Company Registration No. 10714754 (England and Wales)
Musclesquad Limited
Unaudited accounts
for the year ended 30 April 2023
Musclesquad Limited
Unaudited accounts
Contents
Musclesquad Limited
Company Information
for the year ended 30 April 2023
Company Number
10714754 (England and Wales)
Registered Office
Unit 11,
Garamonde Drive, Wymbush
Milton Keynes
MK8 8DF
England
Accountants
Youtopia Solutions Ltd
Suite 6 Mercer Manor Barns
Sherington
Newport Pagnell
Buckinghamshire
MK16 9PU
Musclesquad Limited
Statement of financial position
as at 30 April 2023
Tangible assets
209,590
184,708
Inventories
509,781
823,485
Cash at bank and in hand
(19,492)
(15,412)
Creditors: amounts falling due within one year
(317,766)
(305,971)
Net current assets
1,061,082
783,188
Total assets less current liabilities
1,270,672
967,896
Creditors: amounts falling due after more than one year
(474,989)
(155,858)
Net assets
795,683
812,038
Called up share capital
1
1
Share premium
330,714
330,714
Profit and loss account
464,968
481,323
Shareholders' funds
795,683
812,038
For the year ending 30 April 2023 the company was entitled to exemption from audit 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 accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2023 and were signed on its behalf by
Chris Billingham
Director
Company Registration No. 10714754
Musclesquad Limited
Notes to the Accounts
for the year ended 30 April 2023
Musclesquad Limited is a private company, limited by shares, registered in England and Wales, registration number 10714754. The registered office is Unit 11,, Garamonde Drive, Wymbush, Milton Keynes, MK8 8DF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No Depreciation
Plant & machinery
SLDP - Full Month - 25%
Motor vehicles
SLDP - Full Month - 5 Years
Fixtures & fittings
SLDP - Full Month - 20%
Computer equipment
SLDP - Full Month - 25%
Other tangible fixed assets
SLDP - Full Month - 25%
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 May 2022
38,444
58,208
76,040
28,107
27,955
228,754
Additions
-
4,719
63,123
4,160
2,876
74,878
At 30 April 2023
38,444
62,927
139,163
32,267
30,831
303,632
At 1 May 2022
3,844
15,123
11,270
5,978
7,831
44,046
Charge for the year
3,845
14,534
16,790
7,517
7,310
49,996
At 30 April 2023
7,689
29,657
28,060
13,495
15,141
94,042
At 30 April 2023
30,755
33,270
111,103
18,772
15,690
209,590
At 30 April 2022
34,600
43,085
64,770
22,129
20,124
184,708
Musclesquad Limited
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Trade debtors
177,742
125,589
Accrued income and prepayments
547,608
50,929
Other debtors
129,993
71,352
Amounts falling due after more than one year
Other debtors
33,216
33,216
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
39,759
10,956
Trade creditors
138,839
122,205
Amounts owed to group undertakings and other participating interests
2,687
-
Taxes and social security
4,143
(1,653)
Other creditors
110,439
88,704
Loans from directors
119
4,491
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
125,187
75,831
Amounts owed to group undertakings and other participating interests
-
44,910
8
Average number of employees
During the year the average number of employees was 8 (2022: 10).