Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 07786642 Mr Colin Hall Mr Martin Skipp Mr Stephen Hall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07786642 2023-04-30 07786642 2024-04-30 07786642 2023-05-01 2024-04-30 07786642 frs-core:CurrentFinancialInstruments 2024-04-30 07786642 frs-core:Non-currentFinancialInstruments 2024-04-30 07786642 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 07786642 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 07786642 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 07786642 frs-core:MotorVehicles 2024-04-30 07786642 frs-core:MotorVehicles 2023-05-01 2024-04-30 07786642 frs-core:MotorVehicles 2023-04-30 07786642 frs-core:PlantMachinery 2024-04-30 07786642 frs-core:PlantMachinery 2023-05-01 2024-04-30 07786642 frs-core:PlantMachinery 2023-04-30 07786642 frs-core:WithinOneYear 2024-04-30 07786642 frs-core:ShareCapital 2024-04-30 07786642 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07786642 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07786642 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 07786642 frs-bus:SmallEntities 2023-05-01 2024-04-30 07786642 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07786642 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07786642 frs-bus:Director1 2023-05-01 2024-04-30 07786642 frs-bus:Director2 2023-05-01 2024-04-30 07786642 frs-bus:Director3 2023-05-01 2024-04-30 07786642 frs-countries:EnglandWales 2023-05-01 2024-04-30 07786642 2022-04-30 07786642 2023-04-30 07786642 2022-05-01 2023-04-30 07786642 frs-core:CurrentFinancialInstruments 2023-04-30 07786642 frs-core:Non-currentFinancialInstruments 2023-04-30 07786642 frs-core:WithinOneYear 2023-04-30 07786642 frs-core:ShareCapital 2023-04-30 07786642 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07786642
Ab Salute Gym Brentwood Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
S J Walker & Co
Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07786642
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 273,828 294,869
273,828 294,869
CURRENT ASSETS
Stocks 5 11,204 8,381
Debtors 6 544,627 424,179
Cash at bank and in hand 149,701 123,999
705,532 556,559
Creditors: Amounts Falling Due Within One Year 7 (136,021 ) (104,132 )
NET CURRENT ASSETS (LIABILITIES) 569,511 452,427
TOTAL ASSETS LESS CURRENT LIABILITIES 843,339 747,296
Creditors: Amounts Falling Due After More Than One Year 8 (40,866 ) (40,340 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (41,443 ) (45,219 )
NET ASSETS 761,030 661,737
CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Profit and Loss Account 759,030 659,737
SHAREHOLDERS' FUNDS 761,030 661,737
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For the year ending 30 April 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.
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Colin Hall
Director
30th September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Ab Salute Gym Brentwood Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07786642 . The registered office is 79 Wingletye Lane, Hornchurch, RM11 3AT.
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.
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 Nil
Equipment 25% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks 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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 11)
12 11
4. Tangible Assets
Land & Property
Leasehold Equipment Motor Vehicles Total
£ £ £ £
Cost
As at 1 May 2023 80,992 492,340 - 573,332
Additions - - 39,913 39,913
As at 30 April 2024 80,992 492,340 39,913 613,245
Depreciation
As at 1 May 2023 - 278,463 - 278,463
Provided during the period - 53,470 7,484 60,954
As at 30 April 2024 - 331,933 7,484 339,417
Net Book Value
As at 30 April 2024 80,992 160,407 32,429 273,828
As at 1 May 2023 80,992 213,877 - 294,869
5. Stocks
2024 2023
£ £
Stock 11,204 8,381
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 65,520 424,179
Amounts owed by group undertakings 479,107 -
544,627 424,179
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 66,063 40,613
VAT 19,298 25,974
Other creditors 45,809 32,695
Directors' loan accounts 4,851 4,850
136,021 104,132
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 40,866 40,340
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
10. Other Commitments
The following operating lease payments are committed to be paid within one year. The amounts are classified in accordance with the dates on which the relevant leases are due to expire :
2024 2023
£ £
Not later than one year 2,569 4,710
2,569 4,710
11. Related Party Transactions
C J Hall, M D Skipp & S D Hall are directors of Ab Salute Gym Brentwood Ltd. They are also directors of Ab Salute Gym Lakeside Ltd, Ab Salute Gym Bishop Ltd and Ab Salute Gym80 Ltd. C J Hall & M D Skipp are directors and shareholders of Ab Salute Gym Ltd, Ab Salute Cars Ltd and ASGC Retail Ltd and directors of Ab Salute Gym Romford Ltd. S D Hall is a shareholder of Ab Salute Gym Ltd.
As at 30th April 2024 Ab Salute Gym Ltd owed Ab Salute Gym Brentwood Ltd an amount of £96,446 including interest of £2,484 charged on the outstanding balance during the accounting period ended 30th April 2024.
As at 30th April 2023 Ab Salute Gym Lakeside Ltd owed Ab Salute Gym Brentwood Ltd an amount of £172,926 including interest of £3,884 charged on the outstanding balance during the accounting period ended 30th April 2023.
As at 30th April 2024 Ab Salute Gym Bishop Ltd owed Ab Salute Gym Brentwood Ltd an amount of £209,735 including interest of £6,192 charged on the outstanding balance during the accounting period ended 30th April 2024.
...CONTINUED
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11. Related Party Transactions - continued
As at 30th April 2024 Ab Salute Gym80 Ltd owed Ab Salute Gym Brentwood Ltd an amount of £50,369 including interest of £19 charged on the outstanding balance during the year ended 30th April 2024.
During the year ended 30th April 2024 Ab Salute Gym Brentwood Ltd paid rent of £64,300 to Ab Salute Gym Ltd.
The directors' loan account balance with the company as at 30th April 2024 was £4,850 (credit).
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