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REGISTERED NUMBER: 04577813 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 December 2024

for

Chapel Health and Fitness Studio Limited

Chapel Health and Fitness Studio Limited (Registered number: 04577813)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Chapel Health and Fitness Studio Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: A J M Dandy



SECRETARY: A J M Dandy



REGISTERED OFFICE: Prince William House
10 Lower church Street
Ashby De La Zouch
Leicestershire
LE65 1AB



REGISTERED NUMBER: 04577813 (England and Wales)



ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB



BANKERS: National Westminister Bank Plc
Market Place
Loughborough
Leicestershire
LE11 3NZ

Chapel Health and Fitness Studio Limited (Registered number: 04577813)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,804 14,408
10,804 14,408

CURRENT ASSETS
Cash at bank and in hand 9,254 6,186

CREDITORS
Amounts falling due within one year 6 30,913 27,070
NET CURRENT LIABILITIES (21,659 ) (20,884 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,855

)

(6,476

)

CREDITORS
Amounts falling due after more than one
year

7

(12,214

)

(5,214

)

PROVISIONS FOR LIABILITIES (2,053 ) (2,738 )
NET LIABILITIES (25,122 ) (14,428 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (25,222 ) (14,528 )
SHAREHOLDERS' FUNDS (25,122 ) (14,428 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Chapel Health and Fitness Studio Limited (Registered number: 04577813)

Statement of Financial Position - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2025 and were signed by:





A J M Dandy - Director


Chapel Health and Fitness Studio Limited (Registered number: 04577813)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Chapel Health and Fitness Studio Limited 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.

Goodwill
Acquired goodwill is written off in equal annual instalments over its useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Going concern
These accounts have been prepared on a going concern basis which assumes the continuing support of the company's directors and bankers.

Chapel Health and Fitness Studio Limited (Registered number: 04577813)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Loans from directors
Any loans from the Director's to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 4,500
AMORTISATION
At 1 January 2024
and 31 December 2024 4,500
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 34,324 10,870 45,194
DEPRECIATION
At 1 January 2024 23,957 6,829 30,786
Charge for year 2,594 1,010 3,604
At 31 December 2024 26,551 7,839 34,390
NET BOOK VALUE
At 31 December 2024 7,773 3,031 10,804
At 31 December 2023 10,367 4,041 14,408

Chapel Health and Fitness Studio Limited (Registered number: 04577813)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,333 3,293
Other loans 6,486 -
Trade creditors 326 300
Social security and other taxes 199 154
Other creditors 26 28
Net wages 1,847 1,559
Directors' current accounts 17,142 20,241
Accrued expenses 1,554 1,495
30,913 27,070

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,944 3,293
Bank loans - 2-5 years - 1,921
Other loans - 1-2 years 6,486 -
Other loans - 2-5 years 3,784 -
12,214 5,214