Company Registration No. 11890234 (England and Wales)
Live Fit Gym Limited
Unaudited accounts
for the year ended 30 June 2024
Live Fit Gym Limited
Unaudited accounts
Contents
Live Fit Gym Limited
Statement of financial position
as at 30 June 2024
Intangible assets
176
1,919
Tangible assets
29,194
140
Cash at bank and in hand
25,464
37,064
Creditors: amounts falling due within one year
(64,225)
(37,516)
Net current assets
4,526
34,748
Total assets less current liabilities
33,896
36,807
Creditors: amounts falling due after more than one year
(27,274)
(33,888)
Provisions for liabilities
Called up share capital
200
200
Profit and loss account
3,255
2,655
Shareholders' funds
3,455
2,855
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by
J Cardy
Director
Company Registration No. 11890234
Live Fit Gym Limited
Notes to the Accounts
for the year ended 30 June 2024
Live Fit Gym Limited is a private company, limited by shares, registered in England and Wales, registration number 11890234. The registered office is NEEDHAM MARKET BUSINESS SUITES, STATION YARD, NEEDHAM MARKET, IPSWICH, SUFFOLK, IP6 8AS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Live Fit Gym Limited
Notes to the Accounts
for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
40,172
5,231
1,250
46,653
Additions
31,078
-
190
31,268
At 30 June 2024
71,250
5,231
1,440
77,921
At 1 July 2023
40,172
5,231
1,110
46,513
Charge for the year
1,884
-
330
2,214
At 30 June 2024
42,056
5,231
1,440
48,727
At 30 June 2024
29,194
-
-
29,194
At 30 June 2023
-
-
140
140
Amounts falling due within one year
Accrued income and prepayments
12,429
-
Other debtors
30,858
35,200
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,064
5,556
Taxes and social security
17,407
8,937
Loans from directors
35,600
22,173
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).