Brett James Fitness Limited Filleted Accounts Cover
Brett James Fitness Limited
Company No. 08058367
Information for Filing with The Registrar
31 December 2024
Brett James Fitness Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2024.
Principal activities
The principal activity of the company during the year under review was that of a fitness centre.
Restatement
The 2023 comparative figures have been restated to report a more accurate recording of deferred income as at the 2023 balance sheet date and subsequently.  The restatement defers a greater amount of income than previously reported in the 2023 accounts.
Directors
The Directors who served at any time during the year were as follows:
S.C. Calva
J. Coxall
B.J. Durney
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
B.J. Durney
Director
13 June 2025
Brett James Fitness Limited Balance Sheet Registrar
at
31 December 2024
As Restated
Company No.
08058367
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
6,0006,600
Tangible assets
5
68,97868,722
74,97875,322
Current assets
Debtors
6
310,129262,767
Investments
7
-1,687
Cash at bank and in hand
70,516140,006
380,645404,460
Creditors: Amount falling due within one year
8
(97,339)
(150,285)
Net current assets
283,306254,175
Total assets less current liabilities
358,284329,497
Creditors: Amounts falling due after more than one year
9
(25,982)
(31,864)
Provisions for liabilities
Deferred taxation
(6,712)
-
Net assets
325,590297,633
Capital and reserves
Called up share capital
7979
Share premium account
10
125,355125,355
Profit and loss account
10
200,156172,199
Total equity
325,590297,633
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 13 June 2025 and signed on its behalf by:
B.J. Durney
Director
13 June 2025
Brett James Fitness Limited Notes to the Accounts Registrar
for the year ended 31 December 2024
1
General information
Brett James Fitness Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 08058367
Its registered office is:
12 Copperworks Apartments
57 Blackhorse Road
London
E17 7FN
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• 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 transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. Revenue from the sale of services is recognised when those services are delivered.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Leasehold land and buildings
10% Straight line
Plant and machinery
20% Straight line
Furniture, fittings and equipment
20% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
44
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 January 2024
12,00012,000
At 31 December 2024
12,00012,000
Amortisation and impairment
At 1 January 2024
5,4005,400
Charge for the year
600600
At 31 December 2024
6,0006,000
Net book values
At 31 December 2024
6,0006,000
At 31 December 2023
6,6006,600
Intangible assets represent the lease premium, being amortised over term of the lease.
5
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 January 2024
136,5804,687141,267
Additions
14,283-14,283
Disposals
(16,223)
-
(16,223)
At 31 December 2024
134,6404,687139,327
Depreciation
At 1 January 2024
70,1512,39472,545
Charge for the year
7,1214567,577
Disposals
(9,773)
-
(9,773)
At 31 December 2024
67,4992,85070,349
Net book values
At 31 December 2024
67,1411,83768,978
At 31 December 2023
66,429
2,293
68,722
6
Debtors
2024
2023
£
£
Trade debtors
-3,433
Other debtors
296,613247,255
Prepayments and accrued income
13,51612,079
310,129262,767
7
Current asset investments
2024
2023
£
£
Unlisted investments
-1,687
-1,687
8
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,8828,170
Taxes and social security
11,719
13,786
Other creditors
7,11619,310
Accruals and deferred income
72,622109,019
97,339150,285
9
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
25,98231,864
25,98231,864
10
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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