GYM FACTORY COSHAM LTD

Company Registration Number:
09901101 (England and Wales)

Unaudited abridged accounts for the year ended 30 December 2022

Period of accounts

Start date: 01 January 2022

End date: 30 December 2022

GYM FACTORY COSHAM LTD

Contents of the Financial Statements

for the Period Ended 30 December 2022

Balance sheet
Notes

GYM FACTORY COSHAM LTD

Balance sheet

As at 30 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 3,000 4,000
Tangible assets: 4 237,848 269,252
Total fixed assets: 240,848 273,252
Current assets
Stocks: 5,000 5,000
Debtors:   44,704 49,911
Cash at bank and in hand: 1,500
Total current assets: 51,204 54,911
Creditors: amounts falling due within one year:   (654,794) (527,644)
Net current assets (liabilities): (603,590) (472,733)
Total assets less current liabilities: (362,742) (199,481)
Creditors: amounts falling due after more than one year:   (88,074) (167,453)
Total net assets (liabilities): (450,816) (366,934)
Capital and reserves
Called up share capital: 1,500 1,500
Profit and loss account: (452,316) (368,434)
Shareholders funds: (450,816) (366,934)

The notes form part of these financial statements

GYM FACTORY COSHAM LTD

Balance sheet statements

For the year ending 30 December 2022 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 October 2023
and signed on behalf of the board by:

Name: M Racz
Status: Director

The notes form part of these financial statements

GYM FACTORY COSHAM LTD

Notes to the Financial Statements

for the Period Ended 30 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net ofValue Added Tax and trade discounts

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciationand any provision for impairment. Depreciation is provided at rates calculated to write off thecost or valuation of fixed assets, less their estimated residual value, over their expected usefullives on the following basis:Plant & Machinery - 33% Reducing BalanceFixture & Fittings - 10% Reducing Balance

Intangible fixed assets and amortisation policy

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight linebasis over the estimated expected useful economic life of the goodwill of 5 years

GYM FACTORY COSHAM LTD

Notes to the Financial Statements

for the Period Ended 30 December 2022

2. Employees

2022 2021
Average number of employees during the period 5 4

GYM FACTORY COSHAM LTD

Notes to the Financial Statements

for the Period Ended 30 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 30,000
At 30 December 2022 30,000
Amortisation
At 01 January 2022 26,000
Charge for year 1,000
At 30 December 2022 27,000
Net book value
At 30 December 2022 3,000
At 31 December 2021 4,000

GYM FACTORY COSHAM LTD

Notes to the Financial Statements

for the Period Ended 30 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 475,876
At 30 December 2022 475,876
Depreciation
At 01 January 2022 206,624
Charge for year 31,404
At 30 December 2022 238,028
Net book value
At 30 December 2022 237,848
At 31 December 2021 269,252