SIMPLY FITNESS LONDON LIMITED
SIMPLY FITNESS LONDON LIMITED
Registered number: 12156406
Unaudited Financial Statements
For The Year Ended
31 August 2021
ZA Ltd
BSc, MSc, FMAAT, FFA, FIPA
8 Colton Road
Harrow
Middlesex
HA1 1SG
SIMPLY FITNESS LONDON LIMITED
Unaudited Financial Statements
For The Year Ended
31 August 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Statement of Changes in Equity | 4 |
| Notes to the Financial Statements | 5—6 |
SIMPLY FITNESS LONDON LIMITED
Accountant's Report
For The Year Ended
31 August 2021
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of
SIMPLY FITNESS LONDON LIMITED
For The Year Ended 31 August 2021
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of
SIMPLY FITNESS LONDON LIMITED
For The Year Ended 31 August 2021 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.org.uk/accountspreparationguidance.
This report is made solely to the director of
SIMPLY FITNESS LONDON LIMITED
, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of
SIMPLY FITNESS LONDON LIMITED
and state those matters that we have agreed to state to the director of
SIMPLY FITNESS LONDON LIMITED
, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
SIMPLY FITNESS LONDON LIMITED
and its director, as a body, for our work or for this report.
It is your duty to ensure that
SIMPLY FITNESS LONDON LIMITED
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
SIMPLY FITNESS LONDON LIMITED
. You consider that
SIMPLY FITNESS LONDON LIMITED
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of
SIMPLY FITNESS LONDON LIMITED
. 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 financial statements.
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BSc, MSc, FMAAT, FFA, FIPA
8 Colton Road
Harrow
Middlesex
HA1 1SG
Page 1
SIMPLY FITNESS LONDON LIMITED
Balance Sheet
As at
31 August 2021
Balance Sheet
Registered number:
12156406
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 August 2021 | 31 August 2020 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 5 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 5,833 | 12,751 | |||
Page 2
SIMPLY FITNESS LONDON LIMITED
Balance Sheet (continued)
As at
31 August 2021
Director's responsibilities
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The member has 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 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 Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 5 to 6 form part of these financial statements.
Page 3
SIMPLY FITNESS LONDON LIMITED
Statement of Changes in Equity
For The Year Ended
31 August 2021
Statement of Changes in Equity
| Share Capital | Profit and Loss Account | Total | |
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| £ | £ | £ | |
| As at 14 August 2020 |
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12,520 |
| Profit for the period and total comprehensive income | - |
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231 |
| As at 31 August 2020 and 1 September 2020 |
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12,751 |
| Loss for the year and total comprehensive income | - |
( |
(6,918) |
| As at
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5,833 |
Page 4
SIMPLY FITNESS LONDON LIMITED
Notes to the Financial Statements
For The Year Ended
31 August 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
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.
1.3.
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 |
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| Motor Vehicles |
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1.4.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 31 August 2021 | 31 August 2020 | ||
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| Office and administration |
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Page 5
SIMPLY FITNESS LONDON LIMITED
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2021
3.
Tangible Assets
| Plant & Machinery | Motor Vehicles | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at
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| Additions |
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| Depreciation | |||
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| Provided during the period |
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| Net Book Value | |||
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4.
Creditors: Amounts Falling Due Within One Year
| 31 August 2021 | 31 August 2020 | ||
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| £ | £ | ||
| Accruals and deferred income |
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| Director's loan account |
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5.
Creditors: Amounts Falling Due After More Than One Year
| 31 August 2021 | 31 August 2020 | ||
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| £ | £ | ||
| Bank loans |
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7.
General Information
SIMPLY FITNESS LONDON LIMITED
is a private company, limited by shares, incorporated in England & Wales, registered number
12156406
. The registered office is 144 GLOUCESTER AVENUE, LONDON, NW1 8JA.
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