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REGISTERED NUMBER: 08155463 (England and Wales)















SWEAT ROOM LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






SWEAT ROOM LIMITED (REGISTERED NUMBER: 08155463)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SWEAT ROOM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Ms P J Cooper





SECRETARY: A N Livingstone





REGISTERED OFFICE: 1 Brookmans Avenue
Brookmans Park
Hatfield
Hertfordshire
AL9 7QH





REGISTERED NUMBER: 08155463 (England and Wales)





ACCOUNTANTS: P G ASSOCIATES
Accountants
1 Brookmans Avenue
Brookmans Park
Hatfield
Hertfordshire
AL9 7QH

SWEAT ROOM LIMITED (REGISTERED NUMBER: 08155463)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 13,949 18,597

CURRENT ASSETS
Debtors 5 4,820 4,820

CREDITORS
Amounts falling due within one year 6 17,083 19,684
NET CURRENT LIABILITIES (12,263 ) (14,864 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,686

3,733

CREDITORS
Amounts falling due after more than one
year

7

37,869

37,952
NET LIABILITIES (36,183 ) (34,219 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (36,283 ) (34,319 )
SHAREHOLDERS' FUNDS (36,183 ) (34,219 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SWEAT ROOM LIMITED (REGISTERED NUMBER: 08155463)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 25 February 2025 and were signed by:





Ms P J Cooper - Director


SWEAT ROOM LIMITED (REGISTERED NUMBER: 08155463)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Sweat Room Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SWEAT ROOM LIMITED (REGISTERED NUMBER: 08155463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 37,082 55,270 13,255 2,820 108,427
DEPRECIATION
At 1 October 2023 27,192 48,117 11,966 2,555 89,830
Charge for year 2,472 1,788 322 66 4,648
At 30 September 2024 29,664 49,905 12,288 2,621 94,478
NET BOOK VALUE
At 30 September 2024 7,418 5,365 967 199 13,949
At 30 September 2023 9,890 7,153 1,289 265 18,597

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Rent deposit 4,820 4,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 5,982 5,555
Trade creditors (1 ) (1 )
Tax 277 277
Other creditors 1 1
Directors' current accounts 9,024 12,052
Accrued expenses 1,800 1,800
17,083 19,684

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 7,847 6,024
Bank loans - 2-5 years 30,022 31,928
37,869 37,952

SWEAT ROOM LIMITED (REGISTERED NUMBER: 08155463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 October 2023 (34,319 )
Deficit for the year (1,964 )
At 30 September 2024 (36,283 )

10. GOING CONCERN

Covid had a devastating impact on the business, which it is still trying re invent, with such things as on line classes and further marketing to improve the provision of personal training on a one to one basis.Although the total impact is still uncertain, the director believes that it is appropriate to prepare the accounts on a going concern basis and will continue to support the business.