOOD PARK
HUDDERSFIELD
HD4 6EN
VENTURE FITNESS LIMITED
Statement of financial position
as at 30 June 2023
Intangible assets
33,485
39,080
Tangible assets
222,132
294,470
Cash at bank and in hand
48,380
99,313
Creditors: amounts falling due within one year
(215,457)
(221,542)
Net current liabilities
(30,789)
(32,719)
Total assets less current liabilities
224,828
300,831
Creditors: amounts falling due after more than one year
(219,284)
(406,100)
Net assets/(liabilities)
5,544
(105,269)
Called up share capital
6
10
Profit and loss account
5,538
(105,279)
Shareholders' funds
5,544
(105,269)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by
Amritpal Singh SANDHU
Director
Company Registration No. 10803915
VENTURE FITNESS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
VENTURE FITNESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10803915. The registered office is TU MI, GOLD CUP LANE, ASCOT, SL5 8NP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
5 Year Straight Line
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Other tangible fixed assets
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
VENTURE FITNESS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
477,913
48,757
92,992
3,396
623,058
Additions
1,758
-
2,693
371
4,822
At 30 June 2023
479,671
48,757
95,685
3,767
627,880
At 1 July 2022
246,766
21,890
58,586
1,346
328,588
Charge for the year
57,996
9,751
8,886
527
77,160
At 30 June 2023
304,762
31,641
67,472
1,873
405,748
At 30 June 2023
174,909
17,116
28,213
1,894
222,132
At 30 June 2022
231,147
26,867
34,406
2,050
294,470
Amounts falling due within one year
Amounts due from group undertakings etc.
79,794
33,600
Accrued income and prepayments
2,494
1,910
Amounts falling due after more than one year
Other debtors
54,000
54,000
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
100,117
94,054
Obligations under finance leases and hire purchase contracts
50,347
92,804
Taxes and social security
47,237
18,181
Other creditors
1,999
1,684
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
94,604
138,304
Loans from directors
98,045
135,508
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).