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COMPANY REGISTRATION NUMBER: 11987157
JoshB Fitness Limited
Filleted Unaudited Financial Statements
31 May 2023
JoshB Fitness Limited
Financial Statements
Year ended 31 May 2023
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
JoshB Fitness Limited
Officers and Professional Advisers
Director
J Burnham
Registered office
727-729 High Road
London
England
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
JoshB Fitness Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of JoshB Fitness Limited
Year ended 31 May 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 May 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
11 March 2024
JoshB Fitness Limited
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
804
2,463
Current assets
Debtors
6
10,490
6,900
Cash at bank and in hand
17,557
7,326
--------
--------
28,047
14,226
Creditors: amounts falling due within one year
7
50,929
38,601
--------
--------
Net current liabilities
22,882
24,375
--------
--------
Total assets less current liabilities
( 22,078)
( 21,912)
Creditors: amounts falling due after more than one year
8
8,602
10,636
--------
--------
Net liabilities
( 30,680)
( 32,548)
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 30,681)
( 32,549)
--------
--------
Shareholders deficit
( 30,680)
( 32,548)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JoshB Fitness Limited
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 11 March 2024 , and are signed on behalf of the board by:
J Burnham
Director
Company registration number: 11987157
JoshB Fitness Limited
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling , which is the functional currency of the entity.
Going concern
In my opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which I believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular I believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
33% straight line
Equipment
-
33% straight line
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 June 2022 and 31 May 2023
13,457
3,228
16,685
--------
-------
--------
Depreciation
At 1 June 2022
12,684
1,538
14,222
Charge for the year
700
959
1,659
--------
-------
--------
At 31 May 2023
13,384
2,497
15,881
--------
-------
--------
Carrying amount
At 31 May 2023
73
731
804
--------
-------
--------
At 31 May 2022
773
1,690
2,463
--------
-------
--------
6. Debtors
2023
2022
£
£
Trade debtors
4,404
5,754
Other debtors
6,086
1,146
--------
-------
10,490
6,900
--------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
1,693
1,351
Social security and other taxes
2,343
Other creditors
46,893
37,250
--------
--------
50,929
38,601
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
8,602
10,636
-------
--------