PTP Accounts Production v24.3.0.553 07921586 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079215862023-01-31079215862024-01-31079215862023-02-012024-01-31079215862022-01-31079215862022-02-012023-01-31079215862023-01-3107921586ns15:EnglandWales2023-02-012024-01-3107921586ns14:PoundSterling2023-02-012024-01-3107921586ns10:Director12023-02-012024-01-3107921586ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107921586ns10:SmallEntities2023-02-012024-01-3107921586ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3107921586ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107921586ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107921586ns10:FullAccounts2023-02-012024-01-3107921586ns10:Director22023-02-012024-01-3107921586ns10:Director32023-02-012024-01-3107921586ns10:Director42023-02-012024-01-3107921586ns10:RegisteredOffice2023-02-012024-01-3107921586ns5:CurrentFinancialInstruments2024-01-3107921586ns5:CurrentFinancialInstruments2023-01-3107921586ns5:Non-currentFinancialInstruments2024-01-3107921586ns5:Non-currentFinancialInstruments2023-01-3107921586ns5:ShareCapital2024-01-3107921586ns5:ShareCapital2023-01-3107921586ns5:RetainedEarningsAccumulatedLosses2024-01-3107921586ns5:RetainedEarningsAccumulatedLosses2023-01-3107921586ns5:LandBuildings2023-02-012024-01-3107921586ns5:PlantMachinery2023-02-012024-01-3107921586ns5:LandBuildings2023-01-3107921586ns5:PlantMachinery2023-01-3107921586ns5:LandBuildings2024-01-3107921586ns5:PlantMachinery2024-01-3107921586ns5:LandBuildings2023-01-3107921586ns5:PlantMachinery2023-01-3107921586ns5:CostValuation2023-01-3107921586ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3107921586ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3107921586ns5:Secured2024-01-3107921586ns5:Secured2023-01-3107921586ns10:Director332023-01-3107921586ns10:Director332022-01-3107921586ns10:Director332023-02-012024-01-3107921586ns10:Director332022-02-012023-01-3107921586ns10:Director332024-01-3107921586ns10:Director332023-01-31
REGISTERED NUMBER: 07921586 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

New Energy Fitness Ltd

New Energy Fitness Ltd (Registered number: 07921586)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Energy Fitness Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M K Cresswell
K J Cresswell
Ms H Moseley
Ms L M Spruce





REGISTERED OFFICE: Friary House
36 Middle Brook Street
Winchester
Hampshire
SO23 8DQ





REGISTERED NUMBER: 07921586 (England and Wales)





ACCOUNTANT: Tony Brown Accountancy Solutions Limited
Chartered Accountants
Basepoint Business Centre
1 Winnall Valley Road
Winnall
Winchester
Hampshire
SO23 0LD

New Energy Fitness Ltd (Registered number: 07921586)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,704 122,054
Investments 5 100 100
131,804 122,154

CURRENT ASSETS
Debtors 6 54,423 51,705
Cash at bank and in hand 4,187 92
58,610 51,797
CREDITORS
Amounts falling due within one year 7 159,270 198,968
NET CURRENT LIABILITIES (100,660 ) (147,171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,144

(25,017

)

CREDITORS
Amounts falling due after more than one year 8 39,500 39,637
NET LIABILITIES (8,356 ) (64,654 )

CAPITAL AND RESERVES
Called up share capital 280,000 280,000
Retained earnings (288,356 ) (344,654 )
(8,356 ) (64,654 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

New Energy Fitness Ltd (Registered number: 07921586)

Balance Sheet - continued
31 January 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 26 October 2024 and were signed on its behalf by:





K J Cresswell - Director


New Energy Fitness Ltd (Registered number: 07921586)

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

1. STATUTORY INFORMATION

New Energy Fitness Ltd 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about New Energy Fitness Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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 - at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


New Energy Fitness Ltd (Registered number: 07921586)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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 1 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 165,874 267,136 433,010
Additions - 39,829 39,829
At 31 January 2024 165,874 306,965 472,839
DEPRECIATION
At 1 February 2023 101,242 209,714 310,956
Charge for year 11,181 18,998 30,179
At 31 January 2024 112,423 228,712 341,135
NET BOOK VALUE
At 31 January 2024 53,451 78,253 131,704
At 31 January 2023 64,632 57,422 122,054

New Energy Fitness Ltd (Registered number: 07921586)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 100
NET BOOK VALUE
At 31 January 2024 100
At 31 January 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 155 835
Other debtors 54,268 50,870
54,423 51,705

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 17,137 55,198
Trade creditors 10,924 24,975
Amounts owed to group undertakings 29,897 20,047
Taxation and social security 30,648 23,329
Other creditors 70,664 75,419
159,270 198,968

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,000 13,137
Other creditors 26,500 26,500
39,500 39,637

New Energy Fitness Ltd (Registered number: 07921586)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank overdraft - 18,194
Bank loans 30,137 50,141
30,137 68,335

The secured debts are secured on the assets of the company.

10. OTHER FINANCIAL COMMITMENTS

The company has provided a guarantee for the rent payable by its subsidiary New Energy Yoga Ltd. The financial commitments outstanding at the year end were £236,833 (2023 £265,833).

There are other financial commitment outstanding at the year end of £340,128 (2023 £425,160)

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Ms H Moseley
Balance outstanding at start of year 159 156
Amounts advanced 335 3
Amounts repaid (311 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 183 159

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party