Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 7726583 Mr Ketan Patel Mrs Nita Patel Mrs Rajeshri Rajani Mr Satish Parmar Mr Suresh Patel Mrs Anita Parmar Ms Jyosna Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7726583 2023-12-31 7726583 2024-12-31 7726583 2024-01-01 2024-12-31 7726583 frs-core:CurrentFinancialInstruments 2024-12-31 7726583 frs-core:Non-currentFinancialInstruments 2024-12-31 7726583 frs-core:BetweenOneFiveYears 2024-12-31 7726583 frs-core:FurnitureFittings 2024-12-31 7726583 frs-core:FurnitureFittings 2024-01-01 2024-12-31 7726583 frs-core:FurnitureFittings 2023-12-31 7726583 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 7726583 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 7726583 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 7726583 frs-core:WithinOneYear 2024-12-31 7726583 frs-core:ShareCapital 2024-12-31 7726583 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 7726583 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 7726583 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 7726583 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 7726583 frs-bus:SmallEntities 2024-01-01 2024-12-31 7726583 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 7726583 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 7726583 frs-bus:Director1 2024-01-01 2024-12-31 7726583 frs-bus:Director2 2024-01-01 2024-12-31 7726583 frs-bus:Director3 2024-01-01 2024-12-31 7726583 frs-bus:Director4 2024-01-01 2024-12-31 7726583 frs-bus:Director5 2024-01-01 2024-12-31 7726583 frs-bus:Director6 2024-01-01 2024-12-31 7726583 frs-bus:Director7 2024-01-01 2024-12-31 7726583 frs-core:CurrentFinancialInstruments 3 2024-12-31 7726583 frs-core:CurrentFinancialInstruments 4 2024-12-31 7726583 frs-core:CurrentFinancialInstruments 7 2024-12-31 7726583 frs-countries:EnglandWales 2024-01-01 2024-12-31 7726583 2022-12-31 7726583 2023-12-31 7726583 2023-01-01 2023-12-31 7726583 frs-core:CurrentFinancialInstruments 2023-12-31 7726583 frs-core:Non-currentFinancialInstruments 2023-12-31 7726583 frs-core:BetweenOneFiveYears 2023-12-31 7726583 frs-core:WithinOneYear 2023-12-31 7726583 frs-core:ShareCapital 2022-12-31 7726583 frs-core:ShareCapital 2023-12-31 7726583 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 7726583 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-12-31 7726583 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 7726583 frs-core:CurrentFinancialInstruments 3 2023-12-31 7726583 frs-core:CurrentFinancialInstruments 4 2023-12-31 7726583 frs-core:CurrentFinancialInstruments 5 2023-12-31 7726583 frs-core:CurrentFinancialInstruments 6 2023-12-31 7726583 frs-core:CurrentFinancialInstruments 7 2023-12-31 7726583 frs-core:CurrentFinancialInstruments 8 2023-12-31
Registered number: 7726583
Finedon Road Fitness Club Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Finedon Road Fitness Club Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4—8

Page 1
Finedon Road Fitness Club Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 7726583

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,351,477 |  | 1,235,496
|  |  | 1,351,477 |  | 1,235,496
CURRENT ASSETS
Stocks | 5 | 1,000 |  | 5,250 |
Debtors | 6 | 48,236 |  | 57,370 |
Cash at bank and in hand |  | 36,402 |  | 54,640 |
|  | 85,638 |  | 117,260 |
Creditors: Amounts Falling Due Within One Year | 7 | (309,193 ) |  | (350,693 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (223,555 ) |  | (233,433 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,127,922 |  | 1,002,063
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (302,724 ) |  | (288,247 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (63,885 ) |  | (55,470 )
NET ASSETS |  |  | 761,313 |  | 658,346
CAPITAL AND RESERVES
Called up share capital | 10 |  | 506,408 |  | 506,408
Profit and Loss Account |  |  | 254,905 |  | 151,938
SHAREHOLDERS' FUNDS |  |  | 761,313 |  | 658,346

Page 1
Page 2
Finedon Road Fitness Club Ltd
Balance Sheet (continued)
As At 31 December 2024
For the year ending 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Ketan Patel Director
13/08/2025

The notes on pages 4 to 8 form part of these financial statements.
Page 2
Page 3
Finedon Road Fitness Club Ltd
Statement of Changes in Equity
For The Year Ended 31 December 2024
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 January 2023 | 506,408 | 141,433 | 647,841
Profit for the year and total comprehensive income | - | 10,505 | 10,505
As at 31 December 2023 and 1 January 2024 | 506,408 | 151,938 | 658,346
Profit for the year and total comprehensive income | - | 102,967 | 102,967
As at 31 December 2024 | 506,408 | 254,905 | 761,313

Page 3
Page 4
Finedon Road Fitness Club Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Finedon Road Fitness Club Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 7726583 . The registered office is 109E Finedon Road, Wellingborough, Northants, NN8 4AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | Nil
Fixtures & Fittings | 10% RB

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and then subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded within profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt.Debtors do not carry interest and are stated at their nominal value. Trade creditors are not interest-bearing and are stated at their nominal value.Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.
Page 4
Page 5
Finedon Road Fitness Club Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. 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 statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2024 |  | 2023
--- | --- | --- | ---
Office and administration | 4 |  | 3
Sales, marketing and distribution | 33 |  | 30
| 37 |  | 33

Page 5
Page 6
Finedon Road Fitness Club Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Fixtures & Fittings | Total
| £ | £ | £
Cost
As at 1 January 2024 | 871,559 | 475,655 | 1,347,214
Additions | 18,150 | 131,057 | 149,207
As at 31 December 2024 | 889,709 | 606,712 | 1,496,421
Depreciation
As at 1 January 2024 | - | 111,718 | 111,718
Provided during the period | - | 33,226 | 33,226
As at 31 December 2024 | - | 144,944 | 144,944
Net Book Value
As at 31 December 2024 | 889,709 | 461,768 | 1,351,477
As at 1 January 2024 | 871,559 | 363,937 | 1,235,496

Cost or valuation as at 31 December 2024 represented by:

| Land & Property
--- | ---
| Freehold | Fixtures & Fittings | Total
| £ | £ | £
At cost | 889,709 | 606,712 | 1,496,421
| 889,709 | 606,712 | 1,496,421

5. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stock | 1,000 |  | 3,830
Materials | - |  | 1,420
| 1,000 |  | 5,250

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 580 |  | 400
Prepayments and accrued income | 21,695 |  | 14,049
Other debtors | - |  | 1,218
Deferred tax current asset | 25,961 |  | 41,703
| 48,236 |  | 57,370

Page 6
Page 7
Finedon Road Fitness Club Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 38,083 |  | 21,918
Trade creditors | 22,909 |  | 39,288
Bank loans and overdrafts | 43,139 |  | 43,237
P.A.Y.E | 6,882 |  | 8,461
VAT | 40,792 |  | 54,417
S Patel Loan < 1 year | - |  | 5,684
Deferred Income | 44,513 |  | 42,868
Pension Control Account | 3,601 |  | 1,509
Kilby Motors Loan < 1 yr | - |  | 10,490
K Patel Loan < 1 yr | - |  | 3,005
Finedon Road Leisure Limited | 31,494 |  | 39,044
Other creditors (8) | - |  | 91
Accruals | 13,780 |  | 16,681
Directors' loan accounts | 64,000 |  | 64,000
| 309,193 |  | 350,693

8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 89,843 |  | 54,832
Bank loans | 212,881 |  | 233,415
| 302,724 |  | 288,247

9. Obligations Under Finance Leases and Hire Purchase

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 38,083 |  | 21,918
Later than one year and not later than five years | 89,843 |  | 54,832
| 127,926 |  | 76,750
| 127,926 |  | 76,750

10. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 506,408 |  | 506,408

11. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and do not carry interest and as such are stated at their nominal value, less any impairment on debtors.
Page 7
Page 8
Finedon Road Fitness Club Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
12. Capital Commitments
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Not later than one year | 13,496 |  | -
Later than one year and not later than five years | 66,025 |  | -
| 79,521 |  | -

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