Silverfin false false 30/06/2024 22/06/2023 30/06/2024 L Girling 22/06/2023 W Tse 22/06/2023 20 March 2025 The Principle activity for the Company during the period was the sale of gym memberships 14955015 2024-06-30 14955015 bus:Director1 2024-06-30 14955015 bus:Director2 2024-06-30 14955015 core:CurrentFinancialInstruments 2024-06-30 14955015 core:ShareCapital 2024-06-30 14955015 core:RetainedEarningsAccumulatedLosses 2024-06-30 14955015 core:LandBuildings 2023-06-21 14955015 core:OtherPropertyPlantEquipment 2023-06-21 14955015 2023-06-21 14955015 core:LandBuildings 2024-06-30 14955015 core:OtherPropertyPlantEquipment 2024-06-30 14955015 bus:OrdinaryShareClass1 2024-06-30 14955015 2023-06-22 2024-06-30 14955015 bus:FilletedAccounts 2023-06-22 2024-06-30 14955015 bus:SmallEntities 2023-06-22 2024-06-30 14955015 bus:AuditExemptWithAccountantsReport 2023-06-22 2024-06-30 14955015 bus:PrivateLimitedCompanyLtd 2023-06-22 2024-06-30 14955015 bus:Director1 2023-06-22 2024-06-30 14955015 bus:Director2 2023-06-22 2024-06-30 14955015 core:LandBuildings core:TopRangeValue 2023-06-22 2024-06-30 14955015 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-06-22 2024-06-30 14955015 core:LandBuildings 2023-06-22 2024-06-30 14955015 core:OtherPropertyPlantEquipment 2023-06-22 2024-06-30 14955015 bus:OrdinaryShareClass1 2023-06-22 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14955015 (England and Wales)

LEAN FIT (SOUTHAMPTON) LTD

Unaudited Financial Statements
For the financial period from 22 June 2023 to 30 June 2024
Pages for filing with the registrar

LEAN FIT (SOUTHAMPTON) LTD

Unaudited Financial Statements

For the financial period from 22 June 2023 to 30 June 2024

Contents

LEAN FIT (SOUTHAMPTON) LTD

BALANCE SHEET

As at 30 June 2024
LEAN FIT (SOUTHAMPTON) LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 30.06.2024
£
Fixed assets
Tangible assets 3 13,820
13,820
Current assets
Stocks 4 121
Debtors 5 24,900
Cash at bank and in hand 6,106
31,127
Creditors: amounts falling due within one year 6 ( 68,956)
Net current liabilities (37,829)
Total assets less current liabilities (24,009)
Net liabilities ( 24,009)
Capital and reserves
Called-up share capital 7 500
Profit and loss account ( 24,509 )
Total shareholders' deficit ( 24,009)

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Lean Fit (Southampton) Ltd (registered number: 14955015) were approved and authorised for issue by the Board of Directors on 20 March 2025. They were signed on its behalf by:

L Girling
Director
LEAN FIT (SOUTHAMPTON) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 June 2023 to 30 June 2024
LEAN FIT (SOUTHAMPTON) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 22 June 2023 to 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Lean Fit (Southampton) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Glenmore Business Park Lime Kiln Lane, Holbury, Southampton, SO45 2AR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

Reporting period length from 22nd June 2023 to 30th June 2024.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 5 years straight line
Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
22.06.2023 to
30.06.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 9

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 22 June 2023 0 0 0
Additions 6,992 10,060 17,052
At 30 June 2024 6,992 10,060 17,052
Accumulated depreciation
At 22 June 2023 0 0 0
Charge for the financial period 1,256 1,976 3,232
At 30 June 2024 1,256 1,976 3,232
Net book value
At 30 June 2024 5,736 8,084 13,820

4. Stocks

30.06.2024
£
Stocks 121

5. Debtors

30.06.2024
£
Amounts owed by associates 10,460
Other debtors 14,440
24,900

6. Creditors: amounts falling due within one year

30.06.2024
£
Trade creditors 2,837
Amounts owed to associates 45,949
Other taxation and social security 354
Other creditors 19,816
68,956

7. Called-up share capital

30.06.2024
£
Allotted, called-up and fully-paid
500 Ordinary shares of £ 1.00 each 500

8. Related party transactions

Other related party transactions

30.06.2024
£
Key Personnel 500