IRIS Accounts Production v24.3.0.553 07930196 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079301962023-01-31079301962024-01-31079301962023-02-012024-01-31079301962022-01-31079301962022-02-012023-01-31079301962023-01-3107930196ns15:EnglandWales2023-02-012024-01-3107930196ns14:PoundSterling2023-02-012024-01-3107930196ns10:Director12023-02-012024-01-3107930196ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107930196ns10:SmallEntities2023-02-012024-01-3107930196ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3107930196ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107930196ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107930196ns10:FullAccounts2023-02-012024-01-3107930196ns10:OrdinaryShareClass12023-02-012024-01-3107930196ns10:Director22023-02-012024-01-3107930196ns10:RegisteredOffice2023-02-012024-01-3107930196ns5:CurrentFinancialInstruments2024-01-3107930196ns5:CurrentFinancialInstruments2023-01-3107930196ns5:Non-currentFinancialInstruments2024-01-3107930196ns5:Non-currentFinancialInstruments2023-01-3107930196ns5:ShareCapital2024-01-3107930196ns5:ShareCapital2023-01-3107930196ns5:RetainedEarningsAccumulatedLosses2024-01-3107930196ns5:RetainedEarningsAccumulatedLosses2023-01-3107930196ns5:PlantMachinery2023-02-012024-01-3107930196ns5:FurnitureFittings2023-02-012024-01-3107930196ns5:PlantMachinery2023-01-3107930196ns5:FurnitureFittings2023-01-3107930196ns5:ComputerEquipment2023-01-3107930196ns5:ComputerEquipment2023-02-012024-01-3107930196ns5:PlantMachinery2024-01-3107930196ns5:FurnitureFittings2024-01-3107930196ns5:ComputerEquipment2024-01-3107930196ns5:PlantMachinery2023-01-3107930196ns5:FurnitureFittings2023-01-3107930196ns5:ComputerEquipment2023-01-3107930196ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3107930196ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3107930196ns10:OrdinaryShareClass12024-01-3107930196ns5:RetainedEarningsAccumulatedLosses2023-01-3107930196ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31079301961ns10:Director12023-01-31079301961ns10:Director12022-01-31079301961ns10:Director12023-02-012024-01-31079301961ns10:Director12022-02-012023-01-31079301961ns10:Director12024-01-31079301961ns10:Director12023-01-31
REGISTERED NUMBER: 07930196 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st January 2024

for

Major Fitness Solutions Ltd

Major Fitness Solutions Ltd (Registered number: 07930196)






Contents of the Financial Statements
For The Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Major Fitness Solutions Ltd

Company Information
For The Year Ended 31st January 2024







DIRECTORS: N D Colby-Major
Mrs H S Colby-Major





REGISTERED OFFICE: 125 Larch Grove
Bletchley
Milton Keynes
Buckinghamshire
MK2 2LQ





REGISTERED NUMBER: 07930196 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Major Fitness Solutions Ltd (Registered number: 07930196)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,644 3,360

CURRENT ASSETS
Debtors 5 18,894 8,765

CREDITORS
Amounts falling due within one year 6 12,749 12,309
NET CURRENT ASSETS/(LIABILITIES) 6,145 (3,544 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,789

(184

)

CREDITORS
Amounts falling due after more than one
year

7

22,495

22,917
NET LIABILITIES (13,706 ) (23,101 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (13,806 ) (23,201 )
SHAREHOLDERS' FUNDS (13,706 ) (23,101 )

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

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

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 and authorised for issue by the Board of Directors and authorised for issue on 22nd October 2024 and were signed on its behalf by:



N D Colby-Major - Director


Major Fitness Solutions Ltd (Registered number: 07930196)

Notes to the Financial Statements
For The Year Ended 31st January 2024

1. STATUTORY INFORMATION

Major Fitness Solutions 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.

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.

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.
Plant and machinery - 33% on reducing balance
Equipment - 33% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Major Fitness Solutions Ltd (Registered number: 07930196)

Notes to the Financial Statements - continued
For The Year Ended 31st January 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery Equipment equipment Totals
£    £    £    £   
COST
At 1st February 2023
and 31st January 2024 799 18,686 3,138 22,623
DEPRECIATION
At 1st February 2023 540 16,014 2,709 19,263
Charge for year 39 534 143 716
At 31st January 2024 579 16,548 2,852 19,979
NET BOOK VALUE
At 31st January 2024 220 2,138 286 2,644
At 31st January 2023 259 2,672 429 3,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Directors' current accounts 18,894 8,765

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 614 570
Trade creditors 10,998 10,343
Tax 131 -
VAT 107 678
Accrued expenses 899 718
12,749 12,309

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans more 5 yr by instal 22,495 22,917

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,495 22,917

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary Shares £1 100 100

Major Fitness Solutions Ltd (Registered number: 07930196)

Notes to the Financial Statements - continued
For The Year Ended 31st January 2024

9. RESERVES
Retained
earnings
£   

At 1st February 2023 (23,201 )
Profit for the year 9,395
At 31st January 2024 (13,806 )

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.1.24 31.1.23
£    £   
N D Colby-Major
Balance outstanding at start of year 8,765 13,758
Amounts advanced 10,129 -
Amounts repaid - (4,993 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,894 8,765

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Major Fitness Solutions Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Major Fitness Solutions Ltd for the year ended 31st January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Major Fitness Solutions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Major Fitness Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Major Fitness Solutions Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Major Fitness Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Major Fitness Solutions Ltd. You consider that Major Fitness Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Major Fitness Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 22nd October 2024