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REGISTERED NUMBER: 12582689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

FERVID FITNESS LTD

FERVID FITNESS LTD (REGISTERED NUMBER: 12582689)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FERVID FITNESS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr S Thomas
Mrs C L Thomas





REGISTERED OFFICE: Unit K Holywell Road
Flint Retail Park
Flint
CH6 5GB





REGISTERED NUMBER: 12582689 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

FERVID FITNESS LTD (REGISTERED NUMBER: 12582689)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,585 195,272

CURRENT ASSETS
Debtors 5 1,546 10,095
Cash at bank 2,045 1,293
3,591 11,388
CREDITORS
Amounts falling due within one year 6 74,777 103,545
NET CURRENT LIABILITIES (71,186 ) (92,157 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,399

103,115

CREDITORS
Amounts falling due after more than one year 7 (88,238 ) (97,339 )

PROVISIONS FOR LIABILITIES (1,792 ) -
NET ASSETS 54,369 5,776

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 54,368 5,775
54,369 5,776

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:



Mr S Thomas - Director


FERVID FITNESS LTD (REGISTERED NUMBER: 12582689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Fervid Fitness Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 12582689 and its registered office address is at Unit K, Holywell Road, Flint Retail Park, Flint, CH6 5GB.

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 etc - 33% on cost, 20% on cost and 10% on 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.

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 8 (2023 - 8 ) .

FERVID FITNESS LTD (REGISTERED NUMBER: 12582689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 242,092
Additions 65,377
At 31 May 2024 307,469
DEPRECIATION
At 1 June 2023 46,820
Charge for year 45,064
At 31 May 2024 91,884
NET BOOK VALUE
At 31 May 2024 215,585
At 31 May 2023 195,272

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 1,546 10,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 9,101 8,298
Taxation and social security 16,927 25,771
Other creditors 48,749 69,476
74,777 103,545

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 88,238 97,339

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 42,472 54,499

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 49,944 40,433
Between one and five years 226,407 219,351
In more than five years 425,705 482,704
702,056 742,488

FERVID FITNESS LTD (REGISTERED NUMBER: 12582689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 97,339 105,637

Reporting entity bank borrowings are secured by a fixed and floating charge dated 5 January 2022.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Thomas.