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REGISTERED NUMBER: SC457754 (Scotland)















Unaudited Financial Statements

for the Period 1 September 2023 to 31 October 2024

for

RSF Personal Training & Bootcamps Ltd

RSF Personal Training & Bootcamps Ltd (Registered number: SC457754)






Contents of the Financial Statements
for the Period 1 September 2023 to 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

RSF Personal Training & Bootcamps Ltd

Company Information
for the Period 1 September 2023 to 31 October 2024







DIRECTOR: R Stewart





REGISTERED OFFICE: 97 Kingston Street
Glasgow
G5 8BJ





REGISTERED NUMBER: SC457754 (Scotland)





ACCOUNTANTS: GMH Chartered Accountants
Pavilion 3, Suite 2
St James Business Park
Paisley
Renfrewshire
PA3 3BB

RSF Personal Training & Bootcamps Ltd (Registered number: SC457754)

Balance Sheet
31 October 2024

31.10.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,194 59,605

CURRENT ASSETS
Debtors 5 58,252 137,852
Cash at bank 29,788 74,983
88,040 212,835
CREDITORS
Amounts falling due within one year 6 109,473 224,054
NET CURRENT LIABILITIES (21,433 ) (11,219 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,761 48,386

CREDITORS
Amounts falling due after more than one
year

7

(20,843

)

(34,705

)

PROVISIONS FOR LIABILITIES 9 (4,469 ) (5,710 )
NET ASSETS 449 7,971

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 448 7,970
SHAREHOLDERS' FUNDS 449 7,971

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

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

The director acknowledges his 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.

RSF Personal Training & Bootcamps Ltd (Registered number: SC457754)

Balance Sheet - continued
31 October 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 6 February 2025 and were signed by:





R Stewart - Director


RSF Personal Training & Bootcamps Ltd (Registered number: SC457754)

Notes to the Financial Statements
for the Period 1 September 2023 to 31 October 2024

1. STATUTORY INFORMATION

RSF Personal Training & Bootcamps Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Significant judgements and estimates
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates of judgements used in the preparation of these financial statements.

Turnover
Turnover represents net invoiced sales from individual and group personal training sessions with clients, excluding VAT.

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 - 25% on reducing balance
Fixtures and fittings - 10% on cost
Computer equipment - 25% on reducing balance

RSF Personal Training & Bootcamps Ltd (Registered number: SC457754)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 October 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit and loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the assets carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the assets carrying amount and the best estimate of the amount that the company would receive for the asset if it were sold at the balance sheet date.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

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.

RSF Personal Training & Bootcamps Ltd (Registered number: SC457754)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 October 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 50,674 102,084 8,874 161,632
Additions 3,092 1,355 1,289 5,736
At 31 October 2024 53,766 103,439 10,163 167,368
DEPRECIATION
At 1 September 2023 35,701 60,338 5,988 102,027
Charge for period 4,953 12,023 1,171 18,147
At 31 October 2024 40,654 72,361 7,159 120,174
NET BOOK VALUE
At 31 October 2024 13,112 31,078 3,004 47,194
At 31 August 2023 14,973 41,746 2,886 59,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.8.23
£    £   
Trade debtors 21,339 19,282
Other debtors 36,913 118,570
58,252 137,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 9,999
Trade creditors 12,518 10,094
Taxation and social security 63,173 186,920
Other creditors 23,782 17,041
109,473 224,054

RSF Personal Training & Bootcamps Ltd (Registered number: SC457754)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.8.23
£    £   
Bank loans 20,843 32,500
Other creditors - 2,205
20,843 34,705

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.8.23
£    £   
Within one year 22,636 31,310
Between one and five years 28,800 29,274
51,436 60,584

9. PROVISIONS FOR LIABILITIES
31.10.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 4,469 5,710

Deferred
tax
£   
Balance at 1 September 2023 5,710
Provided during period (1,241 )
Balance at 31 October 2024 4,469

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, the director was owed £13 from the company [2023 - £80,905 due to the company] which is included within Other creditors. .S.455 tax and interest has be incorporated as applicable.

As at the balance sheet date, the company was due £3,326 [2023: £833] from a related company which is under common control of the director. The balance is included within other debtors due within one year.

11. ULTIMATE CONTROLLING PARTY

The controlling party is R Stewart.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
RSF Personal Training & Bootcamps Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RSF Personal Training & Bootcamps Ltd for the period ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of RSF Personal Training & Bootcamps Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RSF Personal Training & Bootcamps Ltd and state those matters that we have agreed to state to the director of RSF Personal Training & Bootcamps Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that RSF Personal Training & Bootcamps Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RSF Personal Training & Bootcamps Ltd. You consider that RSF Personal Training & Bootcamps Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of RSF Personal Training & Bootcamps Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GMH Chartered Accountants
Pavilion 3, Suite 2
St James Business Park
Paisley
Renfrewshire
PA3 3BB


6 February 2025