REGISTERED NUMBER: 08138085 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Performance Fitness Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Halliday

SECRETARY:

Stones Book Keeping Services (Sussex) Limited

REGISTERED OFFICE:

398 Coast Road

Pevensey Bay

East Sussex

BN24 6NY

REGISTERED NUMBER:

08138085 (England and Wales)

ACCOUNTANTS:

Stone's Accountancy Sussex Limited

398 Coast Road

Pevensey Bay

Pevensey

East Sussex

BN24 6NY

FIXED ASSETS

Tangible assets

4

113,250

119,886

CURRENT ASSETS

Stocks

17,988

17,479

Debtors

5

6,204

6,020

Cash in hand

769

676

24,961

24,175

CREDITORS

Amounts falling due within one year

6

36,797

93,507

NET CURRENT LIABILITIES

(11,836

)

(69,332

)

TOTAL ASSETS LESS CURRENT LIABILITIES

101,414

50,554

CREDITORS

Amounts falling due after more than one year

7

(88,918

)

(18,653

)

PROVISIONS FOR LIABILITIES

(4,642

)

(5,803

)

NET ASSETS

7,854

26,098

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,754

25,998

SHAREHOLDERS' FUNDS

7,854

26,098

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 17 December 2025 and were signed by:

S Halliday - Director

1.	STATUTORY INFORMATION

Performance Fitness Limited 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 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% 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.

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 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

6,482

57,186

219,662

Additions

-

-

17,069

At 31 March 2025

6,482

57,186

236,731

DEPRECIATION

At 1 April 2024

-

50,213

126,651

Charge for year

-

1,396

19,626

At 31 March 2025

-

51,609

146,277

NET BOOK VALUE

At 31 March 2025

6,482

5,577

90,454

At 31 March 2024

6,482

6,973

93,011

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

13,000

10,347

306,677

Additions

-

-

17,069

At 31 March 2025

13,000

10,347

323,746

DEPRECIATION

At 1 April 2024

7,454

2,473

186,791

Charge for year

1,108

1,575

23,705

At 31 March 2025

8,562

4,048

210,496

NET BOOK VALUE

At 31 March 2025

4,438

6,299

113,250

At 31 March 2024

5,546

7,874

119,886

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

184

-

Prepayments

6,020

6,020

6,204

6,020

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

877

1,322

Trade creditors

4,295

1,359

Social security and other taxes

6,826

5,319

VAT

13,629

13,032

Directors' loan accounts

8,835

69,232

Accrued expenses

2,335

3,243

36,797

93,507

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans - 2-5 years

8,918

18,653

Directors' loan accounts

80,000

-

88,918

18,653

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors loan account balance shown in point 6, as at the balance sheet date was owed to the director of the company. Interest was charged at 3% to the company for this loan. The loan has been granted for the purchase of the Fixtures and Equipment used by the Gym. This is being repaid as the business can do so. The loan is repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S Halliday.