Registration number: 09898139

L P B Fitness Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

L P B Fitness Ltd

Company Information

Director

Mr Luke Paul Bennett

Registered office

Unit 4 Maundrell Road Porte Marsh Industrial Estate Calne Wiltshire SN11 9PU

Accountants

RiverView Portfolio Limited Chartered Management Accountants1 Market Hill Calne Wiltshire SN11 0BT

L P B Fitness Ltd

(Registration number: 09898139)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	33,605	35,926
Current assets
Stocks	5	-	800
Debtors	6	22,730	11,731
Cash at bank and in hand		4,413	9,523
		27,143	22,054
Creditors: Amounts falling due within one year	7	(17,944)	(11,019)
Net current assets		9,199	11,035
Total assets less current liabilities		42,804	46,961
Creditors: Amounts falling due after more than one year	7	(5,984)	(14,575)
Net assets		36,820	32,386
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		35,820	31,386
Shareholders' funds		36,820	32,386

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2025
 

......................................... Mr Luke Paul Bennett Director

L P B Fitness Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 4 Maundrell Road
Porte Marsh Industrial Estate
Calne
Wiltshire
SN11 9PU
United Kingdom

These financial statements were authorised for issue by the director on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

L P B Fitness Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

L P B Fitness Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	72,898	72,898
Additions	7,330	7,330
At 31 December 2024	80,228	80,228
Depreciation
At 1 January 2024	36,972	36,972
Charge for the year	9,651	9,651
At 31 December 2024	46,623	46,623
Carrying amount
At 31 December 2024	33,605	33,605
At 31 December 2023	35,926	35,926

5

Stocks

	2024 £	2023 £
Other inventories	-	800

6

Debtors

Current	2024 £	2023 £
Other debtors	22,730	11,731
	22,730	11,731

7

Creditors

Creditors: amounts falling due within one year

L P B Fitness Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7	Creditors (continued)

	2024 £	2023 £
Due within one year
Taxation and social security	17,944	9,490
Accruals and deferred income	-	1,529
	17,944	11,019

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	2,626	5,697
Other borrowings	3,358	8,878
	5,984	14,575