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REGISTERED NUMBER: 11160711 (England and Wales)














Unaudited Financial Statements

for the period

1st February 2023 to 31st December 2023

for

Aro Fitness Felixstowe Ltd

Aro Fitness Felixstowe Ltd (Registered number: 11160711)






Contents of the Financial Statements
for the period 1st February 2023 to 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aro Fitness Felixstowe Ltd

Company Information
for the period 1st February 2023 to 31st December 2023







DIRECTORS: A Saliah
O Saliah
R Saliah





REGISTERED OFFICE: 12b Sun Street
Waltham Abbey
Essex
EN9 1EE





REGISTERED NUMBER: 11160711 (England and Wales)





ACCOUNTANTS: Apple Accounting Services Ltd
Chartered Management Accountants
12b Sun Street
Waltham Abbey
Essex
EN9 1EE

Aro Fitness Felixstowe Ltd (Registered number: 11160711)

Balance Sheet
31st December 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,083
Tangible assets 5 90,978 128,640
90,978 130,723

CURRENT ASSETS
Debtors 6 17,933 10,395
Cash at bank and in hand 20,477 52,057
38,410 62,452
CREDITORS
Amounts falling due within one year 7 218,393 259,231
NET CURRENT LIABILITIES (179,983 ) (196,779 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(89,005

)

(66,056

)

CREDITORS
Amounts falling due after more than one
year

8

48,545

81,102
NET LIABILITIES (137,550 ) (147,158 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (137,551 ) (147,159 )
(137,550 ) (147,158 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2023 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.

Aro Fitness Felixstowe Ltd (Registered number: 11160711)

Balance Sheet - continued
31st December 2023


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 Board of Directors and authorised for issue on 30th December 2024 and were signed on its behalf by:





A Saliah - Director


Aro Fitness Felixstowe Ltd (Registered number: 11160711)

Notes to the Financial Statements
for the period 1st February 2023 to 31st December 2023

1. STATUTORY INFORMATION

Aro Fitness Felixstowe 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.

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.

Franchise fees are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost, 20% on reducing balance and 10% on cost

Taxation
Taxation for the period 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Aro Fitness Felixstowe Ltd (Registered number: 11160711)

Notes to the Financial Statements - continued
for the period 1st February 2023 to 31st December 2023

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st February 2023
and 31st December 2023 25,000
AMORTISATION
At 1st February 2023 22,917
Charge for period 2,083
At 31st December 2023 25,000
NET BOOK VALUE
At 31st December 2023 -
At 31st January 2023 2,083

Aro Fitness Felixstowe Ltd (Registered number: 11160711)

Notes to the Financial Statements - continued
for the period 1st February 2023 to 31st December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 401,445
Additions 4,404
Disposals (205,463 )
At 31st December 2023 200,386
DEPRECIATION
At 1st February 2023 272,805
Charge for period 42,066
Eliminated on disposal (205,463 )
At 31st December 2023 109,408
NET BOOK VALUE
At 31st December 2023 90,978
At 31st January 2023 128,640

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2023 205,463
Disposals (205,463 )
At 31st December 2023 -
DEPRECIATION
At 1st February 2023 181,493
Charge for period 23,970
Eliminated on disposal (205,463 )
At 31st December 2023 -
NET BOOK VALUE
At 31st December 2023 -
At 31st January 2023 23,970

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other debtors 17,933 10,395

Aro Fitness Felixstowe Ltd (Registered number: 11160711)

Notes to the Financial Statements - continued
for the period 1st February 2023 to 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts 29,946 29,946
Finance leases (see note 9) - 32,087
Trade creditors 1,460 3,809
Taxation and social security 6,760 6,734
Other creditors 180,227 186,655
218,393 259,231

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Bank loans 14,973 42,424
Other creditors 33,572 38,678
48,545 81,102

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 11,071 16,177

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2023 2023
£    £   
Net obligations repayable:
Within one year - 32,087

Non-cancellable operating leases
2023 2023
£    £   
Within one year 45,000 40,000
Between one and five years 180,000 160,000
In more than five years 22,500 56,667
247,500 256,667

Aro Fitness Felixstowe Ltd (Registered number: 11160711)

Notes to the Financial Statements - continued
for the period 1st February 2023 to 31st December 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2023
£    £   
Bank loans 44,919 72,370

The company's bank has a fixed and floating charge over the company's assets in respect of a bank loan.

11. RELATED PARTY DISCLOSURES

At year end the company owed it's parent company, Aro Fitness Holdings Ltd £96,356 (Jan 2023 - £96,356). The company also owed the Directors of the company £53,014 (Jan 2023 - £54,622). All loans were interest free and repayable on demand.


12. ULTIMATE CONTROLLING PARTY

The controlling party is Aro Fitness Holdings Ltd.

The ultimate controlling party is Messrs Arda, Onur and Regu Saliah.