1 January 2024 false No description of principal activity Taxfiler 2024.6 13045943business:PrivateLimitedCompanyLtd2024-01-012024-12-31 130459432023-12-31 130459432024-01-012024-12-31 13045943business:AuditExemptWithAccountantsReport2024-01-012024-12-31 13045943business:AbridgedAccounts2024-01-012024-12-31 130459432024-12-31 13045943business:Director12024-01-012024-12-31 13045943business:RegisteredOffice2024-01-012024-12-31 130459432023-12-31 13045943core:WithinOneYear2024-12-31 13045943core:WithinOneYear2023-12-31 13045943core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 13045943core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 13045943core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 13045943core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 13045943core:PreviouslyStatedAmount2024-12-31 13045943core:PreviouslyStatedAmount2023-12-31 13045943business:SmallEntities2024-01-012024-12-31 13045943countries:EnglandWales2024-01-012024-12-31 13045943core:PlantMachinery2024-01-012024-12-31 13045943core:FurnitureFittings2024-01-012024-12-31 13045943core:ComputerEquipment2024-01-012024-12-31 13045943business:OrdinaryShareClass12024-01-012024-12-31 13045943business:OrdinaryShareClass12023-01-012023-12-31 130459432023-01-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13045943 (England and Wales)
NR Health & Fitness Club (Watton) Limited Unaudited accounts for the year ended 31 December 2024
NR Health & Fitness Club (Watton) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
NR Health & Fitness Club (Watton) Limited Company Information for the year ended 31 December 2024
Director
Nathan Gostling
Company Number
13045943 (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
- 3 -
NR Health & Fitness Club (Watton) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,514 
2,172 
Tangible assets
5
34,257 
45,219 
35,771 
47,391 
Current assets
Inventories
1,367 
1,356 
Debtors
87,021 
8,406 
Cash at bank and in hand
92,161 
66,892 
180,549 
76,654 
Creditors: amounts falling due within one year
(102,147)
(107,128)
Net current assets/(liabilities)
78,402 
(30,474)
Total assets less current liabilities
114,173 
16,917 
Provisions for liabilities
Deferred tax
(8,563)
(8,591)
Net assets
105,610 
8,326 
Capital and reserves
Called up share capital
6
100 
100 
Profit and loss account
105,510 
8,226 
Shareholders' funds
105,610 
8,326 
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 2025 and were signed on its behalf by
Nathan Gostling Director Company Registration No. 13045943
- 4 -
NR Health & Fitness Club (Watton) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
NR Health & Fitness Club (Watton) Limited is a private company, limited by shares, registered in England and Wales, registration number 13045943. 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.
3
Accounting policies
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.
Turnover
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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% Straight line
Fixtures & fittings
25% Straight line
Computer equipment
33% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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 taxation
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.
- 5 -
NR Health & Fitness Club (Watton) Limited Notes to the Accounts for the year ended 31 December 2024
Leased assets
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.
Pension costs
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.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 January 2024
4,146 
At 31 December 2024
4,146 
Amortisation
At 1 January 2024
1,974 
Charge for the year
658 
At 31 December 2024
2,632 
Net book value
At 31 December 2024
1,514 
At 31 December 2023
2,172 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2024
77,557 
Additions
4,215 
At 31 December 2024
81,772 
Depreciation
At 1 January 2024
32,338 
Charge for the year
15,177 
At 31 December 2024
47,515 
Net book value
At 31 December 2024
34,257 
At 31 December 2023
45,219 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
- 6 -
NR Health & Fitness Club (Watton) Limited Notes to the Accounts for the year ended 31 December 2024
7
Transactions with related parties
Related Party Transactions – Loans Receivable At the reporting date, the company had outstanding loans receivable totalling £15,062 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 £47,326 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. During the accounting period the director, Nathan J Gostling , provided a loan to the company which stood at £739 at the end of the period. No interest is charged and the loan is repayable on demand
8
Controlling party
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
9
Average number of employees
During the year the average number of employees was 10 (2023: 6).
- 7 -