Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-3112022-06-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13387238 2022-06-01 2023-05-31 13387238 2021-05-11 2022-05-31 13387238 2023-05-31 13387238 2022-05-31 13387238 c:Director1 2022-06-01 2023-05-31 13387238 d:PlantMachinery 2022-06-01 2023-05-31 13387238 d:PlantMachinery 2023-05-31 13387238 d:PlantMachinery 2022-05-31 13387238 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 13387238 d:FurnitureFittings 2022-06-01 2023-05-31 13387238 d:FurnitureFittings 2023-05-31 13387238 d:FurnitureFittings 2022-05-31 13387238 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 13387238 d:OfficeEquipment 2022-06-01 2023-05-31 13387238 d:OfficeEquipment 2023-05-31 13387238 d:OfficeEquipment 2022-05-31 13387238 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 13387238 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 13387238 d:CurrentFinancialInstruments 2023-05-31 13387238 d:CurrentFinancialInstruments 2022-05-31 13387238 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13387238 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 13387238 d:ShareCapital 2023-05-31 13387238 d:ShareCapital 2022-05-31 13387238 d:RetainedEarningsAccumulatedLosses 2023-05-31 13387238 d:RetainedEarningsAccumulatedLosses 2022-05-31 13387238 c:OrdinaryShareClass1 2022-06-01 2023-05-31 13387238 c:OrdinaryShareClass1 2023-05-31 13387238 c:OrdinaryShareClass1 2022-05-31 13387238 c:FRS102 2022-06-01 2023-05-31 13387238 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 13387238 c:FullAccounts 2022-06-01 2023-05-31 13387238 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13387238 2 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13387238










EISEY'S GYM LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
EISEY'S GYM LIMITED
REGISTERED NUMBER: 13387238

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
48,408
11,304

  
48,408
11,304

Current assets
  

Debtors: amounts falling due within one year
 5 
1,839
254

Bank current accounts
  
23,883
23,560

  
25,722
23,814

Creditors: amounts falling due within one year
 6 
(22,212)
(4,649)

Net current assets
  
 
 
3,510
 
 
19,165

Total assets less current liabilities
  
51,918
30,469

Provisions for liabilities
  

Deferred tax
  
(9,198)
(2,149)

  
 
 
(9,198)
 
 
(2,149)

Net assets
  
42,720
28,320


Capital and reserves
  

Called up share capital 
 7 
13,094
13,094

Profit and loss account
  
29,626
15,226

  
42,720
28,320


Page 1

 
EISEY'S GYM LIMITED
REGISTERED NUMBER: 13387238

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 February 2024.




Ian James Eisentrager
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
EISEY'S GYM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


GENERAL INFORMATION

Eisey's Gym Limited is a UK company incorporated in England and Wales with a registered number of 13387238 and registered office of 137 Old Street, Clevedon, BS21 6BH.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
EISEY'S GYM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
EISEY'S GYM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

FINANCIAL INSTRUMENTS

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Page 5

 
EISEY'S GYM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.13

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


TANGIBLE FIXED ASSETS





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2022
-
2,000
13,072
15,072


Additions
53,329
-
1,000
54,329



At 31 May 2023

53,329
2,000
14,072
69,401



Depreciation


At 1 June 2022
-
500
3,268
3,768


Charge for the year on owned assets
13,332
375
3,518
17,225



At 31 May 2023

13,332
875
6,786
20,993



Net book value



At 31 May 2023
39,997
1,125
7,286
48,408


5.


DEBTORS

2023
2022
£
£


Trade debtors
328
254

Prepayments and accrued income
1,511
-

1,839
254


Page 6

 
EISEY'S GYM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
2,928

Other taxation and social security
2,073
1,721

Other creditors
18,939
-

Accruals and deferred income
1,200
-

22,212
4,649


Page 7

 
EISEY'S GYM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


SHARE CAPITAL

2023
2022
£
£
Allotted, called up and fully paid



13,094 (2022 - 13,094) Ordinary shares of £1.00 each
13,094
13,094



Page 8