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REGISTERED NUMBER: 12715660 (England and Wales)














STUDIO 6 FITNESS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






STUDIO 6 FITNESS LTD (REGISTERED NUMBER: 12715660)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STUDIO 6 FITNESS LTD

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: Miss A E Hutchinson





REGISTERED OFFICE: Unit 20 Sterling Close
Pattison South
Washington
NE38 8QD





REGISTERED NUMBER: 12715660 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

STUDIO 6 FITNESS LTD (REGISTERED NUMBER: 12715660)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 29,070 27,160

CURRENT ASSETS
Debtors 6 10,141 13,029
Cash at bank 121,884 84,766
132,025 97,795
CREDITORS
Amounts falling due within one year 7 69,405 50,094
NET CURRENT ASSETS 62,620 47,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,690

74,861

PROVISIONS FOR LIABILITIES 5,118 4,169
NET ASSETS 86,572 70,692

CAPITAL AND RESERVES
Called up, paid and allotted share capital 10 10
Retained earnings 86,562 70,682
SHAREHOLDERS' FUNDS 86,572 70,692

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

STUDIO 6 FITNESS LTD (REGISTERED NUMBER: 12715660)

STATEMENT OF FINANCIAL POSITION - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 February 2025 and were signed by:





Miss A E Hutchinson - Director


STUDIO 6 FITNESS LTD (REGISTERED NUMBER: 12715660)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Studio 6 Fitness Limited 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when services have been provided to customers such that risks and rewards of ownership have been transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

STUDIO 6 FITNESS LTD (REGISTERED NUMBER: 12715660)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 39,406 - 39,406
Additions 5,227 2,314 7,541
At 31 July 2024 44,633 2,314 46,947
DEPRECIATION
At 1 August 2023 12,246 - 12,246
Charge for year 4,859 772 5,631
At 31 July 2024 17,105 772 17,877
NET BOOK VALUE
At 31 July 2024 27,528 1,542 29,070
At 31 July 2023 27,160 - 27,160

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,141 13,029

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 940 -
Taxation and social security 38,708 17,179
Other creditors 29,757 32,915
69,405 50,094

8. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, brought forward loans were repaid by the company in aggregate of £3,811. At the year end, the director was owed £29,104.