Structure Sport and Fitness Ltd. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08766354

Structure Sport and Fitness Ltd.

Filleted Unaudited Financial Statements

31 March 2025

Structure Sport and Fitness Ltd.

Financial Statements

Year ended 31 March 2025

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 7

Structure Sport and Fitness Ltd.

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Structure Sport and Fitness Ltd.

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Structure Sport and Fitness Ltd. for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Structure Sport and Fitness Ltd., as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Structure Sport and Fitness Ltd. and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Structure Sport and Fitness Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Structure Sport and Fitness Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Structure Sport and Fitness Ltd.. You consider that Structure Sport and Fitness Ltd. is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Structure Sport and Fitness Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

17 December 2025

Structure Sport and Fitness Ltd.

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	31,528	27,439

Current assets

Debtors	6	400	–

Creditors: amounts falling due within one year	7	28,782	13,104
		--------	--------
Net current liabilities		28,382	13,104
		--------	--------
Total assets less current liabilities		3,146	14,335

Creditors: amounts falling due after more than one year	8	12,515	10,600

Provisions

Taxation including deferred tax	–	863
	--------	--------
Net (liabilities)/assets	( 9,369)	2,872
	--------	--------

Structure Sport and Fitness Ltd.

Statement of Financial Position (continued)

31 March 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	121	100
Profit and loss account	( 9,490)	2,772
	-------	-------
Shareholders (deficit)/funds	( 9,369)	2,872
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

Mr C J Slack

Director

Company registration number: 08766354

Structure Sport and Fitness Ltd.

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 110 Duchess Road, Sheffield, S2 4BL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the period end date, the Statement of Financial Position reflects a position of net current and net total liabilities. Despite this, the financial statements have been prepared on the going concern basis, this supported by reference to the ongoing financial commitment of the director to provide the requisite funding to address corporate liabilities as they fall due.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. In the opinion of management, there are no judgements or key sources of estimation uncertainty that have a significant impact on the financial statements, other than those stated below.

Revenue recognition

Turnover for the period comprises charges levied on customers during the period.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to Leasehold Property	-	10% straight line
Gym Equipment	-	25% reducing balance
Fixtures & Fittings	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Share capital

During the year, a further 21 ordinary shares of £1 each were issued at par to enhance the share capital base.

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 April 2024	15,532	37,672	14,681	67,885
Additions	–	–	9,427	9,427
	--------	--------	--------	--------
At 31 March 2025	15,532	37,672	24,108	77,312
	--------	--------	--------	--------
Depreciation
At 1 April 2024	3,107	28,873	8,466	40,446
Charge for the year	1,553	2,200	1,585	5,338
	--------	--------	--------	--------
At 31 March 2025	4,660	31,073	10,051	45,784
	--------	--------	--------	--------
Carrying amount
At 31 March 2025	10,872	6,599	14,057	31,528
	--------	--------	--------	--------
At 31 March 2024	12,425	8,799	6,215	27,439
	--------	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	400	–
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,582	8,304
Trade creditors	9,918	3,450
Related party CFS loan creditor	6,332	–
Sheffield Sports Performance loan creditor	1,800	–
Other creditors	5,150	1,350
	--------	--------
	28,782	13,104
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	5,200	10,600
Sheffield Sports Performance loan creditor	7,315	–
	--------	--------
	12,515	10,600
	--------	--------

9. Related party transactions

The company was related with a further company, CFS Investments Limited, during the whole of the year by virtue of common directorship and control. During the year, the company paid consultancy charges amounting to £2,000 (2024 £1,400) to the related company CFS Investments Limited. Included within trade creditors, at the reporting date, is a balance owing to CFS Investments Limited in the sum of £9,146 (2024 £3,000). A loan account also exists as between CFS Investments Limited and Structure Sport and Fitness Limited. At the year end date, a balance of monies owing from Structure Sports and Fitness Limited, to CFS Investments Limited, was outstanding, in this regard, in the sum of £6,332 (2024 £nil). There are no formal repayment terms established in relation to this loan and interest is not being charged.