Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 NC000904 Mr Terry Hughes Mrs Kerry Hughes Mr Peter Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NC000904 2023-03-31 NC000904 2024-03-31 NC000904 2023-04-01 2024-03-31 NC000904 frs-core:Non-currentFinancialInstruments 2024-03-31 NC000904 frs-core:ComputerEquipment 2023-04-01 2024-03-31 NC000904 frs-core:FurnitureFittings 2023-04-01 2024-03-31 NC000904 frs-core:PlantMachinery 2023-04-01 2024-03-31 NC000904 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 NC000904 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 NC000904 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 NC000904 frs-bus:SmallEntities 2023-04-01 2024-03-31 NC000904 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NC000904 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NC000904 frs-countries:EnglandWales 2023-04-01 2024-03-31 NC000904 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 NC000904 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 NC000904 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 NC000904 2022-03-31 NC000904 2023-03-31 NC000904 2022-04-01 2023-03-31 NC000904 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: NC000904
TH Fitness LLP
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: NC000904
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 150,167 129,239
150,167 129,239
CURRENT ASSETS
Stocks 690 380
Debtors 10,715 281
Cash at bank and in hand 13,626 101,743
25,031 102,404
Creditors: Amounts Falling Due Within One Year (15,651 ) (82,839 )
NET CURRENT ASSETS (LIABILITIES) 9,380 19,565
TOTAL ASSETS LESS CURRENT LIABILITIES 159,547 148,804
Creditors: Amounts Falling Due After More Than One Year (14,467 ) (20,296 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 145,080 128,508
REPRESENTED BY:
Equity
Members' other interests
Members' capital (280,085) (195,662)
Other reserves 425,165 324,170
145,080 128,508
TOTAL MEMBERS' INTEREST
Members' other interests 145,080 128,508
145,080 128,508
Page 1
Page 2
For the year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
Mr Terry Hughes
Designated Member
Mrs Kerry Hughes
Designated Member
Mr Peter Hughes
Designated Member
10 June 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
TH Fitness LLP is a limited liability partnership, incorporated in England & Wales, registered number NC000904 . The Registered Office is C/O RMS Cash Solutions Limited, Unit 3B , 38 Montgomery Road, Belfast, Antrim, BT6 9HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
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. 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.
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 10% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 20% straight line
2.4. 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 members with contracts of employment, during the year was: 1 (2023: NIL)
1 -
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4. Tangible Assets
Total
£
Cost
As at 1 April 2023 214,109
Additions 41,655
As at 31 March 2024 255,764
Depreciation
As at 1 April 2023 84,870
Provided during the period 20,727
As at 31 March 2024 105,597
Net Book Value
As at 31 March 2024 150,167
As at 1 April 2023 129,239
Page 4