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REGISTERED NUMBER: 08563521















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

JRN FITNESS LIMITED

JRN FITNESS LIMITED (REGISTERED NUMBER: 08563521)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

JRN FITNESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: J H Maru
R Halai
N Hirani





REGISTERED OFFICE: 248 Church Lane
Kingsbury
London
NW9 8SL





REGISTERED NUMBER: 08563521





ACCOUNTANTS: Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL

JRN FITNESS LIMITED (REGISTERED NUMBER: 08563521)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,600 12,367
Tangible assets 5 31,846 41,713
42,446 54,080

CURRENT ASSETS
Debtors 6 224,653 226,371
Cash at bank 73,948 28,916
298,601 255,287
CREDITORS
Amounts falling due within one year 7 64,809 64,841
NET CURRENT ASSETS 233,792 190,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,238

244,526

CREDITORS
Amounts falling due after more than one
year

8

177,499

193,596
NET ASSETS 98,739 50,930

JRN FITNESS LIMITED (REGISTERED NUMBER: 08563521)

BALANCE SHEET - continued
30 JUNE 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 98,619 50,810
SHAREHOLDERS' FUNDS 98,739 50,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by:




R Halai - Director N Hirani - Director




J H Maru - Director


JRN FITNESS LIMITED (REGISTERED NUMBER: 08563521)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

JRN Fitness Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover represents the net subscriptions received, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of fifteen 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance

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.


JRN FITNESS LIMITED (REGISTERED NUMBER: 08563521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

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 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 26,500
AMORTISATION
At 1 July 2022 14,133
Charge for year 1,767
At 30 June 2023 15,900
NET BOOK VALUE
At 30 June 2023 10,600
At 30 June 2022 12,367

JRN FITNESS LIMITED (REGISTERED NUMBER: 08563521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 12,391 217,084 229,475
DEPRECIATION
At 1 July 2022 6,842 180,920 187,762
Charge for year 826 9,041 9,867
At 30 June 2023 7,668 189,961 197,629
NET BOOK VALUE
At 30 June 2023 4,723 27,123 31,846
At 30 June 2022 5,549 36,164 41,713

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 224,653 226,371

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 352 37,463
Taxation and social security 11,241 2,561
Other creditors 53,216 24,817
64,809 64,841

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 30,000 40,000
Other creditors 147,499 153,596
177,499 193,596

JRN FITNESS LIMITED (REGISTERED NUMBER: 08563521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,000 40,000

JRN FITNESS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
JRN FITNESS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL


15 September 2023