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Company Registration No. 10714754 (England and Wales)
Musclesquad Limited Unaudited accounts for the year ended 30 April 2023
Musclesquad Limited Unaudited accounts Contents
Page
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Musclesquad Limited Company Information for the year ended 30 April 2023
Director
Chris Billingham
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
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Musclesquad Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
209,590 
184,708 
Current assets
Inventories
509,781 
823,485 
Debtors
888,559 
281,086 
Cash at bank and in hand
(19,492)
(15,412)
1,378,848 
1,089,159 
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 
Capital and reserves
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
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Musclesquad Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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Musclesquad Limited Notes to the Accounts for the year ended 30 April 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
855,343 
247,870 
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 
VAT
21,780 
41,334 
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 
Accruals
- 
39,934 
317,766 
305,971 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
349,802 
35,117 
Obligations under finance leases and hire purchase contracts
125,187 
75,831 
Amounts owed to group undertakings and other participating interests
- 
44,910 
474,989 
155,858 
8
Average number of employees
During the year the average number of employees was 8 (2022: 10).
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