Company Registration No. 12072932 (England and Wales)
NR Health & Fitness Club (Dereham) Ltd
Unaudited accounts
for the year ended 31 December 2024
NR Health & Fitness Club (Dereham) Ltd
Unaudited accounts
Contents
NR Health & Fitness Club (Dereham) Ltd
Company Information
for the year ended 31 December 2024
Directors
Nikkita J Gostling
Nathan Gostling
Company Number
12072932 (England and Wales)
Registered Office
12 Norwich Street
Dereham
NORFOLK
NR19 1BX
United Kingdom
Accountants
Arithmo Accountancy Ltd
Meadow Barn
Low Road
North Tuddenham, Dereham
NORFOLK
NR20 3AB
NR Health & Fitness Club (Dereham) Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
2,419
7,263
Tangible assets
44,868
26,872
Cash at bank and in hand
86,214
86,550
Creditors: amounts falling due within one year
(102,975)
(63,241)
Net current assets
49,728
85,851
Total assets less current liabilities
97,015
119,986
Creditors: amounts falling due after more than one year
(18,399)
(1,889)
Provisions for liabilities
Deferred tax
(4,743)
(4,658)
Called up share capital
100
100
Profit and loss account
73,773
113,339
Shareholders' funds
73,873
113,439
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.
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 of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Nathan Gostling
Director
Company Registration No. 12072932
NR Health & Fitness Club (Dereham) Ltd
Notes to the Accounts
for the year ended 31 December 2024
NR Health & Fitness Club (Dereham) Ltd is a private company, limited by shares, registered in England and Wales, registration number 12072932. The registered office is 12 Norwich Street, Dereham, NORFOLK, NR19 1BX, United Kingdom.
2
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, 25 & 33% Straight Line
Fixtures & fittings
20% Straight line
Computer equipment
33% Straight line
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
NR Health & Fitness Club (Dereham) Ltd
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total
At 31 December 2024
29,058
At 31 December 2024
26,639
5
Tangible fixed assets
Total
At 31 December 2024
111,885
Charge for the year
15,266
At 31 December 2024
67,017
At 31 December 2024
44,868
At 31 December 2023
26,872
NR Health & Fitness Club (Dereham) Ltd
Notes to the Accounts
for the year ended 31 December 2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
25,843
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
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
21,139
14,650
Later than one year and not later than five years
74,004
54,936
8
Transactions with related parties
Related Party Transactions – Loans Receivable
At the reporting date, the company had outstanding loans receivable totalling £55,959 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
At the reporting date, the company had outstanding loans totalling £29,092 owed to 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.
Operating Lease Guarantees
At the balance sheet date, the operating lease obligations of the company (note 7) are secured by a personal guarantee provided by the director. No charge has been made by the director for providing this guarantee and it has been given in the normal course of business.
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
10
Average number of employees
During the year the average number of employees was 12 (2023: 9).