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REGISTERED NUMBER: 14344437 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GYMWORKS SKELMERSDALE LTD

GYMWORKS SKELMERSDALE LTD (REGISTERED NUMBER: 14344437)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GYMWORKS SKELMERSDALE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: Mr P Guy
Mr C Winstanley





Registered office: Aviation House
Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TE





Registered number: 14344437 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

GYMWORKS SKELMERSDALE LTD (REGISTERED NUMBER: 14344437)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 609,162 54,375

CURRENT ASSETS
Debtors 5 1,345 100
Cash at bank and in hand 154,768 -
156,113 100
CREDITORS
Amounts falling due within one year 6 454,485 69,420
NET CURRENT LIABILITIES (298,372 ) (69,320 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,790

(14,945

)

CREDITORS
Amounts falling due after more than one
year

7

266,768

-
NET ASSETS/(LIABILITIES) 44,022 (14,945 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 43,922 (15,045 )
SHAREHOLDERS' FUNDS 44,022 (14,945 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 24 July 2024 and were signed on its behalf by:





Mr P Guy - Director


GYMWORKS SKELMERSDALE LTD (REGISTERED NUMBER: 14344437)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Gymworks Skelmersdale 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.
Improvements to property - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

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 7 (2023 - 2 ) .

GYMWORKS SKELMERSDALE LTD (REGISTERED NUMBER: 14344437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 - 61,500 4,700 66,200
Additions 352,386 138,671 117,778 608,835
At 31 March 2024 352,386 200,171 122,478 675,035
DEPRECIATION
At 1 April 2023 - 11,531 294 11,825
Charge for year 9,759 26,620 17,669 54,048
At 31 March 2024 9,759 38,151 17,963 65,873
NET BOOK VALUE
At 31 March 2024 342,627 162,020 104,515 609,162
At 31 March 2023 - 49,969 4,406 54,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,345 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 40,962 -
Hire purchase contracts 24,069 -
Trade creditors 36,669 -
Amounts owed to group undertakings 231,878 69,120
Taxation and social security 15,630 -
Other creditors 105,277 300
454,485 69,420

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 164,134 -
Hire purchase contracts 102,634 -
266,768 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 205,096 -
Hire purchase contracts 126,703 -
331,799 -

GYMWORKS SKELMERSDALE LTD (REGISTERED NUMBER: 14344437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors, by virtue of their ownership of the majority of the issued share capital of the holding company, Gymworks Holdings Limited.