KB Fitness Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05840759 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

KB Fitness Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Miss K L Bunyan

SECRETARY:

Ms D Terret

REGISTERED OFFICE:

111 High Street

Billericay

Essex

CM12 9AJ

REGISTERED NUMBER:

05840759 (England and Wales)

ACCOUNTANTS:

Sterlings Accountancy Solutions Limited

111 High Street

Billericay

Essex

CM12 9AJ

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of KB Fitness Ltd for the year ended 30 June 2020 which comprise the Statement of Income and Retained

Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations

you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of KB Fitness Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KB Fitness Ltd and state those matters that we have agreed to state to the director of KB Fitness Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KB Fitness Ltd and its director for our work or for this report.

It is your duty to ensure that KB Fitness Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KB Fitness Ltd. You consider that KB Fitness Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of KB Fitness Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterlings Accountancy Solutions Limited

111 High Street

Billericay

Essex

CM12 9AJ

11 August 2020

FIXED ASSETS

Tangible assets

4

399

535

CURRENT ASSETS

Stocks

3,315

3,572

Cash at bank

21,267

21,210

24,582

24,782

CREDITORS

Amounts falling due within one year

5

10,730

11,707

NET CURRENT ASSETS

13,852

13,075

TOTAL ASSETS LESS CURRENT LIABILITIES

14,251

13,610

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

14,249

13,608

SHAREHOLDERS' FUNDS

14,251

13,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 August 2020 and were signed by:

Miss K L Bunyan - Director

1.	STATUTORY INFORMATION

KB Fitness Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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 tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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 financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that 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

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2019

and 30 June 2020

3,381

DEPRECIATION

At 1 July 2019

2,846

Charge for year

136

At 30 June 2020

2,982

NET BOOK VALUE

At 30 June 2020

399

At 30 June 2019

535

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Taxation and social security

10,654

11,365

Other creditors

76

342

10,730

11,707

6.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.