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REGISTERED NUMBER: SC618453 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

WOLFHOUSE GYM LTD

WOLFHOUSE GYM LTD (REGISTERED NUMBER: SC618453)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOLFHOUSE GYM LTD

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTOR: Miss E L Hebborn





REGISTERED OFFICE: Units 3 & 4
Annat Point Industrial Estate
Corpach
FORT WILLIAM
PH33 7NA





REGISTERED NUMBER: SC618453 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

WOLFHOUSE GYM LTD (REGISTERED NUMBER: SC618453)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,925 22,719

CURRENT ASSETS
Stocks 600 -
Cash at bank and in hand 21,799 65,374
22,399 65,374
CREDITORS
Amounts falling due within one year 5 24,030 37,756
NET CURRENT (LIABILITIES)/ASSETS (1,631 ) 27,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,294

50,337

CREDITORS
Amounts falling due after more than one
year

6

(10,266

)

(15,150

)

PROVISIONS FOR LIABILITIES (5,116 ) (4,583 )
NET ASSETS 9,912 30,604

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,812 30,504
SHAREHOLDERS' FUNDS 9,912 30,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WOLFHOUSE GYM LTD (REGISTERED NUMBER: SC618453)

BALANCE SHEET - continued
30 June 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 director and authorised for issue on 1 February 2024 and were signed by:





Miss E L Hebborn - Director


WOLFHOUSE GYM LTD (REGISTERED NUMBER: SC618453)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

Wolfhouse Gym Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 3 (2022 - 3 ) .

WOLFHOUSE GYM LTD (REGISTERED NUMBER: SC618453)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 32,966 14,212 3,525 50,703
Additions 13,532 - 465 13,997
At 30 June 2023 46,498 14,212 3,990 64,700
DEPRECIATION
At 1 July 2022 17,212 8,217 2,555 27,984
Charge for year 7,322 1,499 970 9,791
At 30 June 2023 24,534 9,716 3,525 37,775
NET BOOK VALUE
At 30 June 2023 21,964 4,496 465 26,925
At 30 June 2022 15,754 5,995 970 22,719

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,109 2,248
Taxation and social security 6,781 8,669
Other creditors 14,140 26,839
24,030 37,756

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 10,266 15,150