| AL Fitness Ltd |
| Registered number: |
SC608748 |
| Balance Sheet |
| as at 30 September 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
53,012 |
|
|
54,298 |
|
| Current assets |
| Stocks |
|
|
809 |
|
|
809 |
| Cash at bank and in hand |
|
|
9,803 |
|
|
28,582 |
|
|
|
10,612 |
|
|
29,391 |
|
| Creditors: amounts falling due within one year |
4 |
|
(5,893) |
|
|
(3,700) |
|
| Net current assets |
|
|
|
4,719 |
|
|
25,691 |
|
| Total assets less current liabilities |
|
|
|
57,731 |
|
|
79,989 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(4,516) |
|
|
(25,156) |
|
|
|
| Net assets |
|
|
|
53,215 |
|
|
54,833 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
53,115 |
|
|
54,733 |
|
| Shareholder's funds |
|
|
|
53,215 |
|
|
54,833 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| AL Leishman |
| Director |
| Approved by the board on 22 May 2023 |
|
| AL Fitness Ltd |
| Notes to the Accounts |
| for the year ended 30 September 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable and includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows: |
|
Motor Vehicles |
25% on a Reducing Balance basis |
|
Fixtures, fittings, tools and equipment |
25% on a Reducing Balance basis |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax asset is recognised in respect of a tax loss that can be carried forwards to be set against tax due on future profits. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 October 2021 |
87,540 |
|
1,900 |
|
89,440 |
|
Additions |
13,051 |
|
- |
|
13,051 |
|
At 30 September 2022 |
100,591 |
|
1,900 |
|
102,491 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2021 |
34,548 |
|
594 |
|
35,142 |
|
Charge for the year |
14,011 |
|
326 |
|
14,337 |
|
At 30 September 2022 |
48,559 |
|
920 |
|
49,479 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2022 |
52,032 |
|
980 |
|
53,012 |
|
At 30 September 2021 |
52,992 |
|
1,306 |
|
54,298 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
1,808 |
|
Trade creditors |
4,966 |
|
- |
|
Corporation tax |
296 |
|
1,261 |
|
Other creditors |
631 |
|
631 |
|
|
|
|
|
|
5,893 |
|
3,700 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Director's account |
4,516 |
|
25,156 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
AL Fitness Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
6 White's Quay |
|
Dalgety Bay |
|
Fife |
|
KY11 9HT |
