Registered number
06756845
Branx Fitness Limited
Unaudited Filleted Accounts
30 September 2024
Branx Fitness Limited
Registered number: 06756845
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,414 29,169
25,414 29,169
Current assets
Stocks 68,000 59,544
Debtors 4 143,000 143,000
Cash at bank and in hand 497,039 698,088
708,039 900,632
Creditors: amounts falling due within one year 5 (43,612) (47,650)
Net current assets 664,427 852,982
Total assets less current liabilities 689,841 882,151
Provisions for liabilities (1,181) (1,181)
Net assets 688,660 880,970
Capital and reserves
Called up share capital 2 2
Profit and loss account 688,658 880,968
Shareholders' funds 688,660 880,970
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. B. Tojagic
Director
Approved by the board on 23 May 2025
Branx Fitness Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Fixtures, fittings, tools and equipment 25% reducing balance
Motor vehicles 20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 12,457 46,250 58,707
Additions 4,400 26,349 30,749
Surplus on revaluation - - -
Disposals - (26,400) (26,400)
At 30 September 2024 16,857 46,199 63,056
Depreciation
At 1 October 2023 9,688 19,850 29,538
Charge for the year 2,834 5,270 8,104
Surplus on revaluation - - -
On disposals - - -
At 30 September 2024 12,522 25,120 37,642
Net book value
At 30 September 2024 4,335 21,079 25,414
At 30 September 2023 2,769 26,400 29,169
4 Debtors 2024 2023
£ £
Other debtors 143,000 143,000
143,000 143,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 41,616 46,655
Other creditors 1,996 995
43,612 47,650
6 Other information
Branx Fitness Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flint Park - Barley Road
Heydon
Royston
Hertfordshire
SG8 7PU
Branx Fitness Limited 06756845 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Mr. B. Tojagic No description of principal activity 06756845 2022-10-01 2023-09-30 06756845 core:WithinOneYear 2023-09-30 06756845 core:ShareCapital 2023-09-30 06756845 core:RetainedEarningsAccumulatedLosses 2023-09-30 06756845 2023-10-01 2024-09-30 06756845 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06756845 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 06756845 bus:Director40 2023-10-01 2024-09-30 06756845 1 2023-10-01 2024-09-30 06756845 2 2023-10-01 2024-09-30 06756845 core:PlantMachinery 2023-10-01 2024-09-30 06756845 core:Vehicles 2023-10-01 2024-09-30 06756845 countries:England 2023-10-01 2024-09-30 06756845 bus:FRS102 2023-10-01 2024-09-30 06756845 bus:FilletedAccounts 2023-10-01 2024-09-30 06756845 2024-09-30 06756845 core:WithinOneYear 2024-09-30 06756845 core:ShareCapital 2024-09-30 06756845 core:RetainedEarningsAccumulatedLosses 2024-09-30 06756845 core:PlantMachinery 2024-09-30 06756845 core:Vehicles 2024-09-30 06756845 2023-09-30 06756845 core:PlantMachinery 2023-09-30 06756845 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure