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Vibe Personal Training Studios Ltd
Registered Number:06802432
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Vibe Personal Training Studios Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06802432
As at 31 January 2024
Vibe Personal Training Studios Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
3,455
21,600
2
3,455
21,600
Trade and other payables: amounts falling due within one year
(15,394)
(22,446)
3
(15,394)
(22,446)
Net current liabilities
Total assets less current liabilities
(18,991)
6,206
Trade and other payables: amounts falling due after more than one
year
(12,958)
(5,962)
4
(24,953)
Net liabilities
(6,752)
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
(25,953)
(7,752)
(24,953)
(6,752)
Shareholders' funds
For the year ended 31 January 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 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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Neil Taylor Director
These financial statements were approved and authorised for issue by the Board on 30 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2024
Vibe Personal Training Studios Ltd
Notes to the Financial Statements
Statutory Information
Vibe Personal Training Studios Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06802432.
Registered address:
110 Watling Street
Affetside
Bury
BL8 3QJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Gym equipment
20% Reducing balance
20% Reducing balance
Office equipment
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 January 2024
Vibe Personal Training Studios Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Office
equipment
Fixtures and
fittings
Gym equipment
£
£
£
£
Cost or valuation
At 01 February 2023
53,925
480
906
52,539
775
-
-
775
Additions
-
-
(44,630)
Disposals
(44,630)
At 31 January 2024
8,684
906
480
10,070
Provision for depreciation and impairment
At 01 February 2023
32,325
362
886
31,077
Charge for year
864
23
5
836
(26,574)
-
-
(26,574)
On disposal
At 31 January 2024
6,615
385
891
5,339
At 31 January 2024
Net book value
3,345
15
95
3,455
At 31 January 2023
21,462
20
118
21,600
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
7,860
7,908
Taxation and social security
9
274
Other creditors
14,577
7,212
22,446
15,394
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
3,863
4,870
Other creditors
2,099
8,088
5,962
12,958
5. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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