IRIS Accounts Production v24.2.0.383 11825469 director 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118254692023-02-28118254692024-02-29118254692023-03-012024-02-29118254692022-02-28118254692022-03-012023-02-28118254692023-02-2811825469ns15:EnglandWales2023-03-012024-02-2911825469ns14:PoundSterling2023-03-012024-02-2911825469ns10:Director12023-03-012024-02-2911825469ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911825469ns10:SmallEntities2023-03-012024-02-2911825469ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2911825469ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2911825469ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911825469ns10:FullAccounts2023-03-012024-02-291182546912023-03-012024-02-2911825469ns10:OrdinaryShareClass12023-03-012024-02-2911825469ns10:RegisteredOffice2023-03-012024-02-2911825469ns5:CurrentFinancialInstruments2024-02-2911825469ns5:CurrentFinancialInstruments2023-02-2811825469ns5:Non-currentFinancialInstruments2024-02-2911825469ns5:Non-currentFinancialInstruments2023-02-2811825469ns5:ShareCapital2024-02-2911825469ns5:ShareCapital2023-02-2811825469ns5:RetainedEarningsAccumulatedLosses2024-02-2911825469ns5:RetainedEarningsAccumulatedLosses2023-02-2811825469ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911825469ns5:ComputerSoftware2023-03-012024-02-2911825469ns5:PlantMachinery2023-03-012024-02-2911825469ns5:IntangibleAssetsOtherThanGoodwill2023-02-2811825469ns5:IntangibleAssetsOtherThanGoodwill2024-02-2911825469ns5:IntangibleAssetsOtherThanGoodwill2023-02-2811825469ns5:PlantMachinery2023-02-2811825469ns5:PlantMachinery2024-02-2911825469ns5:PlantMachinery2023-02-2811825469ns5:WithinOneYear2024-02-2911825469ns5:WithinOneYear2023-02-2811825469ns5:BetweenOneFiveYears2024-02-2911825469ns5:BetweenOneFiveYears2023-02-2811825469ns5:MoreThanFiveYears2024-02-2911825469ns5:MoreThanFiveYears2023-02-2811825469ns5:AllPeriods2024-02-2911825469ns5:AllPeriods2023-02-2811825469ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 11825469 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

K5 HEALTH & FITNESS LTD.

K5 HEALTH & FITNESS LTD. (REGISTERED NUMBER: 11825469)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K5 HEALTH & FITNESS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr C D Southall





REGISTERED OFFICE: 8 Bluebell Road
Walsall Wood
Walsall
West Midlands
WS9 9EU





REGISTERED NUMBER: 11825469 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

K5 HEALTH & FITNESS LTD. (REGISTERED NUMBER: 11825469)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 437
Tangible assets 5 45,749 54,062
45,749 54,499

Current assets
Cash at bank 746 -

Creditors
Amounts falling due within one year 6 337,581 307,147
Net current liabilities (336,835 ) (307,147 )
Total assets less current liabilities (291,086 ) (252,648 )

Creditors
Amounts falling due after more than one
year

7

14,646

17,334
Net liabilities (305,732 ) (269,982 )

Capital and reserves
Called up share capital 9 100 100
Retained earnings (305,832 ) (270,082 )
Shareholders' funds (305,732 ) (269,982 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

K5 HEALTH & FITNESS LTD. (REGISTERED NUMBER: 11825469)

BALANCE SHEET - continued
29 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





Mr C D Southall - Director


K5 HEALTH & FITNESS LTD. (REGISTERED NUMBER: 11825469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

K5 Health & Fitness Ltd. 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 (£).


2. ACCOUNTING POLICIES

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

The directors have reviewed the credit facilities available to the company over the forthcoming 12 months and assessed that they are sufficient to allow the company to continue to trade and meet its financial obligations as they fall due.

The directors are also currently agreeing on a new lease with the company's landlord, the new arrangements are expected to be beneficial to the company.

The directors will not require the company to repay the directors' loan balances until such time as funds allow. Having taken all these factors into account the directors have prepared the accounts on a going concern basis.

Turnover
Turnover represents net invoiced goods and services, excluding value added tax.

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 four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


K5 HEALTH & FITNESS LTD. (REGISTERED NUMBER: 11825469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 1,750
AMORTISATION
At 1 March 2023 1,313
Charge for year 437
At 29 February 2024 1,750
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 437

K5 HEALTH & FITNESS LTD. (REGISTERED NUMBER: 11825469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 90,297
Additions 1,706
At 29 February 2024 92,003
DEPRECIATION
At 1 March 2023 36,235
Charge for year 10,019
At 29 February 2024 46,254
NET BOOK VALUE
At 29 February 2024 45,749
At 28 February 2023 54,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,338 1,947
Trade creditors 40,216 42,579
Taxation and social security 5,532 751
Other creditors 289,495 261,870
337,581 307,147

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,646 17,334

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,854 6,956

K5 HEALTH & FITNESS LTD. (REGISTERED NUMBER: 11825469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 354,958 140,332
Between one and five years 171,979 383,437
In more than five years - 143,500
526,937 667,269

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

At the year end the company owed the directors £36,206 (2023: £44,925). These loans are interest free and repayable on demand.