1 February 2022 false No description of principal activity Taxfiler 2023.9.1 true 09953122business:PrivateLimitedCompanyLtd2022-02-012023-01-31 099531222022-01-31 099531222022-02-012023-01-31 09953122business:AuditExempt-NoAccountantsReport2022-02-012023-01-31 09953122business:FilletedAccounts2022-02-012023-01-31 099531222023-01-31 09953122business:Director12022-02-012023-01-31 09953122business:RegisteredOffice2022-02-012023-01-31 099531222022-01-31 09953122core:WithinOneYear2023-01-31 09953122core:WithinOneYear2022-01-31 09953122core:AfterOneYear2023-01-31 09953122core:AfterOneYear2022-01-31 09953122core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 09953122core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 09953122core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 09953122core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 09953122core:PreviouslyStatedAmount2023-01-31 09953122core:PreviouslyStatedAmount2022-01-31 09953122business:SmallEntities2022-02-012023-01-31 09953122countries:EnglandWales2022-02-012023-01-31 09953122core:PlantMachinery2022-02-012023-01-31 09953122core:FurnitureFittings2022-02-012023-01-31 09953122core:ComputerEquipment2022-02-012023-01-31 09953122core:IntangibleAssetsOtherThanGoodwill2022-01-31 09953122core:IntangibleAssetsOtherThanGoodwill2023-01-31 09953122core:PlantMachinery2022-01-31 09953122core:FurnitureFittings2022-01-31 09953122core:ComputerEquipment2022-01-31 09953122core:PlantMachinery2023-01-31 09953122core:FurnitureFittings2023-01-31 09953122core:ComputerEquipment2023-01-31 09953122core:WithinOneYear2022-02-012023-01-31 09953122business:OrdinaryShareClass12022-02-012023-01-31 09953122business:OrdinaryShareClass12021-02-012022-01-31 099531222021-02-012022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09953122 (England and Wales)
Raw Gym UK Ltd Unaudited accounts for the year ended 31 January 2023
Raw Gym UK Ltd Unaudited accounts Contents
Page
- 2 -
Raw Gym UK Ltd Company Information for the year ended 31 January 2023
Director
S M Zoghob
Company Number
09953122 (England and Wales)
Registered Office
Embassy Offices Stanwell Road Penarth CF64 2AA
- 3 -
Raw Gym UK Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,155 
15,056 
Current assets
Debtors
62,364 
29,224 
Cash at bank and in hand
777 
6,259 
63,141 
35,483 
Creditors: amounts falling due within one year
(323,954)
(300,456)
Net current liabilities
(260,813)
(264,973)
Total assets less current liabilities
(249,658)
(249,917)
Creditors: amounts falling due after more than one year
(38,886)
(48,225)
Net liabilities
(288,544)
(298,142)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(288,644)
(298,242)
Shareholders' funds
(288,544)
(298,142)
For the year ending 31 January 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 16 October 2023 and were signed on its behalf by
S M Zoghob Director Company Registration No. 09953122
- 4 -
Raw Gym UK Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Raw Gym UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 09953122. The registered office is Embassy Offices, Stanwell Road, Penarth, CF64 2AA.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Raw Gym UK Ltd Notes to the Accounts for the year ended 31 January 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The company has sustained a further loss in respect of the year ended 31st January 2022. This loss has resulted in a deficit of profit and loss account reserves of £310,742 (2021: £300,750). The company's director, management and shareholders have confirmed that they will continue to support the company during its loss making periods. The director and shareholders are therefore of the opinion that the company remains a going concern and the accounts have therefore been prepared on a 'going concern' basis
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2022
19,950 
At 31 January 2023
19,950 
Amortisation
At 1 February 2022
19,950 
At 31 January 2023
19,950 
Net book value
At 31 January 2023
- 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2022
16,928 
49,135 
1,650 
67,713 
Disposals
(189)
- 
- 
(189)
At 31 January 2023
16,739 
49,135 
1,650 
67,524 
Depreciation
At 1 February 2022
7,136 
44,368 
1,153 
52,657 
Charge for the year
2,401 
1,191 
124 
3,716 
On disposals
(4)
- 
- 
(4)
At 31 January 2023
9,533 
45,559 
1,277 
56,369 
Net book value
At 31 January 2023
7,206 
3,576 
373 
11,155 
At 31 January 2022
9,792 
4,767 
497 
15,056 
- 6 -
Raw Gym UK Ltd Notes to the Accounts for the year ended 31 January 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
59,972 
7,592 
Accrued income and prepayments
1,029 
19,019 
Other debtors
1,363 
2,613 
62,364 
29,224 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,883 
6,883 
VAT
21,768 
17,731 
Obligations under finance leases and hire purchase contracts
5,321 
5,321 
Trade creditors
362 
1,766 
Amounts owed to group undertakings and other participating interests
1,859 
- 
Taxes and social security
91,035 
72,168 
Other creditors
196,662 
196,539 
Loans from directors
64 
48 
323,954 
300,456 
Included within creditors falling due within one year is an amount of £5,321 (2021: £5,321 in respect of finance lease and hire purchase agreements which are secured on the assets to which they relate
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,886 
48,225 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).
- 7 -