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REGISTERED NUMBER: 11338640 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Fit Bodies Gym & Fitness Ltd

Fit Bodies Gym & Fitness Ltd (Registered number: 11338640)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Fit Bodies Gym & Fitness Ltd (Registered number: 11338640)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,977 73,434

CURRENT ASSETS
Stocks 250 250
Debtors 5 2,351 -
Cash at bank 33,939 12,607
36,540 12,857
CREDITORS
Amounts falling due within one year 6 30,018 20,128
NET CURRENT ASSETS/(LIABILITIES) 6,522 (7,271 )
TOTAL ASSETS LESS CURRENT LIABILITIES 66,499 66,163

CREDITORS
Amounts falling due after more than one year 7 (4,196 ) (40,622 )

PROVISIONS FOR LIABILITIES (11,728 ) (1,917 )
NET ASSETS 50,575 23,624

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,475 23,524
SHAREHOLDERS' FUNDS 50,575 23,624

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 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.

Fit Bodies Gym & Fitness Ltd (Registered number: 11338640)

Balance Sheet - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:




Mr T Lawrie - Director



Mr D Stanton - Director


Fit Bodies Gym & Fitness Ltd (Registered number: 11338640)

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

1. STATUTORY INFORMATION

Fit Bodies Gym & Fitness Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11338640

Registered office: Gymnasium
Cross Street
Leek
ST13 6BL

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 Profit and Loss Account, 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.

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.

Fit Bodies Gym & Fitness Ltd (Registered number: 11338640)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 109,223 4,730 647 114,600
Additions 8,335 - - 8,335
Disposals (2,400 ) - - (2,400 )
At 31 May 2024 115,158 4,730 647 120,535
DEPRECIATION
At 1 June 2023 39,821 1,183 162 41,166
Charge for year 18,984 887 121 19,992
Eliminated on disposal (600 ) - - (600 )
At 31 May 2024 58,205 2,070 283 60,558
NET BOOK VALUE
At 31 May 2024 56,953 2,660 364 59,977
At 31 May 2023 69,402 3,547 485 73,434

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,078 -
Other debtors 273 -
2,351 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,876 4,876
Trade creditors 11,302 5,075
Taxation and social security 12,140 8,477
Other creditors 1,700 1,700
30,018 20,128

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,219 6,095
Other creditors 2,977 34,527
4,196 40,622

Fit Bodies Gym & Fitness Ltd (Registered number: 11338640)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 6,095 10,971

Hire purchase contracts are secured against the asset to which they relate.