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Registration number: 11655003

Rejuvenate Gym Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2023

 

Rejuvenate Gym Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Rejuvenate Gym Ltd

Company Information

Directors

Mrs Susan Wilde

Ms Rebecca Ann Jones

Registered office

85 Albemarle Avenue
Hartford
Northwich
Cheshire
CW8 1HU

 

Rejuvenate Gym Ltd

(Registration number: 11655003)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

8,150

10,510

Current assets

 

Debtors

5

-

2,466

Cash at bank and in hand

 

21,763

21,805

 

21,763

24,271

Prepayments and accrued income

 

844

782

Creditors: Amounts falling due within one year

(12,907)

(14,245)

Net current assets

 

9,700

10,808

Total assets less current liabilities

 

17,850

21,318

Accruals and deferred income

 

(349)

(349)

Net assets

 

17,501

20,969

Capital and reserves

 

Called up share capital

6

3

3

Retained earnings

17,498

20,966

Shareholders' funds

 

17,501

20,969

For the financial 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.

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Rejuvenate Gym Ltd

(Registration number: 11655003)
Abridged Balance Sheet as at 30 November 2023

Approved and authorised by the Board on 23 August 2024 and signed on its behalf by:
 

.........................................
Mrs Susan Wilde
Director

 

Rejuvenate Gym Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales .

The address of its registered office is:
85 Albemarle Avenue
Hartford
Northwich
Cheshire
CW8 1HU
United Kingdom

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 abridged 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 abridged 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 sales/value added tax, 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.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

 

Rejuvenate Gym Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

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

Computer equipment

25% reducing balance method

Gym equipment

25% reducing balance method

Fixtures & fittings

15% reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Rejuvenate Gym Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 6).

4

Tangible assets

Furniture, fittings and equipment
 £

Properties under construction
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

5,700

907

14,428

21,035

At 30 November 2023

5,700

907

14,428

21,035

Depreciation

At 1 December 2022

2,725

622

7,178

10,525

Charge for the year

455

85

1,820

2,360

At 30 November 2023

3,180

707

8,998

12,885

Carrying amount

At 30 November 2023

2,520

200

5,430

8,150

At 30 November 2022

2,975

285

7,250

10,510

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3

         

7

Related party transactions

 

Rejuvenate Gym Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

17,173

14,588