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REGISTERED NUMBER: 13312007 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

J & N Fitness Ltd

J & N Fitness Ltd (Registered number: 13312007)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


J & N Fitness Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr N Fell
Mr J Carroll





REGISTERED OFFICE: Unit 1 Albion Road Industrial Estate
Rochdale
OL11 4JB





REGISTERED NUMBER: 13312007 (England and Wales)





ACCOUNTANTS: N J Grindrod & Co Limited
First Floor
Sovereign House
Barehill Street
Littleborough
Lancashire
OL15 9BL

J & N Fitness Ltd (Registered number: 13312007)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,609 6,447

CURRENT ASSETS
Stocks 1,498 1,498
Debtors 14,985 11,394
Cash at bank and in hand 7,222 12,580
23,705 25,472
CREDITORS
Amounts falling due within one year 29,043 42,325
NET CURRENT LIABILITIES (5,338 ) (16,853 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

271

(10,406

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 171 (10,506 )
SHAREHOLDERS' FUNDS 271 (10,406 )

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

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

J & N Fitness Ltd (Registered number: 13312007)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:




Mr N Fell - Director



Mr J Carroll - Director


J & N Fitness Ltd (Registered number: 13312007)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

J & N 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

J & N Fitness Ltd (Registered number: 13312007)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 8,269
Additions 141
At 30 April 2024 8,410
DEPRECIATION
At 1 May 2023 1,822
Charge for year 979
At 30 April 2024 2,801
NET BOOK VALUE
At 30 April 2024 5,609
At 30 April 2023 6,447

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr N Fell
Balance outstanding at start of year (3,451 ) 7,511
Amounts advanced 3,969 -
Amounts repaid - (10,962 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 518 (3,451 )

J & N Fitness Ltd (Registered number: 13312007)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr J Carroll
Balance outstanding at start of year 8,615 (2,384 )
Amounts advanced 2,270 10,999
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,885 8,615

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors of the company.