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Company Registration No. 08971645 (England and Wales)
Precision Health & Fitness Limited Unaudited accounts for the year ended 30 April 2024
Precision Health & Fitness Limited Unaudited accounts Contents
Page
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Precision Health & Fitness Limited Company Information for the year ended 30 April 2024
Director
Mr J Harrison
Company Number
08971645 (England and Wales)
Registered Office
Malt House Studios 4 Brook Street Bishops Waltham Southampton Hampshire SO32 1AX United Kingdom
Accountants
Meon Valley Accounting Ltd Malt House Studios 4 Brook Street Bishops Waltham Hampshire SO32 1AX
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Precision Health & Fitness Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,587 
7,750 
Current assets
Debtors
2,569 
1,000 
Cash at bank and in hand
1 
2,653 
2,570 
3,653 
Creditors: amounts falling due within one year
(6,262)
(6,799)
Net current liabilities
(3,692)
(3,146)
Total assets less current liabilities
2,895 
4,604 
Creditors: amounts falling due after more than one year
(1,461)
(2,862)
Provisions for liabilities
Deferred tax
(1,252)
(1,472)
Net assets
182 
270 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
82 
170 
Shareholders' funds
182 
270 
For the year ending 30 April 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 January 2024 and were signed on its behalf by
Mr J Harrison Director Company Registration No. 08971645
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Precision Health & Fitness Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Precision Health & Fitness Limited is a private company, limited by shares, registered in England and Wales, registration number 08971645. The registered office is Malt House Studios, 4 Brook Street, Bishops Waltham, Southampton, Hampshire, SO32 1AX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents invoiced sales of services
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% straight line
Plant & machinery
15% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Precision Health & Fitness Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
1,030 
17,842 
18,872 
At 30 April 2024
1,030 
17,842 
18,872 
Depreciation
At 1 May 2023
1,030 
10,092 
11,122 
Charge for the year
- 
1,163 
1,163 
At 30 April 2024
1,030 
11,255 
12,285 
Net book value
At 30 April 2024
- 
6,587 
6,587 
At 30 April 2023
- 
7,750 
7,750 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,320 
1,000 
Other debtors
1,249 
- 
2,569 
1,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,280 
4,611 
Trade creditors
157 
1,317 
Taxes and social security
75 
37 
Loans from directors
- 
84 
Accruals
750 
750 
6,262 
6,799 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,461 
2,862 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Interest free short term directors loan
- 
1,249 
- 
1,249 
- 
1,249 
- 
1,249 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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