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REGISTERED NUMBER: 09060671 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

J M C FITNESS LIMITED

J M C FITNESS LIMITED (REGISTERED NUMBER: 09060671)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J M C FITNESS LIMITED

COMPANY INFORMATION
For The Year Ended 30th September 2023







DIRECTOR: N E Bland





REGISTERED OFFICE: 14 Tavistock Place
Sunderland
SR1 1PB





REGISTERED NUMBER: 09060671 (England and Wales)





ACCOUNTANTS: Stafford Accountancy
The Yard Suite 2.2
Gill Bridge Avenue
Sunderland
Tyne and Wear
SR1 3AW

J M C FITNESS LIMITED (REGISTERED NUMBER: 09060671)

BALANCE SHEET
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,251 11,935

CURRENT ASSETS
Stocks 100 120
Debtors 5 1,575 1,575
Cash at bank 4,972 2,212
6,647 3,907
CREDITORS
Amounts falling due within one year 6 28,693 29,440
NET CURRENT LIABILITIES (22,046 ) (25,533 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,795

)

(13,598

)

CREDITORS
Amounts falling due after more than one
year

7

(9,153

)

(9,412

)

PROVISIONS FOR LIABILITIES (1,758 ) (2,268 )
NET LIABILITIES (23,706 ) (25,278 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (23,806 ) (25,378 )
SHAREHOLDERS' FUNDS (23,706 ) (25,278 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

J M C FITNESS LIMITED (REGISTERED NUMBER: 09060671)

BALANCE SHEET - continued
30th September 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 director and authorised for issue on 11th April 2024 and were signed by:





N E Bland - Director


J M C FITNESS LIMITED (REGISTERED NUMBER: 09060671)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30th September 2023

1. STATUTORY INFORMATION

J M C 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Despite having net liabilities at 30 September 2023, the Directors have reviewed cash flow forecasts for future periods and are confident the company will be able to meet all of its liabilities when they fall due, for the foreseeable future.

The Directors have therefore continued to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable in the period in respect of gym membership subscriptions and associated sales, excluding discounts, rebates.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


J M C FITNESS LIMITED (REGISTERED NUMBER: 09060671)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th September 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st October 2022 49,548 4,629 54,177
Additions 243 - 243
At 30th September 2023 49,791 4,629 54,420
DEPRECIATION
At 1st October 2022 37,613 4,629 42,242
Charge for year 2,927 - 2,927
At 30th September 2023 40,540 4,629 45,169
NET BOOK VALUE
At 30th September 2023 9,251 - 9,251
At 30th September 2022 11,935 - 11,935

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 1,575 1,575

J M C FITNESS LIMITED (REGISTERED NUMBER: 09060671)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,463 2,388
Trade creditors - 1,302
Tax - (1 )
Social security and other taxes 88 76
Other creditors 12,330 12,201
Directors' current accounts 12,426 11,904
Accrued expenses 2,386 1,570
28,693 29,440

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,153 9,412

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 18,000 -
Between one and five years - 36,000
18,000 36,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the prior period, the company received a loan of £2,700 from a close family member of the Directors. The loan is unsecured and no interest is accruing on the balance. The outstanding amount owed to the related party as at 30 September 2023 was £nil (2022: £1,771).