IRIS Accounts Production v24.3.0.553 08036525 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080365252023-05-31080365252024-05-31080365252023-06-012024-05-31080365252022-05-31080365252022-06-012023-05-31080365252023-05-3108036525ns15:EnglandWales2023-06-012024-05-3108036525ns14:PoundSterling2023-06-012024-05-3108036525ns10:Director12023-06-012024-05-3108036525ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3108036525ns10:SmallEntities2023-06-012024-05-3108036525ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3108036525ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3108036525ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3108036525ns10:FullAccounts2023-06-012024-05-3108036525ns10:Director22023-06-012024-05-3108036525ns10:CompanySecretary12023-06-012024-05-3108036525ns10:RegisteredOffice2023-06-012024-05-3108036525ns5:CurrentFinancialInstruments2024-05-3108036525ns5:CurrentFinancialInstruments2023-05-3108036525ns5:Non-currentFinancialInstruments2024-05-3108036525ns5:Non-currentFinancialInstruments2023-05-3108036525ns5:ShareCapital2024-05-3108036525ns5:ShareCapital2023-05-3108036525ns5:RetainedEarningsAccumulatedLosses2024-05-3108036525ns5:RetainedEarningsAccumulatedLosses2023-05-3108036525ns5:LandBuildings2023-05-3108036525ns5:PlantMachinery2023-05-3108036525ns5:LandBuildings2023-06-012024-05-3108036525ns5:PlantMachinery2023-06-012024-05-3108036525ns5:LandBuildings2024-05-3108036525ns5:PlantMachinery2024-05-3108036525ns5:LandBuildings2023-05-3108036525ns5:PlantMachinery2023-05-3108036525ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3108036525ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 08036525 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

NRG Fitness Ltd

NRG Fitness Ltd (Registered number: 08036525)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NRG Fitness Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr M Beesley
Mrs C Beesley





SECRETARY: Mrs C Beesley





REGISTERED OFFICE: Unit 5, Creeting Road,
Stowmarket
Suffolk
IP14 5AT





REGISTERED NUMBER: 08036525 (England and Wales)





ACCOUNTANTS: Campbell & Co
Office 17
Buxhall Business Park
Buxhall
Suffolk
IP14 3DJ

NRG Fitness Ltd (Registered number: 08036525)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 961,775 890,443

CURRENT ASSETS
Stocks 2,400 2,400
Debtors 5 2,484 1,014
Cash at bank 33,204 48,453
38,088 51,867
CREDITORS
Amounts falling due within one year 6 324,945 298,146
NET CURRENT LIABILITIES (286,857 ) (246,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,918

644,164

CREDITORS
Amounts falling due after more than one
year

7

(182,861

)

(221,647

)

PROVISIONS FOR LIABILITIES (15,802 ) (9,919 )
NET ASSETS 476,255 412,598

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 476,253 412,596
SHAREHOLDERS' FUNDS 476,255 412,598

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

NRG Fitness Ltd (Registered number: 08036525)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Mr M Beesley - Director


NRG Fitness Ltd (Registered number: 08036525)

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


1. STATUTORY INFORMATION

NRG 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 each asset over its estimated useful life.

Furniture, fittings & equipment - 25% 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.

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.

NRG Fitness Ltd (Registered number: 08036525)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 825,469 332,924 1,158,393
Additions 2,270 115,249 117,519
Disposals - (79,907 ) (79,907 )
At 31 May 2024 827,739 368,266 1,196,005
DEPRECIATION
At 1 June 2023 - 267,950 267,950
Charge for year - 44,037 44,037
Eliminated on disposal - (77,757 ) (77,757 )
At 31 May 2024 - 234,230 234,230
NET BOOK VALUE
At 31 May 2024 827,739 134,036 961,775
At 31 May 2023 825,469 64,974 890,443

Included in cost of land and buildings is freehold land of £ 827,739 (2023 - £ 825,469 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Other debtors 2,484 1,014

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 55,637 49,577
Trade creditors 2,130 3,019
Taxation and social security 40,660 57,517
Other creditors 226,518 188,033
324,945 298,146

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 182,861 221,647

NRG Fitness Ltd (Registered number: 08036525)

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


8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Beesley.