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Company Registration No. 11593109 (England and Wales)
3M Fitness Limited Unaudited accounts for the year ended 30 September 2024
3M Fitness Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
3M Fitness Limited Company Information for the year ended 30 September 2024
Directors
Mateja Mitrovic Michael Thorburn
Company Number
11593109 (England and Wales)
Registered Office
243-251 PUTNEY BRIDGE ROAD LONDON SW15 2PU ENGLAND
Accountants
Addition Financial Limited The Office Group 1 Lyric Square Hammersmith London W6 0NB
- 3 -
3M Fitness Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
3,370 
3,934 
Tangible assets
5
283,261 
301,149 
Investments
6
- 
14,569 
286,631 
319,652 
Current assets
Debtors
7
88,037 
73,770 
Cash at bank and in hand
28,715 
51,148 
116,752 
124,918 
Creditors: amounts falling due within one year
8
(44,629)
(95,120)
Net current assets
72,123 
29,798 
Total assets less current liabilities
358,754 
349,450 
Creditors: amounts falling due after more than one year
9
(112,073)
(92,991)
Net assets
246,681 
256,459 
Capital and reserves
Called up share capital
149 
859 
Share premium
383,879 
375,603 
Profit and loss account
(137,347)
(120,003)
Shareholders' funds
246,681 
256,459 
For the year ending 30 September 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.
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 26 September 2025 and were signed on its behalf by
Michael Thorburn Director Company Registration No. 11593109
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3M Fitness Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
3M Fitness Limited is a private company, limited by shares, registered in England and Wales, registration number 11593109. The registered office is 243-251 PUTNEY BRIDGE ROAD, LONDON, SW15 2PU, ENGLAND.
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.
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: During the 2023 financial period, the useful life of the following assets was changed: Leasehold improvements from 12 years to 15 years, Fixture & Fittings 5 years to 7 years, Plant & Machine 5 years to 7 years, Computer equipment 3 years to 4 years.
Land & buildings
Effective life 15 Years
Plant & machinery
Effective life 7 Years
Fixtures & fittings
Effective life 7 Years
Computer equipment
Effective life 4 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Effective life for intangible assets are 12 years
- 5 -
3M Fitness Limited Notes to the Accounts for the year ended 30 September 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2023
6,742 
At 30 September 2024
6,742 
Amortisation
At 1 October 2023
2,808 
Charge for the year
564 
At 30 September 2024
3,372 
Net book value
At 30 September 2024
3,370 
At 30 September 2023
3,934 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
358,867 
44,500 
38,119 
5,222 
446,708 
Additions
15,629 
7,057 
- 
1,006 
23,692 
At 30 September 2024
374,496 
51,557 
38,119 
6,228 
470,400 
Depreciation
At 1 October 2023
99,746 
20,857 
21,391 
3,565 
145,559 
Charge for the year
24,326 
10,370 
5,525 
1,359 
41,580 
At 30 September 2024
124,072 
31,227 
26,916 
4,924 
187,139 
Net book value
At 30 September 2024
250,424 
20,330 
11,203 
1,304 
283,261 
At 30 September 2023
259,121 
23,643 
16,728 
1,657 
301,149 
6
Investments
Other investments 
£ 
Valuation at 1 October 2023
14,569 
Disposals
(14,569)
Valuation at 30 September 2024
- 
- 6 -
3M Fitness Limited Notes to the Accounts for the year ended 30 September 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
343 
Trade debtors
6,775 
14,865 
Accrued income and prepayments
19,094 
19,827 
Other debtors
1,137 
38,735 
27,006 
73,770 
Amounts falling due after more than one year
Other debtors
61,031 
- 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
39,093 
VAT
20,038 
- 
Trade creditors
20,821 
51,876 
Taxes and social security
- 
1,736 
Other creditors
3,770 
2,415 
44,629 
95,120 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
94,032 
92,919 
Other creditors
15,601 
- 
Loans from directors
2,440 
72 
112,073 
92,991 
10
Average number of employees
During the year the average number of employees was 5 (2023: 7).
- 7 -