1 January 2023 false No description of principal activity Taxfiler 2024.4 08822576business:PrivateLimitedCompanyLtd2023-01-012023-12-31 088225762022-12-31 088225762023-01-012023-12-31 08822576business:AuditExemptWithAccountantsReport2023-01-012023-12-31 08822576business:FilletedAccounts2023-01-012023-12-31 088225762023-12-31 08822576business:Director12023-01-012023-12-31 08822576business:Director32023-01-012023-12-31 08822576business:RegisteredOffice2023-01-012023-12-31 088225762022-12-31 08822576core:WithinOneYear2023-12-31 08822576core:WithinOneYear2022-12-31 08822576core:AfterOneYear2023-12-31 08822576core:AfterOneYear2022-12-31 08822576core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 08822576core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 08822576core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 08822576core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 08822576core:PreviouslyStatedAmount2023-12-31 08822576core:PreviouslyStatedAmount2022-12-31 08822576business:SmallEntities2023-01-012023-12-31 08822576countries:EnglandWales2023-01-012023-12-31 08822576core:PlantMachinery2023-01-012023-12-31 08822576core:FurnitureFittings2023-01-012023-12-31 08822576core:PlantMachinery2022-12-31 08822576core:FurnitureFittings2022-12-31 08822576core:PlantMachinery2023-12-31 08822576core:FurnitureFittings2023-12-31 08822576core:AcceleratedTaxDepreciationDeferredTax2023-12-31 08822576core:AcceleratedTaxDepreciationDeferredTax2022-12-31 08822576core:TaxLossesCarry-forwardsDeferredTax2023-12-31 08822576core:TaxLossesCarry-forwardsDeferredTax2022-12-31 088225762021-12-31 088225762022-01-012022-12-31 08822576business:OrdinaryShareClass12023-01-012023-12-31 08822576business:OrdinaryShareClass12022-01-012022-12-31 08822576business:Director22023-01-012023-12-31 08822576business:Director212023-01-012023-12-31 08822576business:Director212022-12-31 08822576business:Director212023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08822576 (England and Wales)
Fusion Fitness Gym (Fareham) Limited Unaudited accounts for the year ended 31 December 2023
Fusion Fitness Gym (Fareham) Limited Unaudited accounts Contents
Page
- 2 -
Fusion Fitness Gym (Fareham) Limited Company Information for the year ended 31 December 2023
Directors
D Jackson Daniel Jackson
Company Number
08822576 (England and Wales)
Registered Office
22 PILGRIMS WAY FAREHAM PO14 3LX ENGLAND
- 3 -
Fusion Fitness Gym (Fareham) Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
158,279 
147,445 
Current assets
Debtors
15,459 
34,927 
Cash at bank and in hand
35,446 
16,273 
50,905 
51,200 
Creditors: amounts falling due within one year
(64,856)
(74,662)
Net current liabilities
(13,951)
(23,462)
Total assets less current liabilities
144,328 
123,983 
Creditors: amounts falling due after more than one year
(11,443)
(54,501)
Provisions for liabilities
Deferred tax
(22,952)
- 
Net assets
109,933 
69,482 
Capital and reserves
Called up share capital
101 
100 
Profit and loss account
109,832 
69,382 
Shareholders' funds
109,933 
69,482 
For the year ending 31 December 2023 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 4 February 2024 and were signed on its behalf by
D Jackson Director Company Registration No. 08822576
- 4 -
Fusion Fitness Gym (Fareham) Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Fusion Fitness Gym (Fareham) Limited is a private company, limited by shares, registered in England and Wales, registration number 08822576. The registered office is 22 PILGRIMS WAY, FAREHAM, PO14 3LX, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
10% Reducing balance
Fixtures & fittings
20% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
Fusion Fitness Gym (Fareham) Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
172,818 
- 
172,818 
Additions
25,132 
3,700 
28,832 
At 31 December 2023
197,950 
3,700 
201,650 
Depreciation
At 1 January 2023
25,373 
- 
25,373 
Charge for the year
17,258 
740 
17,998 
At 31 December 2023
42,631 
740 
43,371 
Net book value
At 31 December 2023
155,319 
2,960 
158,279 
At 31 December 2022
147,445 
- 
147,445 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,533 
Amounts due from group undertakings etc.
4,405 
1,405 
Deferred tax asset
22,989 
Accrued income and prepayments
834 
- 
Other debtors
10,220 
9,000 
15,459 
34,927 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,484 
7,484 
VAT
13,968 
- 
Loans from directors
39,104 
60,428 
Accruals
4,300 
6,750 
64,856 
74,662 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,443 
19,501 
Other creditors
- 
35,000 
11,443 
54,501 
- 6 -
Fusion Fitness Gym (Fareham) Limited Notes to the Accounts for the year ended 31 December 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
29,689 
(22,989)
Tax losses carried forward
(6,737)
- 
22,952 
(22,989)
2023 
2022 
£ 
£ 
Provision at start of year
(22,989)
- 
Charged/(credited) to the profit and loss account
45,941 
(22,989)
Provision at end of year
22,952 
(22,989)
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101 
100 
Shares issued during the period:
1 Ordinary shares of £1 each
1 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
O Cushion
Directors loan account
(2,250)
31,535 
28,065 
1,220 
(2,250)
31,535 
28,065 
1,220 
11
Controlling party
The parent and ultimate controlling party is Fusion Fitness Group Limited (Company No: 14484871).
12
Average number of employees
During the year the average number of employees was 2 (2022: 1).
- 7 -