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Registration number: 12465644

Ground Zero Fitness Kidsgrove Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Ground Zero Fitness Kidsgrove Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Ground Zero Fitness Kidsgrove Limited

(Registration number: 12465644)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

26,378

29,637

Current assets

 

Debtors

5

-

9,553

Creditors: Amounts falling due within one year

6

(14,882)

(32,390)

Net current liabilities

 

(14,882)

(22,837)

Total assets less current liabilities

 

11,496

6,800

Provisions for liabilities

(5,012)

(5,631)

Net assets

 

6,484

1,169

Capital and reserves

 

Called up share capital

100

100

Retained earnings

6,384

1,069

Shareholders' funds

 

6,484

1,169

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 July 2024
 

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

 

Ground Zero Fitness Kidsgrove Limited

Notes to the Unaudited 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:
4 Meadows Road
Kidsgrove
Stoke on Trent
ST7 1BT

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ground Zero Fitness Kidsgrove Limited

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

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.

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).

 

Ground Zero Fitness Kidsgrove Limited

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

4

Tangible assets

Plant and equipment
£

Total
£

Cost or valuation

At 1 November 2022

37,677

37,677

Additions

1,396

1,396

At 31 October 2023

39,073

39,073

Depreciation

At 1 November 2022

8,040

8,040

Charge for the year

4,655

4,655

At 31 October 2023

12,695

12,695

Carrying amount

At 31 October 2023

26,378

26,378

At 31 October 2022

29,637

29,637

5

Debtors

2023
£

2022
£

Other debtors

-

9,553

-

9,553

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

600

600

Amounts owed to related parties

7,623

29,165

Other creditors

6,659

2,625

14,882

32,390

 

Ground Zero Fitness Kidsgrove Limited

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

7

Related party transactions

Other transactions with the director

During the year, repayments were made by the director in the sum of £9,759. At the year end, the company owed the director the amount of £205 (2022: £9,554 - owed by the director). The loan was interest free and repayable on demand.