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Registration number: 10405749

Ground Zero Fitness Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Ground Zero Fitness Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 4

 

Ground Zero Fitness Limited

(Registration number: 10405749)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

55,857

64,366

Current assets

 

Debtors

5

7,623

29,165

Cash at bank and in hand

 

2,647

234

 

10,270

29,399

Creditors: Amounts falling due within one year

6

(15,106)

(38,768)

Net current liabilities

 

(4,836)

(9,369)

Total assets less current liabilities

 

51,021

54,997

Creditors: Amounts falling due after more than one year

6

(3,759)

(9,068)

Provisions for liabilities

(7,679)

(8,575)

Net assets

 

39,583

37,354

Capital and reserves

 

Called up share capital

100

100

Retained earnings

39,483

37,254

Shareholders' funds

 

39,583

37,354

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 July 2024
 

.........................................
Mrs J Williams
Director

 

Ground Zero Fitness Limited

Notes to the Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

The principal place of business is:
64a Sandbach Road South
Alsager
Stoke on Trent
ST7 2LP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Ground Zero Fitness Limited

Notes to the Financial Statements for the Year Ended 31 October 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

15% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Plant and equipment
£

Total
£

Cost or valuation

At 1 November 2022

127,171

127,171

Additions

1,348

1,348

At 31 October 2023

128,519

128,519

Depreciation

At 1 November 2022

62,805

62,805

Charge for the year

9,857

9,857

At 31 October 2023

72,662

72,662

Carrying amount

At 31 October 2023

55,857

55,857

At 31 October 2022

64,366

64,366

 

Ground Zero Fitness Limited

Notes to the Financial Statements for the Year Ended 31 October 2023

5

Debtors

2023
£

2022
£

Amounts owed by related parties

7,623

29,165

7,623

29,165

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loan

5,311

4,923

Other creditors

 

9,795

33,845

 

15,106

38,768

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Bank loan

3,759

9,068