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Registration number: NI680199

Crossfit Livin Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Crossfit Livin Ltd

(Registration number: NI680199)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,849

5,909

Current assets

 

Debtors

5

4,832

-

Cash at bank and in hand

 

12,530

1,094

 

17,362

1,094

Creditors: Amounts falling due within one year

6

(5,591)

(2,166)

Net current assets/(liabilities)

 

11,771

(1,072)

Total assets less current liabilities

 

16,620

4,837

Creditors: Amounts falling due after more than one year

6

(16,104)

(4,982)

Net assets/(liabilities)

 

516

(145)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

514

(147)

Shareholders' funds/(deficit)

 

516

(145)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Crossfit Livin Ltd

(Registration number: NI680199)
Balance Sheet as at 30 June 2024

Approved and authorised by the director on 19 March 2025
 

.........................................
Mrs Lorna Heyes
Director

   
     
 

Crossfit Livin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 43 Bentra Road, Ballycarry, Carrickfergus, Co. Antrim, BT38 9JY.

These financial statements were authorised for issue by the director on 19 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

15% straight line basis

 

Crossfit Livin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Crossfit Livin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

7,063

7,063

At 30 June 2024

7,063

7,063

Depreciation

At 1 July 2023

1,154

1,154

Charge for the year

1,060

1,060

At 30 June 2024

2,214

2,214

Carrying amount

At 30 June 2024

4,849

4,849

At 30 June 2023

5,909

5,909

5

Debtors

2024
£

2023
£

Prepayments

4,832

-

4,832

-

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

3,527

-

Accruals and deferred income

 

2,064

2,166

 

5,591

2,166

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

16,104

4,982

 

Crossfit Livin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

15,890

-

Directors loan account

214

4,982

16,104

4,982

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,527

-