Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 30 April 2024 30 April 2024 08450893 Mr Colin Hall Mr Martin Skipp Mr Stephen Hall Mr Paul Summers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08450893 2023-07-31 08450893 2024-04-30 08450893 2023-08-01 2024-04-30 08450893 frs-core:CurrentFinancialInstruments 2024-04-30 08450893 frs-core:Non-currentFinancialInstruments 2024-04-30 08450893 frs-core:BetweenOneFiveYears 2024-04-30 08450893 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 08450893 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-04-30 08450893 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 08450893 frs-core:MotorVehicles 2024-04-30 08450893 frs-core:MotorVehicles 2023-08-01 2024-04-30 08450893 frs-core:MotorVehicles 2023-07-31 08450893 frs-core:PlantMachinery 2024-04-30 08450893 frs-core:PlantMachinery 2023-08-01 2024-04-30 08450893 frs-core:PlantMachinery 2023-07-31 08450893 frs-core:WithinOneYear 2024-04-30 08450893 frs-core:ShareCapital 2024-04-30 08450893 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08450893 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-04-30 08450893 frs-bus:AbridgedAccounts 2023-08-01 2024-04-30 08450893 frs-bus:SmallEntities 2023-08-01 2024-04-30 08450893 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-04-30 08450893 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-04-30 08450893 frs-bus:Director1 2023-08-01 2024-04-30 08450893 frs-bus:Director2 2023-08-01 2024-04-30 08450893 frs-bus:Director3 2023-08-01 2024-04-30 08450893 frs-bus:Director4 2023-08-01 2024-04-30 08450893 frs-countries:EnglandWales 2023-08-01 2024-04-30 08450893 2022-07-31 08450893 2023-07-31 08450893 2022-08-01 2023-07-31 08450893 frs-core:CurrentFinancialInstruments 2023-07-31 08450893 frs-core:Non-currentFinancialInstruments 2023-07-31 08450893 frs-core:BetweenOneFiveYears 2023-07-31 08450893 frs-core:MotorVehicles 2022-08-01 2023-07-31 08450893 frs-core:WithinOneYear 2023-07-31 08450893 frs-core:ShareCapital 2023-07-31 08450893 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 08450893
Ab Salute Gym Lakeside Ltd
Unaudited ABRIDGED Financial Statements
For the Period 1 August 2023 to 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: 08450893
30 April 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 770,645 863,970
770,645 863,970
CURRENT ASSETS
Stocks 21,728 32,621
Debtors 5 398,168 325,736
Cash at bank and in hand 107,967 134,550
527,863 492,907
Creditors: Amounts Falling Due Within One Year 6 (689,168 ) (726,040 )
NET CURRENT ASSETS (LIABILITIES) (161,305 ) (233,133 )
TOTAL ASSETS LESS CURRENT LIABILITIES 609,340 630,837
Creditors: Amounts Falling Due After More Than One Year 7 - (61,463 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (41,417 ) (59,895 )
NET ASSETS 567,923 509,479
CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Profit and Loss Account 565,923 507,479
SHAREHOLDERS' FUNDS 567,923 509,479
Page 1
Page 2
For the period 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 6 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Ab Salute Gym Lakeside Ltd Registered number 08450893 is a limited by shares company incorporated in England & Wales. 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 23)
23 23
4. Tangible Assets
Land & Property
Leasehold Equipment Motor Vehicles Total
£ £ £ £
Cost
As at 1 August 2023 535,583 1,292,426 39,913 1,867,922
Disposals - - (39,913 ) (39,913 )
As at 30 April 2024 535,583 1,292,426 - 1,828,009
Depreciation
As at 1 August 2023 - 1,003,120 832 1,003,952
Provided during the period - 54,244 - 54,244
Disposals - - (832 ) (832 )
As at 30 April 2024 - 1,057,364 - 1,057,364
Net Book Value
As at 30 April 2024 535,583 235,062 - 770,645
As at 1 August 2023 535,583 289,306 39,081 863,970
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
30 April 2024 31 July 2023
£ £
Motor Vehicles - 39,081
5. Debtors
30 April 2024 31 July 2023
£ £
Due within one year
Other debtors 99,418 325,736
Amounts owed by group undertakings 298,750 -
398,168 325,736
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6. Creditors: Amounts Falling Due Within One Year
30 April 2024 31 July 2023
£ £
Net obligations under finance lease and hire purchase contracts - 9,853
Trade creditors (1 ) -
Other loans 69,350 142,570
Corporation tax 116,382 53,489
Other taxes and social security - 322
VAT 36,753 43,427
Other creditors 33,162 284,951
Directors' loan accounts 191,752 191,428
Amounts owed to group undertakings 241,770 -
689,168 726,040
7. Creditors: Amounts Falling Due After More Than One Year
30 April 2024 31 July 2023
£ £
Net obligations under finance lease and hire purchase contracts - 29,559
Other loans - 31,904
- 61,463
8. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
30 April 2024 31 July 2023
£ £
Other timing differences 41,417 59,895
9. Share Capital
30 April 2024 31 July 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as follows :-
30 April 2024 31 July 2023
£ £
Not later than one year 6,970 -
Later than one year and not later than five years 29,610 17,942
36,580 17,942
11. Related Party Transactions
C J Hall, M D Skipp, S D Hall and P J Summers are directors of Ab Salute Gym Lakeside Ltd. They are also directors of Ab Salute Gym Bishop Ltd and Ab Salute Gym80 Ltd. C J Hall, M D Skipp and S D Hall are directors of Ab Salute Gym Brentwood Ltd and C J Hall and M D Skipp are directors and shareholders of Ab Salute Gym Ltd, Ab Salute Cars Ltd and ASGC Retail Ltd. C J Hall and M D Skipp are directors of Ab Salute Gym Romford Ltd. S D Hall and P J Summers are shareholders of Ab Salute Gym Ltd.
During the period ended 30th April 2024 Ab Salute Gym Ltd charged Ab Salute Gym Lakeside Ltd rent of £257,973. 
As at 30th April 2024 Ab Salute Gym Lakeside Ltd owed Ab Salute Gym Ltd an amount of £68,844 including interest of £2,500 charged on the outstanding balance during the accounting period ended 30th April 2024. 
As at 30th April 2024 Ab Salute Gym Lakeside Ltd owed Ab Salute Gym Ltd Brentwood Ltd £172,926 including interest of £3,425 charged on the outstanding balance during the accounting period ended 30th April 2024.
As at 30th April 2024 Ab Salute Gym Bishop Ltd owed Ab Salute Gym Lakeside Ltd an amount of £297,288 including interest of £6,473 charged on the outstanding balance during the accounting period ended 30th April 2024.
As at 30th April 2024 Ab Salute Gym Romford Ltd owed Ab Salute Gym Lakeside Ltd an amount of £1,462 including interest of £22 charged on the outstanding balance during the accounting period ended 30th April 2024.
As at 30th April 2024 Ab Salute Gym80 Ltd owed Ab Salute Gym Lakeside Ltd an amount of £68,883 including interest of £156 charged on the outstanding balance during the accounting period ended 30th April 2024.
The directors' loan account balance with the company as at 30th April 2024 was £191,753 (credit).
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