Nr12 Fitness Gym & Studio Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 13042606

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		26,233		12,852

			26,233		12,852
CURRENT ASSETS
Stocks	5	3,200		3,560
Debtors	6	13,487		8,632
Cash at bank and in hand		11,481		15,778

		28,168		27,970
Creditors: Amounts Falling Due Within One Year	7	(106,184 )		(83,348 )

NET CURRENT ASSETS (LIABILITIES)			(78,016 )		(55,378 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(51,783 )		(42,526 )

Creditors: Amounts Falling Due After More Than One Year	8		-		(2,012 )

NET LIABILITIES			(51,783 )		(44,538 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Income Statement			(51,883 )		(44,638 )

SHAREHOLDERS' FUNDS			(51,783)		(44,538)

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Nr12 Fitness Gym & Studio Limited

Statement of Financial Position (continued)

As At 30 November 2025

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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr James Bates

Director

14/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Nr12 Fitness Gym & Studio Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number 13042606 . The registered office is Unit 5, Station Road Business Park, Horning Road West, Hoveton, Norwich, Norfolk, NR12 8QJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

33.33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 3)

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Nr12 Fitness Gym & Studio Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 December 2024	43,996
Additions	23,613

As at 30 November 2025	67,609

Depreciation
As at 1 December 2024	31,144
Provided during the period	10,232

As at 30 November 2025	41,376

Net Book Value
As at 30 November 2025	26,233

As at 1 December 2024	12,852

5. Stocks

	2025	2024
	£	£
Finished goods	3,200	3,560

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	900
Prepayments and accrued income	5,883	3,114
Other debtors	7,604	3,915
Other taxes and social security	-	703

	13,487	8,632

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,232	2,012
Trade creditors	32,553	16,019
Bank loans and overdrafts	11,333	-
Other loans	4,647	-
Other taxes and social security	422	-
VAT	9,156	10,700
Net wages	5,888	3,269
Other creditors	167	2,505

...CONTINUED

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Nr12 Fitness Gym & Studio Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

Income in advance	13,276	8,012
Accruals	3,273	644
Directors' loan accounts	23,237	40,187

	106,184	83,348

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	2,012

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,232	2,012
Later than one year and not later than five years	-	2,012

	2,232	4,024

	2,232	4,024

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

Richard Wilson, Director of NR12 Fitness Gym and Studio Ltd, is also Director of RW Accountancy Solutions Ltd. In the year to 30th November 2025, RW Accountancy Solutions Ltd invoiced £5,835 (2024: £5,884) to NR12 Fitness Gym and Studio Ltd.

James Bates, Director and 100% shareholder of NR12 Fitness Gym and Studio Ltd, is also a Director of Eric Bates and Sons Ltd. In the year to 30th November 2025, Eric Bates and Sons Ltd invoiced £83,280 (2024: £49,069) to NR12 Fitness Gym and Studio Ltd.

All amounts stated are net of VAT.

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