Compello Fitness Limited Filleted accounts for Companies House (small and micro)
Compello Fitness Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08583254
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FINANCIAL STATEMENTS |
YEAR ENDED 30 JUNE 2022
Contents |
Pages |
Balance sheet
1
Notes to the financial statements
2 to 6
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BALANCE SHEET |
2022 |
2021 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
(
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(
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
(
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(
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Provisions |
– |
(
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Net (liabilities)/assets |
(
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------------ |
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Capital and reserves
Called up share capital |
11 |
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Profit and loss account |
(
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Shareholders (deficit)/funds |
(
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In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
24 March 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
08583254
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 30 JUNE 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Compello Fitness, Unit J Auster Road, York, England, YO30 4XA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
Finance leases and hire purchase contracts
Government grants
Provisions
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2021:
2
).
5.
Tangible assets
Leasehold improvements |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 July 2021 and 30 June 2022 |
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Depreciation |
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At 1 July 2021 |
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Charge for the year |
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At 30 June 2022 |
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Carrying amount |
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At 30 June 2022 |
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At 30 June 2021 |
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6.
Debtors
2022 |
2021 |
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£ |
£ |
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Prepayments and accrued income |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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Accruals and deferred income |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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Director loan accounts |
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Other creditors |
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8.
Creditors:
amounts falling due after more than one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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Obligations under finance leases and hire purchase contracts |
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9.
Secured debts
2022 |
2021 |
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£ |
£ |
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Hire purchase contract |
21,763 |
25,487 |
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Hire purchase contract are secured against the assets to which they relate.
10.
Deferred tax
The deferred tax included in the balance sheet is as follows:
2022 |
2021 |
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£ |
£ |
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Included in provisions |
– |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2022 |
2021 |
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£ |
£ |
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Accelerated capital allowances |
– |
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11.
Called up share capital
Issued, called up and fully paid
2022 |
2021 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Shares issued and fully paid
2022 |
2021 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Shares issued and partly paid
2022 |
2021 |
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No. |
£ |
No. |
£ |
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12.
Related party transactions