LAK FITNESS LTD


Directors	JENNISON, James Marc
	ROBINSON, Kyle
	TOWNSEND, Luke Anthony


Registered Address	Unit 6 Cotton Brook Road
	Derby
	DE23 8YJ


Registered Number	10368407 (England and Wales)

Balance Sheet as at
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		7,600		12,400
Tangible assets	4		9,576		12,037
			17,176		24,437
Current assets
Debtors		-		8
Cash at bank and on hand		2,124		2,403
		2,124		2,411
Creditors amounts falling due within one year	5	(23,097)		(31,386)
Net current assets (liabilities)			(20,973)		(28,975)
Total assets less current liabilities			(3,797)		(4,538)
Creditors amounts falling due after one year	6		(4,253)		(6,265)
Net assets			(8,050)		(10,803)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(8,150)		(10,903)
Shareholders' funds			(8,050)		(10,803)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 June 2025, and are signed on its behalf by:

TOWNSEND, Luke Anthony
Director
Registered Company No. 10368407

LAK FITNESS LTD

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)		Straight line (years)
	Office Equipment	20		3

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 October 23	24,000	24,000
At 30 September 24	24,000	24,000
Amortisation and impairment
At 01 October 23	11,600	11,600
Charge for year	4,800	4,800
At 30 September 24	16,400	16,400
Net book value
At 30 September 24	7,600	7,600
At 30 September 23	12,400	12,400

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 October 23	30,503	30,503
At 30 September 24	30,503	30,503
Depreciation and impairment
At 01 October 23	18,466	18,466
Charge for year	2,461	2,461
At 30 September 24	20,927	20,927
Net book value
At 30 September 24	9,576	9,576
At 30 September 23	12,037	12,037

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Bank borrowings and overdrafts	2,012	1,870
Taxation and social security	1,940	-
Other creditors	16,780	26,316
Accrued liabilities and deferred income	2,365	3,200
Total	23,097	31,386


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	4,253	6,265
Total	4,253	6,265