MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
10691926 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The company's principal activity was the promotion of physical well-being activities.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

M J DOBSON
C A DITTING
J KING


The director shown below has held office during the period of
19 April 2022 to 31 March 2023

R LAVELLE


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 May 2023

And signed on behalf of the board by:
Name: M J DOBSON
Status: Director

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 38,071 57,553
Cost of sales: ( 16,873 ) ( 39,080 )
Gross profit(or loss): 21,198 18,473
Administrative expenses: ( 19,635 ) ( 21,811 )
Other operating income: 11,601
Operating profit(or loss): 1,563 8,263
Interest payable and similar charges: ( 1,098 ) ( 1,241 )
Profit(or loss) before tax: 465 7,022
Profit(or loss) for the financial year: 465 7,022

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 10,639 12,517
Total fixed assets: 10,639 12,517
Current assets
Debtors: 4 1,031 1,941
Cash at bank and in hand: 3,717 10,813
Total current assets: 4,748 12,754
Creditors: amounts falling due within one year: 5 ( 12,415 ) ( 12,961 )
Net current assets (liabilities): (7,667) (207)
Total assets less current liabilities: 2,972 12,310
Creditors: amounts falling due after more than one year: 6 ( 5,376 ) ( 15,179 )
Total net assets (liabilities): (2,404) (2,869)
Members' funds
Profit and loss account: (2,404) ( 2,869)
Total members' funds: ( 2,404) (2,869)

The notes form part of these financial statements

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 2023 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.

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

This report was approved by the board of directors on 30 May 2023
and signed on behalf of the board by:

Name: M J DOBSON
Status: Director

The notes form part of these financial statements

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Fixtures & fittings - 15% reducing balance

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 3

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 17,029 17,029
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 17,029 17,029
Depreciation
At 1 April 2022 4,512 4,512
Charge for year 1,878 1,878
On disposals
Other adjustments
At 31 March 2023 6,390 6,390
Net book value
At 31 March 2023 10,639 10,639
At 31 March 2022 12,517 12,517

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Other debtors 1,031 1,941
Total 1,031 1,941

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 7,804 7,804
Trade creditors 1,356 1,856
Taxation and social security 6 25
Accruals and deferred income 1,194 1,092
Other creditors 2,055 2,184
Total 12,415 12,961

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 1,042 8,846
Other creditors 4,334 6,333
Total 5,376 15,179

COMMUNITY INTEREST ANNUAL REPORT

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Company Number: 10691926 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

During the year the company continued to deliver sessions and activities to members of the local community. The participants are largely from low socio-economic groups. In the year particularly the company has worked with young people with disabilities, autism and other health challenges. The readily available health and fitness activities aim to improve the mental and physical health of participants, as well as seeking to promote a positive outlook to attendees.

Consultation with stakeholders

Our stakeholders are primarily members of the local community, and are often from deprived areas. We encourage feedback both during and after sessions from participants to help shape future classes and activities.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 May 2023

And signed on behalf of the board by:
Name: M J DOBSON
Status: Director