Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09124196 S Elliott-Smith H Elliott-Smith S Baker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09124196 2022-12-31 09124196 2023-12-31 09124196 2023-01-01 2023-12-31 09124196 frs-core:CurrentFinancialInstruments 2023-12-31 09124196 frs-core:Non-currentFinancialInstruments 2023-12-31 09124196 frs-core:ComputerEquipment 2023-12-31 09124196 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09124196 frs-core:ComputerEquipment 2022-12-31 09124196 frs-core:FurnitureFittings 2023-12-31 09124196 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09124196 frs-core:FurnitureFittings 2022-12-31 09124196 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09124196 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 09124196 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 09124196 frs-core:ShareCapital 2023-12-31 09124196 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09124196 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09124196 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09124196 frs-bus:SmallEntities 2023-01-01 2023-12-31 09124196 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09124196 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09124196 frs-bus:Director1 2023-01-01 2023-12-31 09124196 frs-bus:Director2 2023-01-01 2023-12-31 09124196 frs-bus:Director3 2023-01-01 2023-12-31 09124196 frs-countries:EnglandWales 2023-01-01 2023-12-31 09124196 2021-12-31 09124196 2022-12-31 09124196 2022-01-01 2022-12-31 09124196 frs-core:CurrentFinancialInstruments 2022-12-31 09124196 frs-core:Non-currentFinancialInstruments 2022-12-31 09124196 frs-core:ShareCapital 2022-12-31 09124196 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09124196
Linear Health & Fitness Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09124196
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,226 29,346
20,226 29,346
CURRENT ASSETS
Debtors 5 1,403 7,351
Cash at bank and in hand 1,568 1,584
2,971 8,935
Creditors: Amounts Falling Due Within One Year 6 (205,725 ) (190,534 )
NET CURRENT ASSETS (LIABILITIES) (202,754 ) (181,599 )
TOTAL ASSETS LESS CURRENT LIABILITIES (182,528 ) (152,253 )
Creditors: Amounts Falling Due After More Than One Year 7 (24,194 ) (28,528 )
NET LIABILITIES (206,722 ) (180,781 )
CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Profit and Loss Account (207,922 ) (181,981 )
SHAREHOLDERS' FUNDS (206,722) (180,781)
Page 1
Page 2
For the year ending 31 December 2023 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.
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
S Elliott-Smith
Director
25 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Linear Health & Fitness Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09124196 . The registered office is Marine House, 151 Western Road, Haywards Heath, West Sussex, RH16 3LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 10% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 4)
3 4
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 89,241 34,086 5,591 128,918
Additions - 1,288 - 1,288
As at 31 December 2023 89,241 35,374 5,591 130,206
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 January 2023 62,469 31,660 5,443 99,572
Provided during the period 8,924 1,336 148 10,408
As at 31 December 2023 71,393 32,996 5,591 109,980
Net Book Value
As at 31 December 2023 17,848 2,378 - 20,226
As at 1 January 2023 26,772 2,426 148 29,346
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,403 1,654
Other debtors - 5,697
1,403 7,351
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,048 6,021
Bank loans and overdrafts 4,333 4,333
Other creditors 191,825 175,804
Taxation and social security 5,519 4,376
205,725 190,534
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 24,194 28,528
Page 4