BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company's principal activity during the period was that of gym and equipment rental. 26 February 2025 1 3 NI635826 2024-01-31 NI635826 2023-01-31 NI635826 2022-01-31 NI635826 2023-02-01 2024-01-31 NI635826 2022-02-01 2023-01-31 NI635826 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI635826 uk-curr:PoundSterling 2023-02-01 2024-01-31 NI635826 uk-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI635826 uk-bus:AbridgedAccounts 2023-02-01 2024-01-31 NI635826 uk-core:ShareCapital 2024-01-31 NI635826 uk-core:ShareCapital 2023-01-31 NI635826 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI635826 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI635826 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 NI635826 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 NI635826 uk-bus:FRS102 2023-02-01 2024-01-31 NI635826 uk-core:PlantMachinery 2023-02-01 2024-01-31 NI635826 2023-02-01 2024-01-31 NI635826 uk-bus:Director1 2023-02-01 2024-01-31 NI635826 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI635826
 
 
Sportec Fitness Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 January 2024
Sportec Fitness Ltd
Company Registration Number: NI635826
ABRIDGED BALANCE SHEET
as at 31 January 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 5 4,173 7,802
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Current Assets
Cash and cash equivalents 3,703 52
Creditors: amounts falling due within one year (37,226) (43,385)
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Net Current Liabilities (33,523) (43,333)
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Total Assets less Current Liabilities (29,350) (35,531)
 
Creditors:
amounts falling due after more than one year (82,802) (68,357)
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Net Liabilities (112,152) (103,888)
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Capital and Reserves
Called up share capital 10 10
Retained earnings (112,162) (103,898)
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Equity attributable to owners of the company (112,152) (103,888)
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 26 February 2025
           
           
________________________________          
Mr. Matthew Lennon          
Director          
           



Sportec Fitness Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 January 2024

   
1. General Information
 
Sportec Fitness Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is Unit 1 Torrent Valley Business Park, Donaghmore, Tyrone, BT70 3BF, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company. The company changed name from 'MP Sportec Ltd' to 'Sportec Fitness Ltd' on 2nd December 2021.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 January 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
Although the company is in a deficit, the company director has confirmed his continued support during this uncertain period.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 3, (2023 - 3).
 
  2024 2023
  Number Number
 
Administrative 1 3
  ═════════ ═════════
       
5. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 February 2023 66,298 66,298
  ───────── ─────────
 
At 31 January 2024 66,298 66,298
  ───────── ─────────
Depreciation
At 1 February 2023 58,496 58,496
Charge for the financial year 3,629 3,629
  ───────── ─────────
At 31 January 2024 62,125 62,125
  ───────── ─────────
Net book value
At 31 January 2024 4,173 4,173
  ═════════ ═════════
At 31 January 2023 7,802 7,802
  ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 January 2024.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.