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REGISTERED NUMBER: 08016200 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

24 HOUR ACTIVE LIMITED

24 HOUR ACTIVE LIMITED (Registered number: 08016200)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


24 HOUR ACTIVE LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E Guarino
D M Stephen
Mrs D A Stephen
Mrs M Guarino





SECRETARY: Mrs M Guarino





REGISTERED OFFICE: 1 Cottage Farm Way
Speen
Princess Risborough
Buckinghamshire
HP27 ORQ





REGISTERED NUMBER: 08016200 (England and Wales)






24 HOUR ACTIVE LIMITED (Registered number: 08016200)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 51,520 38,532
51,520 38,532

CURRENT ASSETS
Debtors 6 5,562 36,896
Cash at bank 186,524 147,417
192,086 184,313
CREDITORS
Amounts falling due within one year 7 117,930 112,405
NET CURRENT ASSETS 74,156 71,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,676

110,440

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 125,576 110,340
SHAREHOLDERS' FUNDS 125,676 110,440

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

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

The directors acknowledge their 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.

24 HOUR ACTIVE LIMITED (Registered number: 08016200)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:




E Guarino - Director



D M Stephen - Director


24 HOUR ACTIVE LIMITED (Registered number: 08016200)

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

1. STATUTORY INFORMATION

24 HOUR ACTIVE 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - in accordance with the property
Plant and machinery etc - 25% on cost

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 balance sheet date.


24 HOUR ACTIVE LIMITED (Registered number: 08016200)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 21,000
AMORTISATION
At 1 April 2023
and 31 March 2024 21,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

24 HOUR ACTIVE LIMITED (Registered number: 08016200)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 210,168 244,580 454,748
Additions - 36,099 36,099
At 31 March 2024 210,168 280,679 490,847
DEPRECIATION
At 1 April 2023 171,637 244,579 416,216
Charge for year 14,011 9,100 23,111
At 31 March 2024 185,648 253,679 439,327
NET BOOK VALUE
At 31 March 2024 24,520 27,000 51,520
At 31 March 2023 38,531 1 38,532

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 2,146
Other debtors 5,562 34,750
5,562 36,896

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 50,000 70,000
Trade creditors 16,926 4,396
Taxation and social security 9,350 20,952
Other creditors 41,654 17,057
117,930 112,405

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 50,000 70,000

Mortgage Charge secured on company assets

24 HOUR ACTIVE LIMITED (Registered number: 08016200)

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

9. ULTIMATE CONTROLLING PARTY

The controlling party is Galaxy Leisure Limited.

All Directors have shareholdings in the Holding Company