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REGISTERED NUMBER: 08862835 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Exercise3 Ltd

Exercise3 Ltd (Registered number: 08862835)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Exercise3 Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: E T Atkins
Dr N J Atkins



REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS



REGISTERED NUMBER: 08862835 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: TSB
PO Box 373
Leeds
LS14 9GQ

Exercise3 Ltd (Registered number: 08862835)

Statement of Financial Position
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 783 286

CURRENT ASSETS
Debtors 5 39,076 61,869
Cash at bank 140,588 95,435
179,664 157,304
CREDITORS
Amounts falling due within one year 6 33,559 22,122
NET CURRENT ASSETS 146,105 135,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,888

135,468

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 146,788 135,368
SHAREHOLDERS' FUNDS 146,888 135,468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 6 March 2024 and were signed on its behalf by:





E T Atkins - Director


Exercise3 Ltd (Registered number: 08862835)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Exercise3 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 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.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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 statement of financial position date.

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 1 (2022 - 1 ) .

Exercise3 Ltd (Registered number: 08862835)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 December 2022 350 3,382 3,732
Additions - 1,024 1,024
Disposals - (2,089 ) (2,089 )
At 30 November 2023 350 2,317 2,667
Depreciation
At 1 December 2022 350 3,096 3,446
Charge for year - 527 527
Eliminated on disposal - (2,089 ) (2,089 )
At 30 November 2023 350 1,534 1,884
Net book value
At 30 November 2023 - 783 783
At 30 November 2022 - 286 286

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 38,280 61,080
Other debtors 796 789
39,076 61,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Taxation and social security 21,856 21,014
Other creditors 11,703 1,108
33,559 22,122

7. RELATED PARTY DISCLOSURES

Directors: E T Atkins
Dr N J Atkins

At 30 November 2023 the company owed the directors £10,924 (2022 - £389). The balance owed, included within other creditors, is made of business expenses not yet reimbursed and declared dividends directly credited to the director's loan account. The loan balance is repayable to the directors on demand.