1 August 2023 false No description of principal activity Taxfiler 2024.5 SC738245business:PrivateLimitedCompanyLtd2023-08-012024-07-31 SC7382452023-07-31 SC7382452023-08-012024-07-31 SC738245business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 SC738245business:FilletedAccounts2023-08-012024-07-31 SC7382452024-07-31 SC738245business:Director12023-08-012024-07-31 SC738245business:Director22023-08-012024-07-31 SC738245business:RegisteredOffice2023-08-012024-07-31 SC7382452023-07-31 SC738245core:WithinOneYear2024-07-31 SC738245core:WithinOneYear2023-07-31 SC738245core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 SC738245core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC738245core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 SC738245core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC738245core:PreviouslyStatedAmount2024-07-31 SC738245core:PreviouslyStatedAmount2023-07-31 SC738245business:SmallEntities2023-08-012024-07-31 SC738245countries:Scotland2023-08-012024-07-31 SC738245core:PlantMachinery2023-08-012024-07-31 SC738245core:IntangibleAssetsOtherThanGoodwill2023-07-31 SC738245core:IntangibleAssetsOtherThanGoodwill2024-07-31 SC738245core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-31 SC738245core:LandBuildings2023-07-31 SC738245core:PlantMachinery2023-07-31 SC738245core:LandBuildings2023-08-012024-07-31 SC738245core:LandBuildings2024-07-31 SC738245core:PlantMachinery2024-07-31 SC7382452022-07-132023-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC738245 (Scotland)
PARK FARM STRENGTH & FITNESS LTD Unaudited accounts for the year ended 31 July 2024
PARK FARM STRENGTH & FITNESS LTD Unaudited accounts Contents
Page
- 2 -
PARK FARM STRENGTH & FITNESS LTD Company Information for the year ended 31 July 2024
Directors
Jacayln Dunlop Grant Neilson
Company Number
SC738245 (Scotland)
Registered Office
Park Farm , Hurlawcrook Road East Kilbride G75 0QL
Accountants
Valorem Virtual Finance Ltd 80 Main Street Alexandria West Dunbartonshire G83 0PB
- 3 -
PARK FARM STRENGTH & FITNESS LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,422 
3,791 
Tangible assets
129,325 
4,767 
131,747 
8,558 
Current assets
Cash at bank and in hand
14,532 
11,663 
Creditors: amounts falling due within one year
(135,304)
(6,223)
Net current (liabilities)/assets
(120,772)
5,440 
Net assets
10,975 
13,998 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
10,973 
13,996 
Shareholders' funds
10,975 
13,998 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
Jacayln Dunlop Director Company Registration No. SC738245
- 4 -
PARK FARM STRENGTH & FITNESS LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
PARK FARM STRENGTH & FITNESS LTD is a private company, limited by shares, registered in Scotland, registration number SC738245. The registered office is Park Farm , , Hurlawcrook Road, East Kilbride, G75 0QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 Years Straightline
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is provided for over 3 years straightline method.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
3,791 
At 31 July 2024
3,791 
Amortisation
At 1 August 2023
- 
Charge for the year
1,369 
At 31 July 2024
1,369 
Net book value
At 31 July 2024
2,422 
At 31 July 2023
3,791 
- 5 -
PARK FARM STRENGTH & FITNESS LTD Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
- 
4,903 
4,903 
Additions
100,000 
29,679 
129,679 
At 31 July 2024
100,000 
34,582 
134,582 
Depreciation
At 1 August 2023
- 
136 
136 
Charge for the year
- 
5,121 
5,121 
At 31 July 2024
- 
5,257 
5,257 
Net book value
At 31 July 2024
100,000 
29,325 
129,325 
At 31 July 2023
- 
4,767 
4,767 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
100,000 
- 
Obligations under finance leases and hire purchase contracts
33,117 
- 
Trade creditors
998 
- 
Taxes and social security
- 
2,170 
Loans from directors
1,189 
3,030 
Accruals
- 
1,023 
135,304 
6,223 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -