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REGISTERED NUMBER: 12170871 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

LEEMAN FITNESS LIMITED

LEEMAN FITNESS LIMITED (REGISTERED NUMBER: 12170871)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEEMAN FITNESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: M C Leeman
C R Leeman





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 12170871 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

LEEMAN FITNESS LIMITED (REGISTERED NUMBER: 12170871)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,600 25,200
Tangible assets 5 10,243 10,959
31,843 36,159

CURRENT ASSETS
Debtors 6 11,347 420
Cash at bank 98,462 127,308
109,809 127,728
CREDITORS
Amounts falling due within one year 7 76,610 104,673
NET CURRENT ASSETS 33,199 23,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,042

59,214

CREDITORS
Amounts falling due after more than one year 8 42,500 42,500
NET ASSETS 22,542 16,714

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 10 21,542 15,714
SHAREHOLDERS' FUNDS 22,542 16,714

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.

LEEMAN FITNESS LIMITED (REGISTERED NUMBER: 12170871)

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.

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 8 January 2024 and were signed on its behalf by:




M C Leeman - Director



C R Leeman - Director


LEEMAN FITNESS LIMITED (REGISTERED NUMBER: 12170871)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Leeman Fitness Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten 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.
Equipment - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LEEMAN FITNESS LIMITED (REGISTERED NUMBER: 12170871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 36,000
AMORTISATION
At 1 September 2022 10,800
Charge for year 3,600
At 31 August 2023 14,400
NET BOOK VALUE
At 31 August 2023 21,600
At 31 August 2022 25,200

5. TANGIBLE FIXED ASSETS
Office
Equipment equipment Totals
£    £    £   
COST
At 1 September 2022 19,587 - 19,587
Additions - 2,214 2,214
At 31 August 2023 19,587 2,214 21,801
DEPRECIATION
At 1 September 2022 8,628 - 8,628
Charge for year 2,192 738 2,930
At 31 August 2023 10,820 738 11,558
NET BOOK VALUE
At 31 August 2023 8,767 1,476 10,243
At 31 August 2022 10,959 - 10,959

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,448 -
Prepayments 899 420
11,347 420

LEEMAN FITNESS LIMITED (REGISTERED NUMBER: 12170871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 11,285 10,424
Social security and other taxes (134 ) -
VAT 3,219 2,693
Other creditors 592 784
Directors' current accounts 60,358 89,542
Accrued expenses 1,290 1,230
76,610 104,673

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 42,500 42,500

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 16,800 1,380
Between one and five years 18,200 -
35,000 1,380

10. RESERVES
Retained
earnings
£   

At 1 September 2022 15,714
Profit for the year 42,828
Dividends (37,000 )
At 31 August 2023 21,542