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REGISTERED NUMBER: 12130960 (England and Wales)
























ONE ATHLETE FITNESS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






ONE ATHLETE FITNESS LIMITED (REGISTERED NUMBER: 12130960)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


ONE ATHLETE FITNESS LIMITED (REGISTERED NUMBER: 12130960)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,600 31,511

CURRENT ASSETS
Cash at bank 759 814

CREDITORS
Amounts falling due within one year 5 75,773 81,080
NET CURRENT LIABILITIES (75,014 ) (80,266 )
TOTAL ASSETS LESS CURRENT LIABILITIES (45,414 ) (48,755 )

CREDITORS
Amounts falling due after more than one
year

6

23,500

23,500
NET LIABILITIES (68,914 ) (72,255 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (69,014 ) (72,355 )
(68,914 ) (72,255 )

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

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

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2025 and were signed by:




S Clark - Director


ONE ATHLETE FITNESS LIMITED (REGISTERED NUMBER: 12130960)

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


1. STATUTORY INFORMATION

One Athlete Fitness Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12130960

Registered office: 6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

ONE ATHLETE FITNESS LIMITED (REGISTERED NUMBER: 12130960)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2023 48,228 8,264 56,492
Additions 5,051 - 5,051
At 31 July 2024 53,279 8,264 61,543
DEPRECIATION
At 1 August 2023 23,741 1,240 24,981
Charge for year 5,908 1,054 6,962
At 31 July 2024 29,649 2,294 31,943
NET BOOK VALUE
At 31 July 2024 23,630 5,970 29,600
At 31 July 2023 24,487 7,024 31,511

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Taxation and social security 44,054 47,765
Other creditors 25,719 27,315
75,773 81,080

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 23,500 23,500

7. RELATED PARTY DISCLOSURES

During the year, Mr S. Clark (Director) loaned the company money with no set repayment date. At the year end the amount due from the company to the director was £21,122 (2023: £17,239).

No dividends were declared in either this or the previous financial year.

8. CONTROLLING PARTY

The company is controlled by Mr S. Clark by virtue of his majority shareholding.

ONE ATHLETE FITNESS LIMITED (REGISTERED NUMBER: 12130960)

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


9. GOING CONCERN

The director recognises that the company has an insolvent balance sheet, but believes that existing cash resources, profit and cash generation will be sufficient to meet the company's obligations for a period of at least 12 months.

The director has also given assurance that he will support the company financially through personal funds until it is in a solvent position again. The director therefore continues to adopt the going concern basis in preparing the financial statements.