Company registration number 14928869 (England and Wales)
CELTIC FITNESS GROUP LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
CELTIC FITNESS GROUP LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
CELTIC FITNESS GROUP LTD
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
12,077
13,587
Tangible assets
4
78,477
74,695
90,554
88,282
Current assets
Debtors
5
72,394
31,260
Cash at bank and in hand
963
1,103
73,357
32,363
Creditors: amounts falling due within one year
6
(233,794)
(172,764)
Net current liabilities
(160,437)
(140,401)
Net liabilities
(69,883)
(52,119)
Capital and reserves
Called up share capital
7
200
200
Profit and loss reserves
(70,083)
(52,319)
Total equity
(69,883)
(52,119)

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 March 2026 and are signed on its behalf by:
Mr S D Stephens
Director
Company registration number 14928869 (England and Wales)
CELTIC FITNESS GROUP LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 12 June 2023
-
0
-
0
-
Period ended 30 June 2024:
Loss and total comprehensive income
-
(52,319)
(52,319)
Issue of share capital
7
200
-
200
Balance at 30 June 2024
200
(52,319)
(52,119)
Year ended 30 June 2025:
Loss and total comprehensive income
-
(17,764)
(17,764)
Balance at 30 June 2025
200
(70,083)
(69,883)
CELTIC FITNESS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Celtic Fitness Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Dinch Hill, Undy, Monmouthshire, NP26 3JL.

1.1
Reporting period

The previous set of financial statements were the first since incorporation and covered a period of 13 months and as a result are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

A t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for gym membership fees provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.6
Tangible fixed assets

Tangible fixed assets are measured at cost or valuation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on cost
Fixtures and fittings
20% on cost
CELTIC FITNESS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transition price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
6
CELTIC FITNESS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024 and 30 June 2025
15,097
Amortisation and impairment
At 1 July 2024
1,510
Amortisation charged for the year
1,510
At 30 June 2025
3,020
Carrying amount
At 30 June 2025
12,077
At 30 June 2024
13,587
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 July 2024
78,209
7,748
85,957
Additions
-
0
24,373
24,373
At 30 June 2025
78,209
32,121
110,330
Depreciation and impairment
At 1 July 2024
10,252
1,010
11,262
Depreciation charged in the year
15,642
4,949
20,591
At 30 June 2025
25,894
5,959
31,853
Carrying amount
At 30 June 2025
52,315
26,162
78,477
At 30 June 2024
67,957
6,738
74,695
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
755
100
Other debtors
71,639
31,160
72,394
31,260
CELTIC FITNESS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
11,114
-
0
Taxation and social security
7,693
4,775
Other creditors
214,987
167,989
233,794
172,764
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
200
200
200
200
8
Directors' transactions

The director s operate a current loan account with the company, which is debited with payments made by the company on behalf of the director s and credited with funds introduced and undrawn director's fees. The amount outstanding to the director s at the year end was £212,628 (2024:£155,779). This amount being included in creditors: amounts falling due within one year.

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