Company Registration No. 09140747 (England and Wales)
Chairzam Fitness Ltd
Unaudited accounts
for the year ended 31 July 2024
Chairzam Fitness Ltd
Unaudited accounts
Contents
Chairzam Fitness Ltd
Company Information
for the year ended 31 July 2024
Company Number
09140747 (England and Wales)
Registered Office
3 Alicia Court
Alicia Drive
Rochdale
OL12 6JP
Accountants
Joy Noakes
3 Crummock Close
Little Lever
Bolton
Lancs
BL3 1UG
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Chairzam Fitness Ltd
for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chairzam Fitness Ltd for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Joy Noakes
Member in Practice
3 Crummock Close
Little Lever
Bolton
Lancs
BL3 1UG
25 November 2024
Chairzam Fitness Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
4,508
7,320
Cash at bank and in hand
1,612
1,313
Creditors: amounts falling due within one year
(1,426)
(2,287)
Net current assets/(liabilities)
1,011
(974)
Total assets less current liabilities
5,519
6,346
Creditors: amounts falling due after more than one year
(2,647)
(5,200)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
1,916
373
Shareholders' funds
1,917
374
For the year ending 31 July 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 31 January 2025 and were signed on its behalf by
Craig Kirby
Director
Company Registration No. 09140747
Chairzam Fitness Ltd
Notes to the Accounts
for the year ended 31 July 2024
Chairzam Fitness Ltd is a private company, limited by shares, registered in England and Wales, registration number 09140747. The registered office is 3 Alicia Court, Alicia Drive, Rochdale, OL12 6JP.
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.
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:
Motor vehicles
20% Straight Line
Fixtures & fittings
10% Straight Line
Other tangible fixed assets
Fitness Equipment 20% Straight Line
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.
Chairzam Fitness Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
22,939
4,738
27,677
Disposals
(1,175)
-
(1,175)
At 31 July 2024
21,764
4,738
26,502
At 1 August 2023
18,716
1,641
20,357
Charge for the year
1,841
471
2,312
At 31 July 2024
19,882
2,112
21,994
At 31 July 2024
1,882
2,626
4,508
At 31 July 2023
4,223
3,097
7,320
Amounts falling due within one year
Accrued income and prepayments
825
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,400
2,200
Taxes and social security
1,807
4,966
Loans from directors
(2,781)
(4,879)
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
4,879
-
4,879
-
The balance on the Directors Loan account was £2,781 as at the balance sheet date. This Loan was repaid in full by the 25th of November 2024.
Chairzam Fitness Ltd
Notes to the Accounts
for the year ended 31 July 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).