Registration number: 13582226

Wessex Wellbeing Ltd

trading as Snap Fitness

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Wessex Wellbeing Ltd

trading as Snap Fitness

(Registration number: 13582226)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	6,600	13,800
Tangible assets	5	826,937	977,983
		833,537	991,783
Current assets
Debtors	6	85,290	38,840
Cash at bank and in hand		7,246	11,007
		92,536	49,847
Creditors: Amounts falling due within one year	7	(932,867)	(584,766)
Net current liabilities		(840,331)	(534,919)
Total assets less current liabilities		(6,794)	456,864
Creditors: Amounts falling due after more than one year	7	(417,697)	(611,183)
Net liabilities		(424,491)	(154,319)
Capital and reserves
Called up share capital		143	143
Share premium reserve		255,359	255,359
Retained earnings		(679,993)	(409,821)
Shareholders' deficit		(424,491)	(154,319)

For the financial year ending 30 November 2025 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 13 July 2026
 

Wessex Wellbeing Ltd

trading as Snap Fitness

(Registration number: 13582226)
Balance Sheet as at 30 November 2025

......................................... Mr Z Ali Director

Wessex Wellbeing Ltd

trading as Snap Fitness

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

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

The address of its registered office is:
2 West Borough
Wimborne
Dorset
BH21 1NF
United Kingdom

These financial statements were authorised for issue by the director on 13 July 2026.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Wessex Wellbeing Ltd

trading as Snap Fitness

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Asset class	Depreciation method and rate
Leasehold land & buildings	Over 10 years
Plant & equipment	25% straight line
Fixtures & fittings	25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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.

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.

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.

Borrowings

Wessex Wellbeing Ltd

trading as Snap Fitness

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Wessex Wellbeing Ltd

trading as Snap Fitness

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Intangible assets

	Franchise fee  £	Total £
Cost or valuation
At 1 December 2024	36,000	36,000
At 30 November 2025	36,000	36,000
Amortisation
At 1 December 2024	22,200	22,200
Amortisation charge	7,200	7,200
At 30 November 2025	29,400	29,400
Carrying amount
At 30 November 2025	6,600	6,600
At 30 November 2024	13,800	13,800

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Plant and machinery £	Total £
Cost or valuation
At 1 December 2024	647,826	79,103	350,732	1,077,661
Additions	12,800	2,317	12,884	28,001
At 30 November 2025	660,626	81,420	363,616	1,105,662
Depreciation
At 1 December 2024	39,093	9,520	51,064	99,677
Charge for the year	67,789	20,355	90,904	179,048
At 30 November 2025	106,882	29,875	141,968	278,725
Carrying amount
At 30 November 2025	553,744	51,545	221,648	826,937
At 30 November 2024	608,732	69,583	299,668	977,983

Included within the net book value of land and buildings above is £553,744 (2024 - £608,733) in respect of long leasehold land and buildings.
 

Wessex Wellbeing Ltd

trading as Snap Fitness

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	16,459	2,233
Prepayments	68,831	28,683
Other debtors	-	7,924
	85,290	38,840

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		193,486	96,819
Trade creditors		43,688	63,838
Taxation and social security		19,129	12,682
Accruals and deferred income		83,489	56,024
Other creditors		593,075	355,403
		932,867	584,766

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £77,486 (2024 - £77,486).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		417,697	611,183

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £118,030 (2024 - £195,516).