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REGISTERED NUMBER: SC473480 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

NEW AGE FITNESS LTD

NEW AGE FITNESS LTD (REGISTERED NUMBER: SC473480)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

NEW AGE FITNESS LTD

Company Information
for the Year Ended 31 March 2025







DIRECTORS: C C Morley
S C Morley



REGISTERED OFFICE: 29 Brandon Street
Hamilton
ML3 6DA



REGISTERED NUMBER: SC473480 (Scotland)



ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA



BANKERS: The Royal Bank of Scotland
24/25 Princes Square
East Kilbride
G74 1LJ

NEW AGE FITNESS LTD (REGISTERED NUMBER: SC473480)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 822,232 1,053,396

CURRENT ASSETS
Debtors 6 75,045 86,432

CREDITORS
Amounts falling due within one year 7 411,148 505,661
NET CURRENT LIABILITIES (336,103 ) (419,229 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,129

634,167

CREDITORS
Amounts falling due after more than one
year

8

(180,368

)

(307,037

)

PROVISIONS FOR LIABILITIES (142,608 ) (190,253 )
NET ASSETS 163,153 136,877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 163,053 136,777
SHAREHOLDERS' FUNDS 163,153 136,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NEW AGE FITNESS LTD (REGISTERED NUMBER: SC473480)

Balance Sheet - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





C C Morley - Director


NEW AGE FITNESS LTD (REGISTERED NUMBER: SC473480)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

New Age Fitness Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover is derived from the gym operations and includes membership fees, joining fees, trainer fees and vending machine income.

Turnover therefore represents the value of these goods and services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Over the period of lease
Plant and machinery etc - Straight line over 5 years and Straight line over 3 years

At each balance sheet date, the company reviews the carrying amounts 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. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


NEW AGE FITNESS LTD (REGISTERED NUMBER: SC473480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 20 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 1,412,414 656,024 2,068,438
Additions - 5,128 5,128
Disposals - (13,061 ) (13,061 )
At 31 March 2025 1,412,414 648,091 2,060,505
DEPRECIATION
At 1 April 2024 597,089 417,953 1,015,042
Charge for year 143,551 92,741 236,292
Eliminated on disposal - (13,061 ) (13,061 )
At 31 March 2025 740,640 497,633 1,238,273
NET BOOK VALUE
At 31 March 2025 671,774 150,458 822,232
At 31 March 2024 815,325 238,071 1,053,396

NEW AGE FITNESS LTD (REGISTERED NUMBER: SC473480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 476,367
Transfer to ownership (167,855 )
At 31 March 2025 308,512
DEPRECIATION
At 1 April 2024 280,300
Charge for year 60,415
Transfer to ownership (153,866 )
At 31 March 2025 186,849
NET BOOK VALUE
At 31 March 2025 121,663
At 31 March 2024 196,067

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 58,550 55,779
Other debtors 16,495 30,653
75,045 86,432

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 150,536 149,743
Hire purchase contracts 55,003 57,821
Trade creditors 5,262 64,344
Taxation and social security 165,927 83,716
Other creditors 34,420 150,037
411,148 505,661

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 93,472 165,139
Hire purchase contracts 86,896 141,898
180,368 307,037

NEW AGE FITNESS LTD (REGISTERED NUMBER: SC473480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 78,869 72,189
Bank loans 165,139 242,693
Hire purchase contracts 141,899 199,719
385,907 514,601

The Royal Bank of Scotland Plc holds a bond and floating charge over the assets of the company as security against any amounts due to it.

The bank loans are supported by guarantees from the UK Government.

Hire purchase contracts are secured against the assets to which they relate.

10. PENSION COMMITMENTS

Included within other creditors are contributions totalling £1,665 (2024 - £1,601) which were due to the pension scheme at the year end.

11. RELATED PARTY DISCLOSURES

A director has provided the company with an unsecured, interest free loan that has no fixed repayment terms.

At the year end the company owed this director £11,718 (2024 - £119,718).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
New Age Fitness Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of New Age Fitness Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of New Age Fitness Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New Age Fitness Ltd and state those matters that we have agreed to state to the Board of Directors of New Age Fitness Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that New Age Fitness Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of New Age Fitness Ltd. You consider that New Age Fitness Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of New Age Fitness Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


1 August 2025