Accounts filed on 31-05-2020

			Company registration number:08115682
		JLL FITNESS LTD
			FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 May 2020

JLL FITNESS LTD
BALANCE SHEET
AS AT 31 May 2020
					2020				2019
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			215,137				258,185
							215,137				258,185
CURRENT ASSETS
Stocks					1,761,870				2,338,579
Debtors				4	128,267				113,190
Cash at bank and in hand					285,345				93,991
					2,175,482				2,545,760
CREDITORS
Amounts falling due within one year				5	(3,041,715)				(2,248,418)
NET CURRENT ASSETS							(866,233)				297,342
TOTAL ASSETS LESS
CURRENT LIABILITIES							(651,096)				555,527
Creditors falling due after one year				6			(573,985)				(328,400)
PROVISIONS FOR LIABILITIES							(9,247)				(17,125)
NET ASSETS							(1,234,328)				210,002
CAPITAL AND RESERVES
Called-up equity share capital				7			100				100
Profit and loss account							(1,234,428)				209,902
SHAREHOLDERS FUNDS							(1,234,328)				210,002
For the year ending 31 May 2020 the company was entitled to exemption 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 the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 18 February 2021 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
MR XINTONG LI
18 February 2021
The annexed notes form part of these financial statements.

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JLL FITNESS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2020
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
Balance at 1 June 2018				100	0	240,443	0	0	240,543
Changes in equity
Total Comprehensive Income				0	0	(30,541)	0	0	(30,541)
Balance at 31 May 2019				100	0	209,902	0	0	210,002
Changes in equity
Total comprehensive income				0	0	(1,444,330)	0	0	(1,444,330)
Balance at 31 May 2020				100	0	(1,234,428)	0	0	(1,234,328)

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JLL FITNESS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2020

1.

Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Foreign Currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation 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 bases:

Plant and Machinery 25% per annum of cos

Fixtures and Fittings 15 % reducing balance basi

Motor Vehicles 25% reducing balance basi

Land and buildings 10% per annum of cos

Stocks and Work In Progress

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Leasing

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and 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 creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account 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 benefit and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis over the lift of the lease.

Deferred Taxation

Deferred tax is provided on the liability method to take account of the timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension Scheme

The company operates a defined contribution pension scheme, NEST pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.

Employees

The average number of persons employed by the company (including directors) during the year was 16.

3.	Tangible fixed assets
				Short Lease	Plant	Motor	F and F	Total
	Cost
	At start of period			143,304	9,891	152,979	59,993	366,167
	Additions			18,337	6,803	28,984	1,201	55,325
	Disposals			(0)	(0)	(98,869)	(0)	(98,869)
	At end of period			161,641	16,694	83,094	61,194	322,623
	Depreciation
	At start of period			22,633	2,473	59,146	23,730	107,982
	Provided during the period			16,164	4,174	16,801	5,620	42,759
	On disposals			(0)	(0)	(43,255)	(0)	(43,255)
	At end of period			38,797	6,647	32,692	29,350	107,486
	Net Book Value
	At start of period			120,671	7,418	93,833	36,263	258,185
	At end of period			122,844	10,047	50,402	31,844	215,137

4.	Debtors
					2020	2019
					£	£
	Due within one year
	Prepayments and accrued income				128,267	113,190
					128,267	113,190

5.	Creditors due within one year
					2020	2019
					£	£
	Obligations under finance leases				9,304	74,788
	Trade creditors				2,770,023	2,009,705
	Bank Loans and Overdrafts				4,586	30,898
	Corporation Tax				0	355
	Other taxes and social security costs				225,478	124,794
	Accruals and deferred income				32,328	7,879
					3,041,715	2,248,418
6.	Creditors due after one year
					2020	2019
					£	£
	Obligations under finance leases				32,690	37,217
	Loan from directors				541,295	291,183
					573,985	328,400

7.	Share capital				Alloted, Issued and fully paid
					2020	2019
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100

8.	Related Party Transactions
	There were no related party transaction in which the director has a direct and material interest.