2023-02-012024-01-312024-01-31false10569408SUPERSONIC FITNESS 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SUPERSONIC FITNESS LIMITED

Registered Number
10569408
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

SUPERSONIC FITNESS LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

SADLER, Nicholas Giles Ingram
SADLER, Sarah Jane

Registered Address

Oyster Hill Forge Clay Lane
Headley
Epsom
KT18 6JX

Place of Business

Gibraltar House

Govett Avenue

Shepperton

TW17 8AB


Registered Number

10569408 (England and Wales)
SUPERSONIC FITNESS LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3250,0001,184,208
250,0001,184,208
Current assets
Debtors21,98131,299
Cash at bank and on hand5626,767
22,54338,066
Creditors amounts falling due within one year4(2,434,532)(2,496,877)
Net current assets (liabilities)(2,411,989)(2,458,811)
Total assets less current liabilities(2,161,989)(1,274,603)
Creditors amounts falling due after one year-(400,000)
Net assets(2,161,989)(1,674,603)
Capital and reserves
Called up share capital229229
Profit and loss account(2,162,218)(1,674,832)
Shareholders' funds(2,161,989)(1,674,603)
The financial statements were approved and authorised for issue by the Board of Directors on 16 October 2024, and are signed on its behalf by:
SADLER, Sarah Jane
Director
Registered Company No. 10569408
SUPERSONIC FITNESS LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The company has ceased trading but the continues to adopt the going concern basis of accounting for the preparation of its financial statements whilst the directors evaluate future options.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year118
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 231,538,842
Additions240,979
Disposals(1,529,821)
At 31 January 24250,000
Depreciation and impairment
At 01 February 23354,634
On disposals(354,634)
Net book value
At 31 January 24250,000
At 31 January 231,184,208
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables604,965714,539
Bank borrowings and overdrafts139,628218,325
Amounts owed to related parties1,584,2461,373,480
Taxation and social security73,863129,255
Finance lease and HP contracts-28,368
Other creditors31,83032,910
Total2,434,5322,496,877
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Other commitments
Financial commitments, above those disclosed in the balance sheet, were £Nil as at 31 January 2024 (31 January 2023 £50,000)