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REGISTERED NUMBER: 09601557 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Elite Dance And Fitness Studios Limited

Elite Dance And Fitness Studios Limited (Registered number: 09601557)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Elite Dance And Fitness Studios Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: E L Knox





REGISTERED OFFICE: M.01 Tomorrow, Blue
Mediacityuk
Salford
M50 2AB





REGISTERED NUMBER: 09601557 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

Elite Dance And Fitness Studios Limited (Registered number: 09601557)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,587 74,736

CURRENT ASSETS
Stocks 2,286 4,773
Debtors 5 97,602 84,365
Prepayments and accrued income 1,440 8,553
Cash at bank and in hand 17,137 1,109
118,465 98,800
CREDITORS
Amounts falling due within one year 6 34,028 39,555
NET CURRENT ASSETS 84,437 59,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,024

133,981

CREDITORS
Amounts falling due after more than one year 7 (31,333 ) (43,417 )

PROVISIONS FOR LIABILITIES (9,171 ) (10,331 )
NET ASSETS 112,520 80,233

RESERVES
Retained earnings 112,520 80,233
112,520 80,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Elite Dance And Fitness Studios Limited (Registered number: 09601557)

Statement of Financial Position - continued
31 May 2024


The 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.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





E L Knox - Director


Elite Dance And Fitness Studios Limited (Registered number: 09601557)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Elite Dance And Fitness Studios Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 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 £.

Turnover
Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. The company is not VAT registered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Elite Dance And Fitness Studios Limited (Registered number: 09601557)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 43,961 95,478 139,439
Additions - 6,788 6,788
At 31 May 2024 43,961 102,266 146,227
DEPRECIATION
At 1 June 2023 10,551 54,152 64,703
Charge for year 1,758 11,179 12,937
At 31 May 2024 12,309 65,331 77,640
NET BOOK VALUE
At 31 May 2024 31,652 36,935 68,587
At 31 May 2023 33,410 41,326 74,736

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 587
Other debtors 97,602 83,778
97,602 84,365

Elite Dance And Fitness Studios Limited (Registered number: 09601557)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 6,097 5,945
Hire purchase contracts 6,043 6,043
Trade creditors 5,954 7,085
Taxation and social security 12,101 14,461
Other creditors 3,833 6,021
34,028 39,555

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 8,370 14,411
Hire purchase contracts 22,963 29,006
31,333 43,417

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
E L Knox
Balance outstanding at start of year 62,516 56,474
Amounts advanced 53,587 18,679
Amounts repaid (41,108 ) (12,637 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74,995 62,516

J D Jones
Balance outstanding at start of year - (581 )
Amounts advanced - 893
Amounts repaid - (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No formal repayment terms have been agreed.