REGISTERED NUMBER: 04344057 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ST FITNESS EQUIPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W I Stirrup

SECRETARY:

Mrs J A H Stirrup

REGISTERED OFFICE:

Leeds Street Industrial Estate

Unit 6A

Leeds Street

Wigan

WN3 4BW

REGISTERED NUMBER:

04344057 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

BANKERS:

National Westminster Bank plc

Walkden Branch

61 Bolton Road

Walkden

Worsley

M28 3BY

FIXED ASSETS

Tangible assets

4

16,533

19,897

CURRENT ASSETS

Stocks

2,320

1,250

Debtors

5

7,368

8,137

Prepayments and accrued income

1,151

1,338

Cash at bank

97,967

80,940

108,806

91,665

CREDITORS

Amounts falling due within one year

6

59,897

84,433

NET CURRENT ASSETS

48,909

7,232

TOTAL ASSETS LESS CURRENT LIABILITIES

65,442

27,129

PROVISIONS FOR LIABILITIES

3,141

3,780

NET ASSETS

62,301

23,349

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

62,201

23,249

SHAREHOLDERS' FUNDS

62,301

23,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 29 September 2025 and were signed by:

W I Stirrup - Director

1.	STATUTORY INFORMATION

ST Fitness Equipment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

17,822

57,550

75,372

Additions

1,499

-

1,499

At 31 December 2024

19,321

57,550

76,871

DEPRECIATION

At 1 January 2024

15,219

40,256

55,475

Charge for year

540

4,323

4,863

At 31 December 2024

15,759

44,579

60,338

NET BOOK VALUE

At 31 December 2024

3,562

12,971

16,533

At 31 December 2023

2,603

17,294

19,897

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

6,936

8,137

Social security and other

taxes

432

-

7,368

8,137

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,630

1,257

Tax

12,088

6,378

VAT

9,639

8,379

Other creditors

-

(314

)

Directors current account

35,010

67,268

Accrued expenses

1,530

1,465

59,897

84,433

7.	RELATED PARTY DISCLOSURES

The company occupies property belonging to Mr W I Stirrup, the director of the company and paid a commercial rent of £18,000 31 December 2024 (2023 - £15,000).

8.	ULTIMATE CONTROLLING PARTY

The company is under control of Mr & Mrs Stirrup who hold the entire share capital.