Accounts filed on 31-05-2018

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			Company registration number:08115682
		JLL FITNESS LTD
			FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 May 2018

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JLL FITNESS LTD
BALANCE SHEET
AS AT 31 May 2018
					2018				2017
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			172,291				20,387
							172,291				20,387
CURRENT ASSETS
Stocks					2,052,586				940,976
Debtors				4	127,628				22,383
Cash at bank and in hand					251,121				109,366
					2,431,335				1,072,725
CREDITORS
Amounts falling due within one year				5	(2,155,625)				(767,859)
NET CURRENT ASSETS							275,710				304,866
TOTAL ASSETS LESS
CURRENT LIABILITIES							448,001				325,253
Creditors falling due after one year				6			(189,147)				(151,337)
PROVISIONS FOR LIABILITIES							(18,311)				(3,755)
NET ASSETS							240,543				170,161
CAPITAL AND RESERVES
Called-up equity share capital				7			100				100
Profit and loss account							240,443				170,061
SHAREHOLDERS FUNDS							240,543				170,161
For the year ending 31 May 2018 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 27 December 2018 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
27 December 2018
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 2018
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
	Balance at 1 June 2016			100	0	(125,681)	0	0	(125,581)
	Changes in equity
	Total Comprehensive Income			0	0	295,742	0	0	295,742
	Balance at 31 May 2017			100	0	170,061	0	0	170,161
	Changes in equity
	Dividend			0	0	(5,000)	0	0	(5,000)
	Total comprehensive income			0	0	75,382	0	0	75,382
	Balance at 31 May 2018			100	0	240,443	0	0	240,543

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JLL FITNESS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

1.

Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost covention 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:

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 benefits and risks of owership remain with the lessor are charged to profit and loss account on a straight line basis over the life of the leases.

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 13 (2016 : 10).

3.	Tangible fixed assets
				Short Lease	Motor	F and F	Total
	Cost
	At start of period			0	3,850	32,777	36,627
	Additions			83,027	98,869	7,270	189,166
	At end of period			83,027	102,719	40,047	225,793
	Depreciation
	At start of period			0	2,919	13,321	16,240
	Provided during the period			8,303	24,950	4,009	37,262
	At end of period			8,303	27,869	17,330	53,502
	Net Book Value
	At start of period			0	931	19,456	20,387
	At end of period			74,724	74,850	22,717	172,291

4.	Debtors
					2018	2017
					£	£
	Due within one year
	Prepayments and accrued income				127,628	22,383
					127,628	22,383

5.	Creditors due within one year
					2018	2017
					£	£
	Obligations under finance leases				14,769	0
	Trade creditors				1,876,055	681,477
	Bank Loans and Overdrafts				219,542	0
	Corporation Tax				5,867	39,371
	Other taxes and social security costs				11,035	27,607
	Accruals and deferred income				28,359	19,404
					2,155,625	767,859
6.	Creditors due after one year
					2018	2017
					£	£
	Obligations under finance leases				65,485	0
	Loan from directors				123,662	151,337
					189,147	151,337

7.	Share capital				Alloted, Issued and fully paid
					2018	2017
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100

8.	Related Party Transactions
	During the year, the company paid dividends totalling £5,000 to the director.