S T Fitness Limited,Ltd - AccountsLtd - Accounts

S T Fitness Limited,Ltd - AccountsLtd - Accounts

S T FITNESS LIMITED - Company Information

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2021-10-01 04535083 2022-09-30 04535083 2021-10-01 2022-09-30 04535083 2021-09-30 04535083 2020-10-01 2021-09-30 04535083 uk-core:WithinOneYear 2021-09-30 04535083 uk-core:WithinOneYear 2022-09-30 04535083 uk-core:ShareCapital 2022-09-30 04535083 uk-core:ShareCapital 2021-09-30 04535083 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 04535083 uk-core:RetainedEarningsAccumulatedLosses 2021-09-30 04535083 uk-bus:Director1 2021-10-01 2022-09-30 04535083 uk-core:PlantMachinery 2021-10-01 2022-09-30 04535083 uk-core:FurnitureFittings 2021-10-01 2022-09-30 04535083 uk-core:FurnitureFittings 2021-09-30 04535083 uk-core:PlantMachinery 2021-09-30 04535083 uk-core:PlantMachinery 2022-09-30 04535083 uk-core:FurnitureFittings 2022-09-30 iso4217:GBP xbrli:pure 04535083 uk-bus:AuditExemptWithAccountantsReport 2021-10-01 2022-09-30 04535083 uk-bus:FRS102 2021-10-01 2022-09-30 04535083 uk-bus:FullAccounts 2021-10-01 2022-09-30 04535083 uk-bus:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30
S T Fitness Limited
Registered Number:04535083
For the year ended 30 September 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2022
S T Fitness Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04535083
As at 30 September 2022
S T Fitness Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
8,133
4,769
2
8,133
4,769
Current assets
Inventories
1,500
810
3
Trade and other receivables
-
899
4
15,709
Cash and cash equivalents
10,259
11,968
17,209
Trade and other payables: amounts falling due within one year
(5,260)
(3,211)
5
11,949
8,757
Net current assets
Total assets less current liabilities
16,890
16,718
(789)
-
Provisions for liabilities
16,101
Net assets
16,718
Capital and reserves
Called up share capital
1
1
Retained earnings
16,100
16,717
16,101
16,718
Shareholders' funds
For the year ended 30 September 2022 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 of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Scott Thomas Director
These financial statements were approved and authorised for issue by the Board on 16 June 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2022
S T Fitness Limited
Notes to the Financial Statements
Statutory Information
S T Fitness Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
04535083.
Principal place of business:
103 Bradley House
Radcliffe Moor Road
Bolton
Greater Manchester
BL2 6RT
Registered address:
135 Church Street
Horwich
Bolton
Greater Manchester
BL6 7BR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
15% Reducing balance
15% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will not be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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5
For the year ended 30 September 2022
S T Fitness Limited
Notes to the Financial Statements Continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it
relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the rates and laws that have been enacted or substantively enacted
by the Statement of Financial Position date.
Impairment of Assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an
impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and
compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its
recoverable amount and an impairment loss is recognised immediately in the profit or loss.
If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its
recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised in
prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.
Basic Financial Instruments
Basic financial instruments that are payable or receivable within one year, typically trade creditors and debtors, are measured
initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received
less impairment losses for bad and doubtful debts.
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or valuation
At 01 October 2021
69,203
16,372
52,831
4,800
4,800
-
Additions
At 30 September 2022
52,831
21,172
74,003
Provision for depreciation and impairment
At 01 October 2021
64,434
14,655
49,779
Charge for year
1,436
978
458
At 30 September 2022
65,870
15,633
50,237
At 30 September 2022
Net book value
2,594
5,539
8,133
At 30 September 2021
3,052
1,717
4,769
3. Inventories
2021
2022
£
£
Stocks
810
1,500
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6
For the year ended 30 September 2022
S T Fitness Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2021
2022
£
£
Prepayments and accrued income
899
-
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
898
1,584
Taxation and social security
-
2,769
Accruals and deferred income
1,500
-
Directors' loan accounts
813
907
3,211
5,260
6. Average number of persons employed
During the year the average number of employees was 3 (2021 : 2)
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