GYM FACTORY (LOUGHBOROUGH) LIMITED

Company Registration Number:
09317138 (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 (LOUGHBOROUGH) LIMITED

Contents of the Financial Statements

for the Period Ended 30 December 2022

Balance sheet
Notes

GYM FACTORY (LOUGHBOROUGH) LIMITED

Balance sheet

As at 30 December 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 170,624 181,180
Total fixed assets: 170,624 181,180
Current assets
Stocks: 1,500 1,500
Debtors:   147,505 92,644
Cash at bank and in hand: 18 11,649
Total current assets: 149,023 105,793
Creditors: amounts falling due within one year:   (269,943) (210,803)
Net current assets (liabilities): (120,920) (105,010)
Total assets less current liabilities: 49,704 76,170
Total net assets (liabilities): 49,704 76,170
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 49,700 76,166
Shareholders funds: 49,704 76,170

The notes form part of these financial statements

GYM FACTORY (LOUGHBOROUGH) LIMITED

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 24 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 (LOUGHBOROUGH) LIMITED

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, are stated at cost less depreciation and any provision for impairment.Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, lesstheir estimated residual value, over their expected useful lives on the following basis:Plant & Machinery - 10% Reducing BalanceComputers - 33% Reducing Balance

GYM FACTORY (LOUGHBOROUGH) LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2022

2. Employees

2022 2021
Average number of employees during the period 2 3

GYM FACTORY (LOUGHBOROUGH) LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 348,109
Additions 1,582
At 30 December 2022 349,691
Depreciation
At 01 January 2022 166,929
Charge for year 12,138
At 30 December 2022 179,067
Net book value
At 30 December 2022 170,624
At 31 December 2021 181,180