Company Registration No. 06432053 (England and Wales)
Pace Health & Fitness Ltd
Unaudited accounts
for the year ended 30 November 2025
Pace Health & Fitness Ltd
Unaudited accounts
Contents
Pace Health & Fitness Ltd
Company Information
for the year ended 30 November 2025
Director
Christian Andrew Wrack
Secretary
Sarah Rebecca Owen
Company Number
06432053 (England and Wales)
Registered Office
13 Bishops Close
Cheadle
Cheshire
SK8 2JT
England
Accountants
SJM Accounting Services
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
Pace Health & Fitness Ltd
Statement of financial position
as at 30 November 2025
Tangible assets
15,260
10,849
Cash at bank and in hand
20,448
-
Creditors: amounts falling due within one year
(571,014)
(439,977)
Net current liabilities
(474,378)
(336,254)
Total assets less current liabilities
(459,118)
(325,405)
Creditors: amounts falling due after more than one year
(35,947)
(46,461)
Net liabilities
(495,065)
(371,866)
Called up share capital
100
100
Profit and loss account
(495,165)
(371,966)
Shareholders' funds
(495,065)
(371,866)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 July 2026 and were signed on its behalf by
Christian Andrew Wrack
Director
Company Registration No. 06432053
Pace Health & Fitness Ltd
Notes to the Accounts
for the year ended 30 November 2025
Pace Health & Fitness Ltd is a private company, limited by shares, registered in England and Wales, registration number 06432053. The registered office is 13 Bishops Close, Cheadle, Cheshire, SK8 2JT, England. The principal place of business is 4 Cheetham Hill Road, Manchester, M4 4EW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling which is the functional currency of the company.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Computer equipment
33% straight line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
At the balance sheet date the company has net liabilities of £495,065 (2024: net liabilities £371,866).
The company suffered significant trading difficulties during 2020 and 2021, due to restrictions imposed as a consequence of the Covid19 pandemic, and has as yet been unable to return to profitability.
Accordingly, the going concern basis may no longer be applicable and the accounts do not include any adjustments that may be necessary should trading cease in the future.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Pace Health & Fitness Ltd
Notes to the Accounts
for the year ended 30 November 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2024
98,624
6,878
105,502
Additions
11,548
2,208
13,756
At 30 November 2025
110,172
9,086
119,258
At 1 December 2024
89,702
4,951
94,653
Charge for the year
8,163
1,182
9,345
At 30 November 2025
97,865
6,133
103,998
At 30 November 2025
12,307
2,953
15,260
At 30 November 2024
8,922
1,927
10,849
Amounts falling due within one year
Accrued income and prepayments
66,342
94,556
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
213,025
100,702
Trade creditors
83,630
85,437
Taxes and social security
43,332
30,594
Other creditors
2,775
5,669
Loans from directors
16,214
32,176
Bank loans and overdrafts of £213,025 (2024: £100,702) comprise:
Bank overdrafts/company credit card £13,716 (2024: £37,306) secured by the personal guarantee of the director.
"BounceBack Loan" £5,556 (2024: £5,556) secured in full by HM Government.
"Recovery Loan" £21,000 (2024: £21,000) for which HM Government have provided an 80% guarantee, the remainder being unsecured.
Card merchant advances £145,253 (2024: £36,840) secured against future short term credit/debit card income.
Other unsecured loans £27,500 (2024: £nil).
Pace Health & Fitness Ltd
Notes to the Accounts
for the year ended 30 November 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Creditors due after one year comprise:
"BounceBack Loan" of £19,905 (2024: £25,461) secured in full by HM Government.
"Recovery Loan" of £nil (2024: £21,000) for which HM Government have provided an 80% guarantee, the remainder of which is unsecured.
Other unsecured loans £16,042 (2024: £nil).
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Operating lease commitments
2025
2024
At 30 November 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
351,962
344,033
Later than one year and not later than five years
580,196
797,564
Throughout the whole of the year, and the previous year, the company was under the control of CA Wrack by virtue of his 100% holding of the issued share capital of the company.
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Average number of employees
During the year the average number of employees was 69 (2024: 60).