Registered number
14412277
TGW Fitness Ltd
Accounts
For the Year ended
31 October 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
TGW Fitness Ltd
Registered number: 14412277
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 539 -
Current assets
Debtors 4 1,464 5,801
Cash at bank and in hand 1,200 -
2,664 5,801
Creditors: amounts falling due within one year 5 (3,036) (5,631)
Net current (liabilities)/assets (372) 170
Net assets 167 170
Capital and reserves
Called up share capital 100 100
Profit and loss account 67 70
Shareholder's funds 167 170
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dean Jon White
Director
Approved by the board on 21 January 2025
TGW Fitness Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from sponsorship received as a professional bodybuilder and is recognised when the payment has been received.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery
£
Cost
Additions 674
At 31 October 2024 674
Depreciation
Charge for the year 135
At 31 October 2024 135
Net book value
At 31 October 2024 539
4 Debtors 2024 2023
£ £
Other debtors 1,464 5,801
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,749 4,647
Other creditors 1,287 984
3,036 5,631
6 Other information
TGW Fitness Ltd is a private company limited by shares and incorporated in England. Its registered office is:
69 Pound Street
Warminster
Wiltshire
BA12 8NW
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