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REGISTERED NUMBER: 12085081 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

U-GYM (NW) LIMITED

U-GYM (NW) LIMITED (REGISTERED NUMBER: 12085081)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


U-GYM (NW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr H G Armer
Mrs A Armer



REGISTERED OFFICE: The Tower
Daltongate Business Centre
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 12085081 (England and Wales)



BANKERS: Monzo Bank Limited
Broadwalk House 5 Appold Street
London
EC2A 2AG

U-GYM (NW) LIMITED (REGISTERED NUMBER: 12085081)

ABRIDGED BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,827 31,079

CURRENT ASSETS
Debtors 8,082 18,493
Cash at bank 2,012 -
10,094 18,493
CREDITORS
Amounts falling due within one year 15,868 31,764
NET CURRENT LIABILITIES (5,774 ) (13,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,053

17,808

CREDITORS
Amounts falling due after more than one
year

8,831

17,125
NET ASSETS 222 683

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 221 682
SHAREHOLDERS' FUNDS 222 683

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

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

U-GYM (NW) LIMITED (REGISTERED NUMBER: 12085081)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





Mr H G Armer - Director


U-GYM (NW) LIMITED (REGISTERED NUMBER: 12085081)

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

1. STATUTORY INFORMATION

U-Gym (NW) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis the director having agreed to continue to support the company.

Turnover
Turnover represents net invoiced sales of services, excluding VAT.

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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 70,386
Additions 1,318
At 31 July 2023 71,704
DEPRECIATION
At 1 August 2022 39,307
Charge for year 17,570
At 31 July 2023 56,877
NET BOOK VALUE
At 31 July 2023 14,827
At 31 July 2022 31,079

U-GYM (NW) LIMITED (REGISTERED NUMBER: 12085081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS - continued

The net book value of tangible fixed assets includes £10,773 (2022 : £21,545) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £10,773 (2022 : £10,772) for the financial year.

5. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 17,125 25,009

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mr H G Armer
Balance outstanding at start of year 18,465 11,955
Amounts advanced 8,082 18,465
Amounts repaid (18,465 ) (11,955 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,082 18,465

During the financial year the director was charged £213 (2022: £301) interest on the loan which is unsecured and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr H G Armer.