Tycoon Fitness Ltd - Accounts

Tycoon Fitness Ltd - Accounts

TYCOON FITNESS LTD - Company Information

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Logo On Report
Registered Number: 08871944
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2020

for

TYCOON FITNESS LTD

Tycoon Fitness Ltd
Contents Page
For the year ended 31 December 2020
Director Rick Stuart
Registered Number 08871944
Registered Office Mill Lodge, Valley Lane
Great Finborough
Stowmarket
IP14 3BD
Accountants Quove Accounting Ltd
Talpa Hall
Old Newton
Stowmarket
IP14 4HQ
1
  2020   2019
    £ £   £ £
Fixed assets   5,000      5,000 
Net current assets   -      - 
Total assets less current liabilities   5,000      5,000 
Creditors: amount falling due after more than one year   (5,000)     (5,000)
Net assets   -      - 
 

         
Capital and reserves   -      - 
 
NOTES TO THE ACCOUNTS

General Information
Tycoon Fitness Ltd is a private company, limited by shares, registered in England and Wales, registration number 08871944, registration address Mill Lodge, Valley Lane , Great Finborough , Stowmarket , IP14 3BD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% on written down value from date of being taken into use
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 January 2020 5,000    5,000 
Additions -    - 
Disposals -    - 
At 31 December 2020 5,000    5,000 
Depreciation
At 01 January 2020 -    - 
Charge for year -    - 
On disposals -    - 
At 31 December 2020 -    - 
Net book values
Closing balance as at 31 December 2020 5,000    5,000 
Opening balance as at 01 January 2020 5,000    5,000 


3.

Average number of employees

Average number of employees during the year was 1 (2019 : 1).


For the year ended 31 December 2020 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.

The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 22 September 2021 and were signed by:


--------------------------------
Rick Stuart
Director
2