Company Registration No. 10575390 (England and Wales)
NR Health & Fitness Club Limited
Unaudited accounts
for the year ended 31 December 2024
NR Health & Fitness Club Limited
Unaudited accounts
Contents
NR Health & Fitness Club Limited
Company Information
for the year ended 31 December 2024
Company Number
10575390 (England and Wales)
Registered Office
12 Norwich Street
Dereham
NR10 1BX
ENGLAND
Accountants
Arithmo Accountancy Ltd
Meadow Barn
Low Road
North Tuddenham, Dereham
NORFOLK
NR20 3AB
NR Health & Fitness Club Limited
Statement of financial position
as at 31 December 2024
Intangible assets
16,336
20,697
Tangible assets
42,858
27,485
Cash at bank and in hand
88,409
51,785
Creditors: amounts falling due within one year
(74,040)
(66,037)
Net current assets
134,708
108,851
Total assets less current liabilities
193,902
157,033
Creditors: amounts falling due after more than one year
(19,909)
(14,325)
Provisions for liabilities
Deferred tax
(5,792)
(6,240)
Net assets
168,201
136,468
Called up share capital
100
100
Profit and loss account
168,101
136,368
Shareholders' funds
168,201
136,468
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2024 and were signed on its behalf by
Nathan Gostling
Director
Company Registration No. 10575390
NR Health & Fitness Club Limited
Notes to the Accounts
for the year ended 31 December 2024
NR Health & Fitness Club Limited is a private company, limited by shares, registered in England and Wales, registration number 10575390. The registered office is 12 Norwich Street, Dereham, NR10 1BX, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Fixtures & fittings
20% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
NR Health & Fitness Club Limited
Notes to the Accounts
for the year ended 31 December 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Intangible fixed assets
Total
At 31 December 2024
34,891
At 31 December 2024
18,555
At 31 December 2024
16,336
At 31 December 2023
20,697
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Tangible fixed assets
Total
At 31 December 2024
103,087
Charge for the year
20,107
At 31 December 2024
60,229
At 31 December 2024
42,858
At 31 December 2023
27,485
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
19,626
1,066
NR Health & Fitness Club Limited
Notes to the Accounts
for the year ended 31 December 2024
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Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,398
16,398
Later than one year and not later than five years
60,123
76,521
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Transactions with related parties
Related Party Transactions – Loans Receivable
At the reporting date, the company had outstanding loans receivable totalling £98,871 from fellow group undertakings. These loans are unsecured, interest-free, and repayable on demand. The amounts have been aggregated for disclosure purposes due to the similar nature and terms of the balances.
Related Party Transactions – Loans Payable
During the period Nathan Gostling, a director, continued to provide a loan to the company. At the end of the period the loan stood at £1,186. No interest is charged and the loan is repayable on demand
The company is a wholly owned subsidiary of NR Health & Fitness Club ( Holdings) Limited (Company No. 12940916) whose registered address is:
12 Norwich Street
Dereham
Norfolk
NR19 1BX
The ultimate controlling party is Nathan J Gostling who owns 100% of the parent company, NR Health & Fitness Club (Holdings) Limited
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Post balance sheet events
A lease of £28,717 was incorrectly classified as an operating lease in the prior year. The balance sheet amounts were correct, and the impact on profit and loss (£160) is immaterial. The classification has been corrected in the current year.
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Average number of employees
During the year the average number of employees was 8 (2023: 8).