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REGISTERED NUMBER: 12338058 (England and Wales)














PROFESSIONAL FITNESS COACHES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






PROFESSIONAL FITNESS COACHES LIMITED (REGISTERED NUMBER: 12338058)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PROFESSIONAL FITNESS COACHES LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: O T V Marchon
J W Robinson





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 12338058 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

PROFESSIONAL FITNESS COACHES LIMITED (REGISTERED NUMBER: 12338058)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 15,431 24,865
Tangible assets 6 10,972 11,287
26,403 36,152

CURRENT ASSETS
Debtors 7 36,965 26,000
Cash at bank and in hand 200,296 76,051
237,261 102,051
CREDITORS
Amounts falling due within one year 8 243,102 108,336
NET CURRENT LIABILITIES (5,841 ) (6,285 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,562

29,867

CREDITORS
Amounts falling due after more than one
year

9

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES (2,743 ) (2,145 )
NET ASSETS 319 222

CAPITAL AND RESERVES
Called up, paid and allotted share capital 8 8
Retained earnings 311 214
SHAREHOLDERS' FUNDS 319 222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PROFESSIONAL FITNESS COACHES LIMITED (REGISTERED NUMBER: 12338058)

STATEMENT OF FINANCIAL POSITION - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:




O T V Marchon - Director



J W Robinson - Director


PROFESSIONAL FITNESS COACHES LIMITED (REGISTERED NUMBER: 12338058)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Professional Fitness Coaches Limited 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

PROFESSIONAL FITNESS COACHES LIMITED (REGISTERED NUMBER: 12338058)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 July 2023 111,601
Additions 9,040
At 30 June 2024 120,641
AMORTISATION
At 1 July 2023 86,736
Amortisation for year 18,474
At 30 June 2024 105,210
NET BOOK VALUE
At 30 June 2024 15,431
At 30 June 2023 24,865

6. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 July 2023 17,285
Additions 5,345
At 30 June 2024 22,630
DEPRECIATION
At 1 July 2023 5,998
Charge for year 5,660
At 30 June 2024 11,658
NET BOOK VALUE
At 30 June 2024 10,972
At 30 June 2023 11,287

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 36,965 26,000

PROFESSIONAL FITNESS COACHES LIMITED (REGISTERED NUMBER: 12338058)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 29,378
Taxation and social security 94,795 53,774
Other creditors 138,307 15,184
243,102 108,336

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,500 27,500

10. RELATED PARTY DISCLOSURES

The directors operate a loan account with the company. During the year, loans in aggregate of £1,170 were repaid by the company. At the year end, the director was owed £NIL.