Rework Fitness Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11933270 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Rework Fitness Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K J Kitchen

REGISTERED OFFICE:

22 Prior Way

Bolton Upon Dearne

Rotherham

South Yorkshire

S63 8FA

REGISTERED NUMBER:

11933270 (England and Wales)

ACCOUNTANT:

L Green & Co

Chartered Certified Accountants

Unit 6 Jupiter Business Park

353 Bentley Road

Bentley

Doncaster

South Yorkshire

DN5 9TJ

FIXED ASSETS

Tangible assets

4

59,719

60,992

CURRENT ASSETS

Stocks

4,393

4,411

Cash at bank

622

328

5,015

4,739

CREDITORS

Amounts falling due within one year

5

19,493

21,411

NET CURRENT LIABILITIES

(14,478

)

(16,672

)

TOTAL ASSETS LESS CURRENT LIABILITIES

45,241

44,320

CREDITORS

Amounts falling due after more than one year

6

31,168

34,702

NET ASSETS

14,073

9,618

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

14,072

9,617

14,073

9,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 January 2024 and were signed by:

K J Kitchen - Director

1.	STATUTORY INFORMATION

Rework 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on cost, 20% on cost and 15% on cost

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 Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2022

77,291

Additions

18,050

At 30 April 2023

95,341

DEPRECIATION

At 1 May 2022

16,299

Charge for year

19,323

At 30 April 2023

35,622

NET BOOK VALUE

At 30 April 2023

59,719

At 30 April 2022

60,992

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2022

55,066

Additions

8,174

At 30 April 2023

63,240

DEPRECIATION

At 1 May 2022

6,028

Charge for year

14,159

At 30 April 2023

20,187

NET BOOK VALUE

At 30 April 2023

43,053

At 30 April 2022

49,038

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Finance leases

9,547

8,041

Trade creditors

(1

)

-

Taxation and social security

590

-

Other creditors

9,357

13,370

19,493

21,411

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Finance leases

31,168

34,702

Amounts falling due in more than five years:

Repayable by instalments

Finance leases

15,816

22,423

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23

30.4.22

£

£

K J Kitchen

Balance outstanding at start of year

(12,860

)

(7,061

)

Amounts advanced

10,939

4,701

Amounts repaid

(4,582

)

(10,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(6,503

)

(12,860

)