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REGISTERED NUMBER: 06540090 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

JGB Fitness (Eastbourne) Limited

JGB Fitness (Eastbourne) Limited (Registered number: 06540090)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JGB Fitness (Eastbourne) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs J Bayes





REGISTERED OFFICE: 66 Grove Road
Eastbourne
BN21 4UH





REGISTERED NUMBER: 06540090 (England and Wales)





ACCOUNTANTS: M Chilton Accountancy Services Limited
16 Reed Mace Drive
Bromsgrove
Worcestershire
B61 0UJ

JGB Fitness (Eastbourne) Limited (Registered number: 06540090)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,451 2,614
1,451 2,614

CURRENT ASSETS
Cash at bank 1,188 2,861

CREDITORS
Amounts falling due within one year 6 14,406 15,494
NET CURRENT LIABILITIES (13,218 ) (12,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,767

)

(10,019

)

CREDITORS
Amounts falling due after more than one
year

7

(221,773

)

(222,160

)

ACCRUALS AND DEFERRED INCOME (14,704 ) (17,863 )
NET LIABILITIES (248,244 ) (250,042 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (248,344 ) (250,142 )
SHAREHOLDERS' FUNDS (248,244 ) (250,042 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

JGB Fitness (Eastbourne) Limited (Registered number: 06540090)

Balance Sheet - continued
31 March 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 23 December 2024 and were signed by:





Mrs J Bayes - Director


JGB Fitness (Eastbourne) Limited (Registered number: 06540090)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

JGB Fitness (Eastbourne) Limited 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.

Goodwill
Goodwill acquired in 2008 was amortised over 10 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 - 33% on cost 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.

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 5 (2023 - 5 ) .

JGB Fitness (Eastbourne) Limited (Registered number: 06540090)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023
and 31 March 2024 100,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 122,608
DEPRECIATION
At 1 April 2023 119,994
Charge for year 1,163
At 31 March 2024 121,157
NET BOOK VALUE
At 31 March 2024 1,451
At 31 March 2023 2,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,200 4,200
Trade creditors 431 44
Taxation and social security 2,947 6,566
Other creditors 6,828 4,684
14,406 15,494

JGB Fitness (Eastbourne) Limited (Registered number: 06540090)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 5,161 9,403
Amounts owed to group undertakings - 63,948
Other creditors 216,612 148,809
221,773 222,160

Other creditors falling due after more than one year relates to amount owed to Director.