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IPT FITNESS LIMITED

Registered Number
08602199
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

IPT FITNESS LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

LEULUNIU, Aimee Elizabeth
LEULUNIU, Masefau

Registered Address

Tn6 1dh C/O Glow Accounts Ltd
Pine Grove
Crowborough
TN6 1DH

Registered Number

08602199 (England and Wales)
IPT FITNESS LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets314,15712,047
14,15712,047
Current assets
Debtors43,0612,079
Cash at bank and on hand7,75912,820
10,82014,899
Creditors amounts falling due within one year5(20,795)(17,668)
Net current assets (liabilities)(9,975)(2,769)
Total assets less current liabilities4,1829,278
Creditors amounts falling due after one year6(3,160)(7,161)
Provisions for liabilities8(885)-
Net assets1372,117
Capital and reserves
Called up share capital100100
Profit and loss account372,017
Shareholders' funds1372,117
The financial statements were approved and authorised for issue by the Board of Directors on 27 April 2025, and are signed on its behalf by:
LEULUNIU, Aimee Elizabeth
Director
Registered Company No. 08602199
IPT FITNESS LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Land and buildings10
Plant and machinery4
Fixtures and fittings10
Office Equipment5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year34
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 August 236,91732,2094808,95048,556
Additions--7,535-7,535
At 31 July 246,91732,2098,0158,95056,091
Depreciation and impairment
At 01 August 232,47126,27387,75736,509
Charge for year6913,0464951,1935,425
At 31 July 243,16229,3195038,95041,934
Net book value
At 31 July 243,7552,8907,512-14,157
At 31 July 234,4465,9364721,19312,047
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables277205
Other debtors774146
Prepayments and accrued income2,0101,728
Total3,0612,079
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,4272,313
Bank borrowings and overdrafts2,001-
Taxation and social security16,36713,096
Finance lease and HP contracts-2,110
Other creditors-149
Total20,79517,668
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts3,1607,161
Total3,1607,161
7.Obligations under finance leases
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)885-
Total885-
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
LEULUNIU, Aimee Elizabeth06616610
06616610