Company Registration No. 10803915 (England and Wales)
VENTURE FITNESS LIMITED
Unaudited accounts
for the year ended 30 June 2024
VENTURE FITNESS LIMITED
Unaudited accounts
Contents
VENTURE FITNESS LIMITED
Company Information
for the year ended 30 June 2024
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 2024
Intangible assets
27,891
33,485
Tangible assets
176,180
222,132
Cash at bank and in hand
103,824
48,380
Creditors: amounts falling due within one year
(226,170)
(313,502)
Net current liabilities
(60,689)
(128,834)
Total assets less current liabilities
2,210,642
126,783
Creditors: amounts falling due after more than one year
(13,426)
(121,239)
Provisions for liabilities
Net assets
1,680,402
5,544
Called up share capital
6
6
Profit and loss account
1,680,396
5,538
Shareholders' funds
1,680,402
5,544
For the year ending 30 June 2024 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 23 July 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 2024
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
20% 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 2024
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 2023
479,671
48,757
95,685
3,767
627,880
Additions
4,212
-
11,631
-
15,843
At 30 June 2024
483,883
48,757
107,316
3,767
643,723
At 1 July 2023
304,762
31,641
67,472
1,873
405,748
Charge for the year
44,164
9,752
7,405
474
61,795
At 30 June 2024
348,926
41,393
74,877
2,347
467,543
At 30 June 2024
134,957
7,364
32,439
1,420
176,180
At 30 June 2023
174,909
17,116
28,213
1,894
222,132
6
Investments
Subsidiary undertakings
Valuation at 1 July 2023
-
Fair value adjustments
2,067,257
Valuation at 30 June 2024
2,067,260
Amounts falling due within one year
Amounts due from group undertakings etc.
-
79,794
Accrued income and prepayments
6,307
2,494
Amounts falling due after more than one year
Other debtors
27,000
54,000
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,054
100,117
Obligations under finance leases and hire purchase contracts
53,908
50,347
Amounts owed to group undertakings and other participating interests
10,000
-
Taxes and social security
54,827
47,237
Other creditors
1,374
1,999
Loans from directors
68,672
98,045
VENTURE FITNESS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
9
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
13,426
94,604
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).