REGISTERED NUMBER: 07921586 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

New Energy Fitness Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M K Cresswell

K J Cresswell

Ms H Moseley

Ms L M Spruce

REGISTERED OFFICE:

Friary House

36 Middle Brook Street

Winchester

Hampshire

SO23 8DQ

REGISTERED NUMBER:

07921586 (England and Wales)

ACCOUNTANT:

Tony Brown Accountancy Solutions Limited

Chartered Accountants

Basepoint Business Centre

1 Winnall Valley Road

Winnall

Winchester

Hampshire

SO23 0LD

FIXED ASSETS

Tangible assets

4

102,679

131,704

Investments

5

100

100

102,779

131,804

CURRENT ASSETS

Debtors

6

54,731

54,423

Cash at bank and in hand

44,934

4,187

99,665

58,610

CREDITORS

Amounts falling due within one year

7

142,172

159,270

NET CURRENT LIABILITIES

(42,507

)

(100,660

)

TOTAL ASSETS LESS CURRENT LIABILITIES

60,272

31,144

CREDITORS

Amounts falling due after more than one year

8

27,800

39,500

NET ASSETS/(LIABILITIES)

32,472

(8,356

)

CAPITAL AND RESERVES

Called up share capital

280,000

280,000

Retained earnings

(247,528

)

(288,356

)

32,472

(8,356

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

K J Cresswell - Director

1.	STATUTORY INFORMATION

New Energy Fitness Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about New Energy Fitness Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

at varying rates on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

165,874

306,965

472,839

Additions

-

1,472

1,472

At 31 January 2025

165,874

308,437

474,311

DEPRECIATION

At 1 February 2024

112,423

228,712

341,135

Charge for year

11,181

19,316

30,497

At 31 January 2025

123,604

248,028

371,632

NET BOOK VALUE

At 31 January 2025

42,270

60,409

102,679

At 31 January 2024

53,451

78,253

131,704

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2024

and 31 January 2025

100

NET BOOK VALUE

At 31 January 2025

100

At 31 January 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

1,150

155

Other debtors

53,581

54,268

54,731

54,423

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

4,000

17,137

Trade creditors

6,764

10,924

Amounts owed to group undertakings

23,538

29,897

Taxation and social security

33,833

30,648

Other creditors

74,037

70,664

142,172

159,270

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

9,000

13,000

Other creditors

18,800

26,500

27,800

39,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

13,000

30,137

The secured debts are secured on the assets of the company.

10.	OTHER FINANCIAL COMMITMENTS

The company has provided a guarantee for the rent payable by its subsidiary New Energy Yoga Ltd. The financial commitments outstanding at the year end were £393,541 (2024 £236,833).

There are other financial commitment outstanding at the year end of £255,000 (2024 £340,128)

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

Ms H Moseley

Balance outstanding at start of year

183

159

Amounts advanced

188

335

Amounts repaid

-

(311

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

371

183

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party