POSEIDON FITNESS LTD

Company limited by guarantee

Company Registration Number:
12461339 (England and Wales)

Unaudited micro entity accounts for the year ended 21 February 2024

Period of accounts

Start date: 22 February 2023

End date: 21 February 2024

POSEIDON FITNESS LTD

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 21 February 2024

Company Information - 3
Income and Expenditure Account - 4
Balance sheet - 5
Footnotes to the Balance Sheet - 7

POSEIDON FITNESS LTD

Company limited by guarantee

Company Information

for the Period Ended 21 February 2024




Registered office: 10
Baker Street
Weston-Super-Mare
England
BS23 3AB
Company Registration Number: 12461339 (England and Wales)

POSEIDON FITNESS LTD

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 21 February 2024


2024
£

2023
£
Turnover 14,487 12,372
Income from coronavirus (COVID-19) business support grants 0 0
Other Income 0 0
Cost of Materials ( 811 ) ( 12,647 )
Staff Costs ( 0 ) ( 0 )
Depreciation and Writeoffs ( 960 ) ( 960 )
Other charges ( 13,438 ) ( 0 )
Tax on surplus ( 0 ) ( 0 )
Surplus or (Deficit) for Period ( 722 ) ( 1,235 )

POSEIDON FITNESS LTD

Company limited by guarantee

Balance sheet

As at 21 February 2024


2024
£

2023
£
Fixed Assets: 9,705 9,705
Current assets: 92 73
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 0 ) ( 4,140 )
Net current assets (liabilities): 92 ( 4,067 )
Total assets less current liabilities: 9,797 5,638
Creditors: amounts falling due after more than one year: ( 26,038 ) ( 24,801 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): ( 16,241 ) ( 19,163 )
Reserves: ( 16,241 ) ( 19,163 )

POSEIDON FITNESS LTD

Company limited by guarantee

Balance sheet continued

For the year ending 21 February 2024 the company was entitled to exemption 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 directors acknowledge their 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 of the small companies regime applicable to micro-entities.

This report was approved by the board of directors on 20 February 2025
And Signed On Behalf Of The Board By:

Name: Caroline Ashworth
Status: Director

The notes form part of these financial statements

POSEIDON FITNESS LTD

Company limited by guarantee

Footnotes to the Financial Statements

for the Period Ended 21 February 2024

  • 1. Employee Information

    Average number of employees: 0

POSEIDON FITNESS LTD

Company limited by guarantee

Footnotes to the Financial Statements

for the Period Ended 21 February 2024

  • 2. Off balance sheet disclosure

    1. Bounce Back Loan (BBL).
    The Company has received a Bounce Back hoan (BBL) from the Government, which is recorded as a liability on the Balance Sheet. The loan is not personally guaranteed. Interest on the loan is recorded as an expense under other charges (AC425).

    2. All gym equipment used in the business is personally owned by the Director and has not been capitalised in the company's balance sheet. The value of these assets is not included in the company's fixed assets.

    3. Fixed Assets (Gym facilities)
    The buisness (the Gym) owns fixed assets related to other functional facilities (excluding equipment ) such as bathroom and shower facilities. These assets are recorded on the balance sheet as fixed assets AC450.