Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13068906 Mr P Booth Miss K Blaver iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13068906 2023-12-31 13068906 2024-12-31 13068906 2024-01-01 2024-12-31 13068906 frs-core:CurrentFinancialInstruments 2024-12-31 13068906 frs-core:Non-currentFinancialInstruments 2024-12-31 13068906 frs-core:BetweenOneFiveYears 2024-12-31 13068906 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 13068906 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 13068906 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 13068906 frs-core:MoreThanFiveYears 2024-12-31 13068906 frs-core:PlantMachinery 2024-12-31 13068906 frs-core:PlantMachinery 2024-01-01 2024-12-31 13068906 frs-core:PlantMachinery 2023-12-31 13068906 frs-core:WithinOneYear 2024-12-31 13068906 frs-core:ShareCapital 2024-12-31 13068906 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13068906 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13068906 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13068906 frs-bus:SmallEntities 2024-01-01 2024-12-31 13068906 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13068906 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13068906 frs-bus:Director1 2024-01-01 2024-12-31 13068906 frs-bus:Director2 2024-01-01 2024-12-31 13068906 frs-countries:EnglandWales 2024-01-01 2024-12-31 13068906 2022-12-31 13068906 2023-12-31 13068906 2023-01-01 2023-12-31 13068906 frs-core:CurrentFinancialInstruments 2023-12-31 13068906 frs-core:Non-currentFinancialInstruments 2023-12-31 13068906 frs-core:BetweenOneFiveYears 2023-12-31 13068906 frs-core:MoreThanFiveYears 2023-12-31 13068906 frs-core:WithinOneYear 2023-12-31 13068906 frs-core:ShareCapital 2023-12-31 13068906 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13068906
Sanctuary Gym & Fitness Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13068906
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 172,227 195,861
172,227 195,861
CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 39,054 38,220
Cash at bank and in hand 1,562 107
42,616 40,327
Creditors: Amounts Falling Due Within One Year 7 (299,734 ) (282,585 )
NET CURRENT ASSETS (LIABILITIES) (257,118 ) (242,258 )
TOTAL ASSETS LESS CURRENT LIABILITIES (84,891 ) (46,397 )
Creditors: Amounts Falling Due After More Than One Year 8 (134,110 ) (149,988 )
NET LIABILITIES (219,001 ) (196,385 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (219,101 ) (196,485 )
SHAREHOLDERS' FUNDS (219,001) (196,385)
Page 1
Page 2
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 P Booth
Director
26 September 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sanctuary Gym & Fitness Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13068906 . The registered office is C/O Seftons, 135 - 143 Union Street, Oldham, Lancashire, OL1 1TE.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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.
2.4. 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:
Leasehold 10% on net book value
Plant & Machinery between 15% and 25% on net book value
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
Page 3
Page 4
2.6. 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.
2.7. 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 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 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2024 79,204 185,636 264,840
Additions - 4,524 4,524
As at 31 December 2024 79,204 190,160 269,364
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 January 2024 14,424 54,555 68,979
Provided during the period 6,478 21,680 28,158
As at 31 December 2024 20,902 76,235 97,137
Net Book Value
As at 31 December 2024 58,302 113,925 172,227
As at 1 January 2024 64,780 131,081 195,861
5. Stocks
2024 2023
£ £
Stock 2,000 2,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 39,054 38,220
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,000 25,000
Trade creditors 50,369 78,634
Bank loans and overdrafts 24,750 5,840
Other creditors 159,713 122,938
Taxation and social security 39,902 50,173
299,734 282,585
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 129,789 140,563
Bank loans 4,321 9,425
134,110 149,988
Page 5
Page 6
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 25,000 25,000
Later than one year and not later than five years 129,789 140,563
154,789 165,563
154,789 165,563
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 49,820 -
Later than one year and not later than five years 199,280 -
Later than five years 49,820 -
298,920 -
Page 6