Phil Gough Health & Fitness Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08426418 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Phil Gough Health & Fitness Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P A Gough

REGISTERED OFFICE:

G8 Lynch Lane Offices

79 Lynch Lane

Weymouth

Dorset

DT4 9DN

REGISTERED NUMBER:

08426418 (England and Wales)

ACCOUNTANTS:

RWB Tax Consultants Limited

G8 Lynch Lane Offices

79 Lynch Lane

Weymouth

Dorset

DT4 9DN

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

29,892

31,739

29,892

31,739

CURRENT ASSETS

Stocks

6

500

490

Debtors

7

8,568

9,147

Cash at bank

79,517

64,921

88,585

74,558

CREDITORS

Amounts falling due within one year

8

59,794

58,236

NET CURRENT ASSETS

28,791

16,322

TOTAL ASSETS LESS CURRENT
LIABILITIES

58,683

48,061

PROVISIONS FOR LIABILITIES

7,921

8,410

NET ASSETS

50,762

39,651

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

50,662

39,551

SHAREHOLDERS' FUNDS

50,762

39,651

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

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

The director acknowledges his 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 director and authorised for issue on 5 December 2025 and were signed by:

P A Gough - Director

1.	STATUTORY INFORMATION

Phil Gough Health & 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.

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.

Turnover

Turnover represents gross invoiced sales of fitness instruction and nutritional supplements, net of VAT paid under the flat rate scheme.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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

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

Gym equipment

-

10% on reducing balance

Office equipment

-

10% on reducing balance

Computer equipment

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 6 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

8,000

AMORTISATION

At 1 April 2024

and 31 March 2025

8,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Gym

Office

Computer

equipment

Totals

£

COST

At 1 April 2024

59,866

4,621

8,857

73,344

Additions

807

-

666

1,473

At 31 March 2025

60,673

4,621

9,523

74,817

DEPRECIATION

At 1 April 2024

31,698

4,243

5,664

41,605

Charge for year

2,896

38

386

3,320

At 31 March 2025

34,594

4,281

6,050

44,925

NET BOOK VALUE

At 31 March 2025

26,079

340

3,473

29,892

At 31 March 2024

28,168

378

3,193

31,739

6.

STOCKS

31.3.25

31.3.24

£

Stocks

500

490

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

5,500

Prepayments

3,068

3,647

8,568

9,147

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

21,156

25,122

Tax

14,487

13,113

Social security and other taxes

2,223

861

Pension Control

-

197

VAT

10,844

5,976

Directors' current accounts

9,884

11,867

Accrued expenses

1,200

1,100

59,794

58,236

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

75

Ordinary A

£1

75

25

Ordinary B

£1

25

100

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P A Gough.