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REGISTERED NUMBER: 12910717 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Profound Fitness Studios Limited

Profound Fitness Studios Limited (Registered number: 12910717)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Profound Fitness Studios Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D B Meller
M A Wilson





REGISTERED OFFICE: 560 Woodham Lane
Woking
GU21 5SH





REGISTERED NUMBER: 12910717 (England and Wales)





ACCOUNTANTS: WITNEY & CO LTD
Ground Floor
39 Guildford Road
Lightwater
Surrey
GU18 5SA

Profound Fitness Studios Limited (Registered number: 12910717)

Abridged Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,331 11,796
1,331 11,796

CURRENT ASSETS
Debtors 7,725 1,917
Cash at bank 113,131 89,117
120,856 91,034
CREDITORS
Amounts falling due within one year 14,240 11,482
NET CURRENT ASSETS 106,616 79,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,947

91,348

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 7,947 (8,652 )
SHAREHOLDERS' FUNDS 107,947 91,348

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

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

Profound Fitness Studios Limited (Registered number: 12910717)

Abridged Balance Sheet - continued
30 September 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 Income Statement and an abridged Balance Sheet for the year ended 30 September 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 31 December 2024 and were signed on its behalf by:




D B Meller - Director



M A Wilson - Director


Profound Fitness Studios Limited (Registered number: 12910717)

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

1. STATUTORY INFORMATION

Profound Fitness Studios 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, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of three years.

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.

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 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.

3. EMPLOYEES AND DIRECTORS

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

Profound Fitness Studios Limited (Registered number: 12910717)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 41,635
AMORTISATION
At 1 October 2023
and 30 September 2024 41,635
NET BOOK VALUE

At 30 September 2024 -
At 30 September 2023 -

The company acquired the business and assets of an existing fitness studio management business from M A Wilson on 1 October 2020 for £49,500 settled by the issue of 49,500 £1 ordinary shares in the company. The goodwill on the acquisition amounted to £41,635

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 41,859
DEPRECIATION
At 1 October 2023 30,063
Charge for year 10,465
At 30 September 2024 40,528
NET BOOK VALUE
At 30 September 2024 1,331
At 30 September 2023 11,796

6. RELATED PARTY DISCLOSURES

The balance owed by/to directors comprise amounts in relation to the use of the studio for training purposes and the purchase of equipment for the studio by the directors

7. ULTIMATE CONTROLLING PARTY

The controlling party is D B Meller and M A Wilson.

The ultimate controlling party is D B Meller and M A Wilson.