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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
Page
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Chairzam Fitness Ltd Company Information for the year ended 31 July 2024
Director
Craig Kirby
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
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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
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Chairzam Fitness Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,508 
7,320 
Current assets
Debtors
825 
- 
Cash at bank and in hand
1,612 
1,313 
2,437 
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
Deferred tax
(955)
(772)
Net assets
1,917 
374 
Capital and reserves
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
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Chairzam Fitness Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
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.
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 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.
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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 
Depreciation
At 1 August 2023
18,716 
1,641 
20,357 
Charge for the year
1,841 
471 
2,312 
On disposals
(675)
- 
(675)
At 31 July 2024
19,882 
2,112 
21,994 
Net book value
At 31 July 2024
1,882 
2,626 
4,508 
At 31 July 2023
4,223 
3,097 
7,320 
5
Debtors
2024 
2023 
£ 
£ 
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)
1,426 
2,287 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,647 
5,200 
BBL
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Craig Kirby
Directors Loan
4,879 
- 
4,879 
- 
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.
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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).
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