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REGISTERED NUMBER: 10429518 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ASCENDANCY FITNESS LTD

ASCENDANCY FITNESS LTD (REGISTERED NUMBER: 10429518)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASCENDANCY FITNESS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







Directors: Mr C P Leah
Mr J Bramhall





Registered office: Unit 3b First, Penketh Business Park
Liverpool Road
Great Sankey
Warrington
Cheshire
WA5 2TJ





Registered number: 10429518 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

ASCENDANCY FITNESS LTD (REGISTERED NUMBER: 10429518)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,303 96,848

CURRENT ASSETS
Debtors 5 728 10,333
Cash at bank and in hand 4,648 19,836
5,376 30,169
CREDITORS
Amounts falling due within one year 6 54,059 55,741
NET CURRENT LIABILITIES (48,683 ) (25,572 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,620

71,276

CREDITORS
Amounts falling due after more than one
year

7

(54,999

)

(65,728

)

PROVISIONS FOR LIABILITIES 8 (2,525 ) -
NET ASSETS 19,096 5,548

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 18,996 5,448
SHAREHOLDERS' FUNDS 19,096 5,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





Mr C P Leah - Director


ASCENDANCY FITNESS LTD (REGISTERED NUMBER: 10429518)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Ascendancy Fitness Ltd 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
Turnover 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.
Plant and machinery - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

ASCENDANCY FITNESS LTD (REGISTERED NUMBER: 10429518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023 171,505
Additions 60,622
At 31 October 2024 232,127
DEPRECIATION
At 1 November 2023 74,657
Charge for year 32,167
At 31 October 2024 106,824
NET BOOK VALUE
At 31 October 2024 125,303
At 31 October 2023 96,848

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 728 10,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 2,000 2,130
Trade creditors - 103
Taxation and social security 1,863 184
Other creditors 50,196 53,324
54,059 55,741

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 1,000 2,871
Other creditors 53,999 62,857
54,999 65,728

8. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 2,525 -

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during year 2,525
Balance at 31 October 2024 2,525

ASCENDANCY FITNESS LTD (REGISTERED NUMBER: 10429518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100