Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 13042606 Mr Graham Bates Mr James Bates Mr Richard Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13042606 2022-11-30 13042606 2023-11-30 13042606 2022-12-01 2023-11-30 13042606 frs-core:CurrentFinancialInstruments 2023-11-30 13042606 frs-core:Non-currentFinancialInstruments 2023-11-30 13042606 frs-core:BetweenOneFiveYears 2023-11-30 13042606 frs-core:PlantMachinery 2023-11-30 13042606 frs-core:PlantMachinery 2022-12-01 2023-11-30 13042606 frs-core:PlantMachinery 2022-11-30 13042606 frs-core:WithinOneYear 2023-11-30 13042606 frs-core:ShareCapital 2023-11-30 13042606 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13042606 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13042606 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13042606 frs-bus:SmallEntities 2022-12-01 2023-11-30 13042606 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13042606 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13042606 frs-bus:Director1 2022-12-01 2023-11-30 13042606 frs-bus:Director2 2022-12-01 2023-11-30 13042606 frs-bus:Director3 2022-12-01 2023-11-30 13042606 frs-core:CurrentFinancialInstruments 1 2023-11-30 13042606 frs-countries:EnglandWales 2022-12-01 2023-11-30 13042606 2021-11-30 13042606 2022-11-30 13042606 2021-12-01 2022-11-30 13042606 frs-core:CurrentFinancialInstruments 2022-11-30 13042606 frs-core:Non-currentFinancialInstruments 2022-11-30 13042606 frs-core:BetweenOneFiveYears 2022-11-30 13042606 frs-core:WithinOneYear 2022-11-30 13042606 frs-core:ShareCapital 2022-11-30 13042606 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 13042606 frs-core:CurrentFinancialInstruments 1 2022-11-30
Registered number: 13042606
Nr12 Fitness Gym & Studio Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
RW Accountancy Solutions Limited
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 13042606
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,274 21,574
14,274 21,574
CURRENT ASSETS
Stocks 5 3,395 200
Debtors 6 4,351 5,924
Cash at bank and in hand 13,207 6,684
20,953 12,808
Creditors: Amounts Falling Due Within One Year 7 (96,526 ) (77,635 )
NET CURRENT ASSETS (LIABILITIES) (75,573 ) (64,827 )
TOTAL ASSETS LESS CURRENT LIABILITIES (61,299 ) (43,253 )
Creditors: Amounts Falling Due After More Than One Year 8 (4,025 ) (6,138 )
NET LIABILITIES (65,324 ) (49,391 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement (65,424 ) (49,491 )
SHAREHOLDERS' FUNDS (65,324) (49,391)
Page 1
Page 2
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr James Bates
Director
13/02/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nr12 Fitness Gym & Studio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13042606 . The registered office is Unit 5, Station Road Business Park, Horning Road West, Hoveton, Norwich, Norfolk, NR12 8QJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 39,915
As at 30 November 2023 39,915
Depreciation
As at 1 December 2022 18,341
Provided during the period 7,300
As at 30 November 2023 25,641
Net Book Value
As at 30 November 2023 14,274
As at 1 December 2022 21,574
5. Stocks
2023 2022
£ £
Finished goods 3,395 200
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 232 645
Prepayments and accrued income 3,314 3,997
Other debtors 805 1,282
4,351 5,924
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,012 2,012
Trade creditors 33,584 18,686
Other taxes and social security 729 689
VAT 6,638 5,791
Net wages 3,695 2,510
Other creditors - 200
Income in advance 7,502 5,758
Accruals 1,891 1,312
Directors' loan accounts 40,475 40,677
96,526 77,635
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,025 6,138
4,025 6,138
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,012 2,012
Later than one year and not later than five years 4,025 6,138
6,037 8,150
6,037 8,150
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Richard Wilson, Director of NR12 Fitness Gym and Studio Ltd, is also Director of RW Accountancy Solutions Ltd. In the year to 30th November 2023, RW Accountancy Solutions Ltd invoiced £4,551 (2022: £5,337) to NR12 Fitness Gym and Studio Ltd.
Graham Bates and James Bates, Directors of NR12 Fitness Gym and Studio Ltd, are also directors of Eric Bates and Sons Ltd. Eric Bates and Sons Ltd is a shareholder in NR12 Fitness Gym and Studio Ltd. In the year to 30th November 2023, Eric Bates and Sons Ltd invoiced £51,614 (2022: £34,761) to NR12 Fitness Gym and Studio Ltd. 
Page 5