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REGISTERED NUMBER: 08303885 (England and Wales)













Gym Solutions Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023






Gym Solutions Ltd (Registered number: 08303885)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gym Solutions Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: P Woolrich
N Warrilow





SECRETARY: P Woolrich





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle-under-Lyme
Staffordshire
ST5 7JB





REGISTERED NUMBER: 08303885 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Gym Solutions Ltd (Registered number: 08303885)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,289 3,053

CURRENT ASSETS
Stocks 1,680 1,350
Debtors 5 9,699 6,863
Cash at bank 26,802 1,563
38,181 9,776
CREDITORS
Amounts falling due within one year 6 16,032 11,470
NET CURRENT ASSETS/(LIABILITIES) 22,149 (1,694 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,438

1,359

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,338 1,259
24,438 1,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Gym Solutions Ltd (Registered number: 08303885)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:




P Woolrich - Director



N Warrilow - Director


Gym Solutions Ltd (Registered number: 08303885)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Gym Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 2,350 2,000 1,555 5,905
DEPRECIATION
At 1 January 2023 1,451 500 901 2,852
Charge for year 225 375 164 764
At 31 December 2023 1,676 875 1,065 3,616
NET BOOK VALUE
At 31 December 2023 674 1,125 490 2,289
At 31 December 2022 899 1,500 654 3,053

Gym Solutions Ltd (Registered number: 08303885)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,699 6,863

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,999
Taxation and social security 11,610 933
Other creditors 4,422 8,538
16,032 11,470