Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06097767 Mrs Samira Sadiq Mr Ahtesham Sadiq Mrs Nida Kashif Ahtesham Sadiq false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06097767 2023-03-31 06097767 2024-03-31 06097767 2023-04-01 2024-03-31 06097767 frs-core:CurrentFinancialInstruments 2024-03-31 06097767 frs-core:MotorVehicles 2024-03-31 06097767 frs-core:MotorVehicles 2023-04-01 2024-03-31 06097767 frs-core:MotorVehicles 2023-03-31 06097767 frs-core:PlantMachinery 2024-03-31 06097767 frs-core:PlantMachinery 2023-04-01 2024-03-31 06097767 frs-core:PlantMachinery 2023-03-31 06097767 frs-core:ShareCapital 2024-03-31 06097767 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06097767 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06097767 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06097767 frs-bus:SmallEntities 2023-04-01 2024-03-31 06097767 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06097767 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06097767 1 2023-04-01 2024-03-31 06097767 frs-bus:Director1 2023-04-01 2024-03-31 06097767 frs-bus:Director2 2023-04-01 2024-03-31 06097767 frs-bus:Director3 2023-04-01 2024-03-31 06097767 frs-countries:EnglandWales 2023-04-01 2024-03-31 06097767 2022-03-31 06097767 2023-03-31 06097767 2022-04-01 2023-03-31 06097767 frs-core:CurrentFinancialInstruments 2023-03-31 06097767 frs-core:ShareCapital 2023-03-31 06097767 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06097767
B2 Fitness (UK) Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06097767
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 158,541 164,399
158,541 164,399
CURRENT ASSETS
Stocks 5 2,652,029 4,590,787
Debtors 6 2,107,992 4,144,751
Cash at bank and in hand 25,890 69,682
4,785,911 8,805,220
Creditors: Amounts Falling Due Within One Year 7 (4,392,389 ) (8,504,690 )
NET CURRENT ASSETS (LIABILITIES) 393,522 300,530
TOTAL ASSETS LESS CURRENT LIABILITIES 552,063 464,929
NET ASSETS 552,063 464,929
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 551,963 464,829
SHAREHOLDERS' FUNDS 552,063 464,929
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ahtesham Sadiq
Director
27/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
B2 Fitness (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06097767 . The registered office is 158 Hornby Street, Bury, Lancashire, BL9 5BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 29)
29 29
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 280,474 31,375 311,849
Additions 23,840 - 23,840
As at 31 March 2024 304,314 31,375 335,689
Depreciation
As at 1 April 2023 130,686 16,764 147,450
Provided during the period 26,045 3,653 29,698
As at 31 March 2024 156,731 20,417 177,148
Net Book Value
As at 31 March 2024 147,583 10,958 158,541
As at 1 April 2023 149,788 14,611 164,399
Page 3
Page 4
5. Stocks
2024 2023
£ £
Finished goods 2,652,029 4,590,787
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,745,424 3,305,950
Other debtors 362,568 838,505
Directors' loan accounts - 296
2,107,992 4,144,751
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 844,292 3,203,466
Bank loans and overdrafts 857,724 3,005,683
Corporation tax 13,445 541
Other taxes and social security 6,542 7,122
VAT 1,010,743 1,028,253
Other creditors 1,538,775 1,249,625
Accruals and deferred income 10,000 10,000
Directors' loan accounts 110,868 -
4,392,389 8,504,690
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Controlling Party
The company's controlling party is Ahtesham Sadiq by virtue of his ownership of 50% of the issued share capital in the company as at balance sheet date.
Page 4