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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
Page
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Live Fit Gym Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
176 
1,919 
Tangible assets
29,194 
140 
29,370 
2,059 
Current assets
Debtors
43,287 
35,200 
Cash at bank and in hand
25,464 
37,064 
68,751 
72,264 
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
Deferred tax
(3,167)
(64)
Net assets
3,455 
2,855 
Capital and reserves
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
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Live Fit Gym Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
5,231 
At 30 June 2024
5,231 
Amortisation
At 1 July 2023
3,312 
Charge for the year
1,743 
At 30 June 2024
5,055 
Net book value
At 30 June 2024
176 
At 30 June 2023
1,919 
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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 
Depreciation
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 
Net book value
At 30 June 2024
29,194 
- 
- 
29,194 
At 30 June 2023
- 
- 
140 
140 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
12,429 
- 
Other debtors
30,858 
35,200 
43,287 
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 
Other creditors
5,154 
850 
Loans from directors
35,600 
22,173 
64,225 
37,516 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,274 
33,888 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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