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Registered number: 12474976
Barbatta Fitness Limited
Financial Statements
For The Year Ended 25 February 2024
Accountants-E-Services Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12474976
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 862,495 865,799
862,495 865,799
CURRENT ASSETS
Debtors 5 25,967 7,336
Cash at bank and in hand - 1
25,967 7,337
Creditors: Amounts Falling Due Within One Year 6 (202,750 ) (170,974 )
NET CURRENT ASSETS (LIABILITIES) (176,783 ) (163,637 )
TOTAL ASSETS LESS CURRENT LIABILITIES 685,712 702,162
Creditors: Amounts Falling Due After More Than One Year 7 (85,968 ) (173,757 )
NET ASSETS 599,744 528,405
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 599,742 528,403
SHAREHOLDERS' FUNDS 599,744 528,405
Page 1
Page 2
For the year ending 25 February 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr J V Hole
Director
1 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Barbatta Fitness Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12474976 . The registered office is Axis 8 Axis Court Mallard Way, Riverside Business Park, Swansea, SA7 0AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5% Reducing Balance
Plant & Machinery 5% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 26 February 2023 408,910 584,523 993,433
Additions - 42,090 42,090
As at 25 February 2024 408,910 626,613 1,035,523
...CONTINUED
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Depreciation
As at 26 February 2023 48,785 78,849 127,634
Provided during the period 18,006 27,388 45,394
As at 25 February 2024 66,791 106,237 173,028
Net Book Value
As at 25 February 2024 342,119 520,376 862,495
As at 26 February 2023 360,125 505,674 865,799
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 525 738
VAT 25,442 6,598
25,967 7,336
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,065 4,964
Other creditors 23,683 9,935
Other creditors (2) 4,916 12,350
Directors' loan accounts 149,086 143,725
202,750 170,974
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 46,637 131,609
Bank loans 39,331 42,148
85,968 173,757
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 46,637 131,609
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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