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
Precision Health & Fitness Limited
Company Information
for the year ended 30 April 2024
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
Precision Health & Fitness Limited
Statement of financial position
as at 30 April 2024
Tangible assets
6,587
7,750
Cash at bank and in hand
1
2,653
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)
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
Precision Health & Fitness Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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
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
At 30 April 2024
-
6,587
6,587
At 30 April 2023
-
7,750
7,750
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,280
4,611
Taxes and social security
75
37
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free short term directors loan
-
1,249
-
1,249
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).