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 |