1 September 2022 v2024.40.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC5441072022-09-012023-08-31SC5441072023-08-31SC5441072022-08-31SC544107core:WithinOneYear2023-08-31SC544107core:WithinOneYear2022-08-31SC544107core:AfterOneYear2023-08-31SC544107core:AfterOneYear2022-08-31SC544107core:ShareCapital2023-08-31SC544107core:ShareCapital2022-08-31SC544107core:RetainedEarningsAccumulatedLosses2023-08-31SC544107core:RetainedEarningsAccumulatedLosses2022-08-31SC544107bus:Director12022-09-012023-08-31SC544107bus:Director22022-09-012023-08-31SC544107bus:RegisteredOffice2022-09-012023-08-31SC544107core:OfficeEquipment2022-09-012023-08-31SC5441072021-09-012022-08-31SC544107core:PlantMachinery2022-09-01SC544107core:PlantMachinery2022-09-012023-08-31SC544107core:PlantMachinery2023-08-31SC544107core:PlantMachinery2022-08-31SC54410712022-09-012023-08-31SC544107countries:Scotland2022-09-012023-08-31SC544107bus:AuditExempt-NoAccountantsReport2022-09-012023-08-31SC544107bus:PrivateLimitedCompanyLtd2022-09-012023-08-31SC544107bus:SmallEntities2022-09-012023-08-31SC544107bus:FullAccounts2022-09-012023-08-31
Company registration number:
SC544107
PK FITNESS GLASGOW LIMITED
Unaudited Filleted Financial Statements for the year ended
31 August 2023
PK FITNESS GLASGOW LIMITED
Statement of Financial Position
31 August 2023
20232022
Note££
Fixed assets    
Tangible assets 5
3,027
 
2,431
 
Current assets    
Debtors 6 -  
25
 
Cash at bank and in hand
394
 
850
 
394
 
875
 
Creditors: amounts falling due within one year 7
(10,340
)
(13,019
)
Net current liabilities
(9,946
)
(12,144
)
Total assets less current liabilities (6,919 ) (9,713 )
Creditors: amounts falling due after more than one year 8
(9,261
)
(11,262
)
Net liabilities
(16,180
)
(20,975
)
Capital and reserves    
Called up share capital
3
 
3
 
Profit and loss account
(16,183
)
(20,978
)
Shareholders deficit
(16,180
)
(20,975
)
For the year ending
31 August 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 August 2024
, and are signed on behalf of the board by:
Mr Paul Kolatowicz
Ms Kellyann McLaughlin
DirectorDirector
Company registration number:
SC544107
PK FITNESS GLASGOW LIMITED
Notes to the Financial Statements
Year ended
31 August 2023

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
31 Herma Street,
,
Glasgow, Scotland,
,
G23 5AN
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
15% straight line

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2022:
3.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 September 2022
3,679
 
Additions
1,440
 
Disposals
(109
)
At
31 August 2023
5,010
 
Depreciation  
At
1 September 2022
1,248
 
Charge
751
 
Disposals
(16
)
At
31 August 2023
1,983
 
Carrying amount  
At
31 August 2023
3,027
 
At 31 August 2022
2,431
 

6 Debtors

20232022
££
Other debtors -  
25
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
3,114
 
4,458
 
Taxation and social security
6,746
 
7,201
 
Other creditors
480
 
1,360
 
10,340
 
13,019
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
9,261
 
11,262