IRIS Accounts Production v24.1.4.33 08929857 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089298572023-03-31089298572024-03-31089298572023-04-012024-03-31089298572022-03-31089298572022-04-012023-03-31089298572023-03-3108929857ns15:EnglandWales2023-04-012024-03-3108929857ns14:PoundSterling2023-04-012024-03-3108929857ns10:Director12023-04-012024-03-3108929857ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108929857ns10:SmallEntities2023-04-012024-03-3108929857ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108929857ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108929857ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108929857ns10:FullAccounts2023-04-012024-03-310892985712023-04-012024-03-3108929857ns10:OrdinaryShareClass12023-04-012024-03-3108929857ns10:RegisteredOffice2023-04-012024-03-3108929857ns5:CurrentFinancialInstruments2024-03-3108929857ns5:CurrentFinancialInstruments2023-03-3108929857ns5:Non-currentFinancialInstruments2024-03-3108929857ns5:Non-currentFinancialInstruments2023-03-3108929857ns5:ShareCapital2024-03-3108929857ns5:ShareCapital2023-03-3108929857ns5:RetainedEarningsAccumulatedLosses2024-03-3108929857ns5:RetainedEarningsAccumulatedLosses2023-03-3108929857ns5:NetGoodwill2023-04-012024-03-3108929857ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108929857ns5:PlantMachinery2023-04-012024-03-3108929857ns5:NetGoodwill2023-03-3108929857ns5:NetGoodwill2024-03-3108929857ns5:NetGoodwill2023-03-3108929857ns5:PlantMachinery2023-03-3108929857ns5:PlantMachinery2024-03-3108929857ns5:PlantMachinery2023-03-3108929857ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108929857ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108929857ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3108929857ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3108929857ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3108929857ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3108929857ns5:DeferredTaxation2024-03-3108929857ns10:OrdinaryShareClass12024-03-3108929857ns5:RetainedEarningsAccumulatedLosses2023-03-3108929857ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 08929857 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ULTIMATE FITNESS CHESHIRE LIMITED

ULTIMATE FITNESS CHESHIRE LIMITED (REGISTERED NUMBER: 08929857)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ULTIMATE FITNESS CHESHIRE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: M J Wood





REGISTERED OFFICE: 2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY





REGISTERED NUMBER: 08929857 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

ULTIMATE FITNESS CHESHIRE LIMITED (REGISTERED NUMBER: 08929857)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 500
Tangible assets 5 17,911 11,346
17,911 11,846

CURRENT ASSETS
Cash at bank 13,904 12,973

CREDITORS
Amounts falling due within one year 6 21,597 20,500
NET CURRENT LIABILITIES (7,693 ) (7,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,218

4,319

CREDITORS
Amounts falling due after more than one
year

7

(2,225

)

(3,834

)

PROVISIONS FOR LIABILITIES 9 (3,403 ) -
NET ASSETS 4,590 485

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 4,490 385
SHAREHOLDERS' FUNDS 4,590 485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ULTIMATE FITNESS CHESHIRE LIMITED (REGISTERED NUMBER: 08929857)

BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





M J Wood - Director


ULTIMATE FITNESS CHESHIRE LIMITED (REGISTERED NUMBER: 08929857)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ultimate Fitness Cheshire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ULTIMATE FITNESS CHESHIRE LIMITED (REGISTERED NUMBER: 08929857)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5,000
AMORTISATION
At 1 April 2023 4,500
Amortisation for year 500
At 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 39,126
Additions 10,594
At 31 March 2024 49,720
DEPRECIATION
At 1 April 2023 27,780
Charge for year 4,029
At 31 March 2024 31,809
NET BOOK VALUE
At 31 March 2024 17,911
At 31 March 2023 11,346

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 1,517 1,485
Hire purchase contracts 1,325 1,350
Tax 8,197 11,375
VAT 2,366 3,425
Directors' current accounts 103 825
Accrued expenses 8,089 2,040
21,597 20,500

ULTIMATE FITNESS CHESHIRE LIMITED (REGISTERED NUMBER: 08929857)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 2,225 3,609
Hire purchase contracts - 225
2,225 3,834

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,517 1,485

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,549 1,519

Amounts falling due between two and five years:
Bank loans - 2-5 years 676 2,090

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 3,403 -

Deferred
tax
£   
Accelerated capital allowances 3,403
Balance at 31 March 2024 3,403

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

ULTIMATE FITNESS CHESHIRE LIMITED (REGISTERED NUMBER: 08929857)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

11. RESERVES
Retained
earnings
£   

At 1 April 2023 385
Profit for the year 38,105
Dividends (34,000 )
At 31 March 2024 4,490