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Company Registration No. 08189591 (England and Wales)
Tate Wellness Limited Unaudited accounts for the year ended 31 August 2024
Tate Wellness Limited Unaudited accounts Contents
Page
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Tate Wellness Limited Company Information for the year ended 31 August 2024
Director
S Tate
Company Number
08189591 (England and Wales)
Registered Office
10 Verulam Avenue London E17 8ER
Accountants
Ashby & Company Flat 5 2 Courts Hill Road Haslemere Surrey GU27 2EG
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Tate Wellness Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,715 
4,409 
Current assets
Debtors
10,024 
14,065 
Cash at bank and in hand
417 
5 
10,441 
14,070 
Creditors: amounts falling due within one year
(8,304)
(9,449)
Net current assets
2,137 
4,621 
Total assets less current liabilities
4,852 
9,030 
Creditors: amounts falling due after more than one year
(4,106)
(8,142)
Provisions for liabilities
Deferred tax
(515)
(837)
Net assets
231 
51 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
221 
41 
Shareholders' funds
231 
51 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 May 2025 and were signed on its behalf by
S Tate Director Company Registration No. 08189591
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Tate Wellness Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Tate Wellness Limited is a private company, limited by shares, registered in England and Wales, registration number 08189591. The registered office is 10 Verulam Avenue, London, E17 8ER.
2
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for personal training services provided in the normal course of business. The fair value of consideration takes into account trade discounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 year straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Basic financial instruments are recognised at amortised cost.
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Tate Wellness Limited Notes to the Accounts for the year ended 31 August 2024
3
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
10,435 
At 31 August 2024
10,435 
Depreciation
At 1 September 2023
6,026 
Charge for the year
1,694 
At 31 August 2024
7,720 
Net book value
At 31 August 2024
2,715 
At 31 August 2023
4,409 
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,903 
2,484 
Other debtors
8,121 
11,581 
10,024 
14,065 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,056 
3,971 
Other creditors
3,214 
3,596 
Accruals
1,034 
1,882 
8,304 
9,449 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,106 
8,142 
The loan is secured by the government
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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Tate Wellness Limited Notes to the Accounts for the year ended 31 August 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S Tate
Loan
8,447 
- 
6,429 
2,018 
8,447 
- 
6,429 
2,018 
The loan to the director is unsecured and repayable on demand. Interest of £nil (2023: £ 204) has been charged at the official rate.
9
Transactions with related parties
Amounts owed by related parties Entities under common control Included in other debtors at the balance sheet date is amount of £ 4,309 (2023: £ 1,338) owed by an entity under common control. The amount due is unsecured, interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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