Registered number
07611544
JG Personal Training Limited
Filleted Accounts
31 March 2024
JG Personal Training Limited
Registered number: 07611544
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,005 9,007
Current assets
Debtors 4 16,730 16,518
Cash at bank and in hand 1,384 3,670
18,114 20,188
Creditors: amounts falling due within one year 5 (18,281) (20,623)
Net current liabilities (167) (435)
Total assets less current liabilities 5,838 8,572
Creditors: amounts falling due after more than one year 6 (5,814) (8,547)
Net assets 24 25
Capital and reserves
Called up share capital 2 2
Profit and loss account 22 23
Shareholders' funds 24 25
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Goble
Director
Approved by the board on 12 November 2024
JG Personal Training Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Gym facility over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is not considered material
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 15,011
At 31 March 2024 15,011
Depreciation
At 1 April 2023 6,004
Charge for the year 3,002
At 31 March 2024 9,006
Net book value
At 31 March 2024 6,005
At 31 March 2023 9,007
4 Debtors 2024 2023
£ £
Directors' loan 15,462 11,750
Other debtors 1,268 4,768
16,730 16,518
The directors' loan is being repaid within nine months of the balance sheet date
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 3,000 3,000
Taxation and social security costs 9,074 9,061
Other creditors 6,207 8,562
18,281 20,623
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,814 8,547
7 Other information
JG Personal Training Limited is a private company limited by shares and incorporated in England. Its registered office is:
94 The Avenue
Lower Sunbury
TW16 5EZ
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