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Registered number: 02594821
Barnes Health & Fitness Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
SGR Accountancy Ltd
80 South Gipsy Road
Welling
Kent
DA16 1JD
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02594821
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 120,016 32,475
Investments 5 190,605 199,790
310,621 232,265
CURRENT ASSETS
Debtors 7 456,939 468,194
Cash at bank and in hand 505,598 301,746
962,537 769,940
Creditors: Amounts Falling Due Within One Year 8 (156,515 ) (246,998 )
NET CURRENT ASSETS (LIABILITIES) 806,022 522,942
TOTAL ASSETS LESS CURRENT LIABILITIES 1,116,643 755,207
Creditors: Amounts Falling Due After More Than One Year 9 (29,229 ) (34,328 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,696 ) (5,615 )
NET ASSETS 1,059,718 715,264
CAPITAL AND RESERVES
Called up share capital 10 5,002 5,002
Profit and Loss Account 1,054,716 710,262
SHAREHOLDERS' FUNDS 1,059,718 715,264
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Profit and Loss Account.
On behalf of the board
Miss Helen Prebble
Director
28 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Barnes Health & Fitness Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02594821 . The registered office is The Circle Spa, Queen Elizabeth Street, London, SE1 2JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
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.
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:
Leasehold 4% straight line
Plant & Machinery 25% straight line
Fixtures & Fittings 25% reducing balance
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.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 57,920 256,136 233,594 547,650
Additions - 128,275 - 128,275
As at 31 March 2024 57,920 384,411 233,594 675,925
Depreciation
As at 1 April 2023 47,369 247,627 220,179 515,175
Provided during the period 1,319 36,061 3,354 40,734
As at 31 March 2024 48,688 283,688 223,533 555,909
Net Book Value
As at 31 March 2024 9,232 100,723 10,061 120,016
As at 1 April 2023 10,551 8,509 13,415 32,475
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5. Investments
Unlisted
£
Cost
As at 1 April 2023 199,790
Revaluations (9,185 )
As at 31 March 2024 190,605
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 190,605
As at 1 April 2023 199,790
6. Stocks
2024 2023
£ £
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 32,387 32,387
Other debtors 8,623 2,566
Corporation tax recoverable assets 96,706 96,706
Director's loan account 269,223 286,535
406,939 418,194
Due after more than one year
Other debtors 50,000 50,000
50,000 50,000
456,939 468,194
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,748 8,594
Bank loans and overdrafts 5,500 5,500
Corporation tax 102,099 140,019
Other taxes and social security 7,192 7,374
VAT 31,680 29,180
Other creditors 5,616 5,651
Accruals and deferred income 2,680 50,680
156,515 246,998
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,229 34,328
29,229 34,328
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,002 5,002
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Miss Helen Prebble 286,535 - 17,312 - 269,223
The above loan is unsecured and attracts interest at HMRC rates on beneficial loans. 
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