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
Tate Wellness Limited
Company Information
for the year ended 31 August 2024
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
Tate Wellness Limited
Statement of financial position
as at 31 August 2024
Tangible assets
2,715
4,409
Cash at bank and in hand
417
5
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
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
Tate Wellness Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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 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
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 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.
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.
Tate Wellness Limited
Notes to the Accounts
for the year ended 31 August 2024
3
Tangible fixed assets
Plant & machinery
At 1 September 2023
10,435
Amounts falling due within one year
Accrued income and prepayments
1,903
2,484
Other debtors
8,121
11,581
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,056
3,971
Other creditors
3,214
3,596
6
Creditors: amounts falling due after more than one year
2024
2023
The loan is secured by the government
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Tate Wellness Limited
Notes to the Accounts
for the year ended 31 August 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).