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Company Registration No. 13526368 (England and Wales)
Vigour Fitness Group Ltd Unaudited accounts for the year ended 31 December 2023
Vigour Fitness Group Ltd Unaudited accounts Contents
Page
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Vigour Fitness Group Ltd Company Information for the year ended 31 December 2023
Director
D C V Cooper
Company Number
13526368 (England and Wales)
Registered Office
16 Elmwood Welwyn Garden City Hertfordshire AL8 6LE England
Accountants
EDF Accountancy 78 Brocket Road Welwyn Garden City Hertfordshire AL8 7TU
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Vigour Fitness Group Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,097 
34,310 
Current assets
Inventories
317 
566 
Debtors
8,012 
11,700 
Cash at bank and in hand
13,836 
37,699 
22,165 
49,965 
Creditors: amounts falling due within one year
(49,382)
(102,258)
Net current liabilities
(27,217)
(52,293)
Total assets less current liabilities
6,880 
(17,983)
Provisions for liabilities
Deferred tax
(5,412)
(5,250)
Net assets/(liabilities)
1,468 
(23,233)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,368 
(23,333)
Shareholders' funds
1,468 
(23,233)
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 director acknowledges his 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 and authorised for issue on 1 August 2024 and were signed on its behalf by
D C V Cooper Director Company Registration No. 13526368
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Vigour Fitness Group Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Vigour Fitness Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13526368. The registered office is 16 Elmwood, Welwyn Garden City, Hertfordshire, AL8 6LE, 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 years and 7 years
Fixtures & fittings
3 years
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Vigour Fitness Group Ltd 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
37,596 
- 
37,596 
Additions
4,123 
422 
4,545 
At 31 December 2023
41,719 
422 
42,141 
Depreciation
At 1 January 2023
3,286 
- 
3,286 
Charge for the year
4,629 
129 
4,758 
At 31 December 2023
7,915 
129 
8,044 
Net book value
At 31 December 2023
33,804 
293 
34,097 
At 31 December 2022
34,310 
- 
34,310 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,512 
7,200 
Other debtors
4,500 
4,500 
8,012 
11,700 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
35,000 
82,475 
Loans from directors
10,000 
13,343 
Accruals
4,382 
6,440 
49,382 
102,258 
7
Transactions with related parties
Included in other creditors is an amount of £35,000 (2022: £78,100) due to a company controlled by the director. At 31 December 2023 the company owes the director £10,000 (2022: £13,343). The above are interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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