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REGISTERED NUMBER: 10181996 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

PREMIER GYMS LIMITED

PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER GYMS LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: L P Christopher
R N Thurston





SECRETARY: L P Christopher





REGISTERED OFFICE: Premier House
Beveridge Lane
Bardon
Coalville
Leicestershire
LE67 1TA





REGISTERED NUMBER: 10181996 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Balance Sheet
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,577 28,023

CURRENT ASSETS
Stocks 2,476 2,476
Debtors 5 21,341 28,692
Cash at bank 9,629 12,787
33,446 43,955
CREDITORS
Amounts falling due within one year 6 33,174 43,222
NET CURRENT ASSETS 272 733
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,849

28,756

CREDITORS
Amounts falling due after more than one
year

7

(19,390

)

(30,039

)

PROVISIONS FOR LIABILITIES (5,325 ) (5,325 )
NET ASSETS/(LIABILITIES) 134 (6,608 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34 (6,708 )
134 (6,608 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Balance Sheet - continued
31 MAY 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 23 February 2024 and were signed on its behalf by:





L P Christopher - Director


PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Premier Gyms Limited 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 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

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 2 (2022 - 2 ) .

PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022 71,951
Additions 12,783
At 31 May 2023 84,734
DEPRECIATION
At 1 June 2022 43,928
Charge for year 16,229
At 31 May 2023 60,157
NET BOOK VALUE
At 31 May 2023 24,577
At 31 May 2022 28,023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 11,793 13,144
Other debtors 4,100 4,100
Prepayments 5,448 11,448
21,341 28,692

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other loans 10,200 10,200
Trade creditors 8,393 20,871
Tax 2,292 -
VAT 9,014 9,001
Accrued expenses 3,275 3,150
33,174 43,222

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Other loans - 2-5 years 19,390 30,039

8. RELATED PARTY DISCLOSURES

During the year the company paid £70,000 (2022: £57,113) rent and facility charges to Premier Logistics (UK) Ltd, a company owned by the Director.

PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023


9. ULTIMATE CONTROLLING PARTY

The controlling party is L P Christopher.

The ultimate controlling party is L P Christopher.