2023-10-012024-09-302024-09-30false11566028THE FITNESS HUB OLNEY 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THE FITNESS HUB OLNEY LTD

Registered Number
11566028
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

THE FITNESS HUB OLNEY LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

MASON, Natasha

Registered Address

Incon House
Stilebrook Road
Olney
MK46 5EA

Registered Number

11566028 (England and Wales)
THE FITNESS HUB OLNEY LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets373,47662,730
73,47662,730
Current assets
Stocks4733700
Debtors650266
Cash at bank and on hand65,60542,318
66,98843,284
Prepayments and accrued income2,500-
Creditors amounts falling due within one year5(31,983)(23,992)
Net current assets (liabilities)37,50519,292
Total assets less current liabilities110,98182,022
Accruals and deferred income(850)(850)
Net assets110,13181,172
Capital and reserves
Called up share capital11
Profit and loss account110,13081,171
Shareholders' funds110,13181,172
The financial statements were approved and authorised for issue by the Director on 27 March 2025, and are signed on its behalf by:
MASON, Natasha
Director
Registered Company No. 11566028
THE FITNESS HUB OLNEY LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 October 2356,56999,912156,481
Additions3,87429,22533,099
At 30 September 2460,443129,137189,580
Depreciation and impairment
At 01 October 2335,34258,40993,751
Charge for year6,01816,33522,353
At 30 September 2441,36074,744116,104
Net book value
At 30 September 2419,08354,39373,476
At 30 September 2321,22741,50362,730
4.Stocks

2024

2023

££
Other stocks733700
Total733700
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables11,265-
Taxation and social security4,30310,665
Other creditors16,41513,327
Total31,98323,992
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.
6.Creditors: amounts due after one year