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Company Registration No. 12273609 (England and Wales)
My Gym Hazel Grove Limited Unaudited accounts for the year ended 31 October 2023
My Gym Hazel Grove Limited Unaudited accounts Contents
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My Gym Hazel Grove Limited Company Information for the year ended 31 October 2023
Directors
David O'Sullivan Peter O'Sullivan Stephen Hoyles Bethany Scholey
Company Number
12273609 (England and Wales)
Registered Office
UNIT 8 & 9 GREYHOUND INDUSTRIAL ESTATE, HAZEL GROVE STOCKPORT CHESHIRE SK7 6DD ENGLAND
Accountants
Timothy Revell 15 Tregea Terrace Portreath Redruth Cornwall TR16 4NG
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My Gym Hazel Grove Limited Accountants' report
Accountants' report to the board of directors of My Gym Hazel Grove Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 October 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 October 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Timothy Revell 15 Tregea Terrace Portreath Redruth Cornwall TR16 4NG 24 February 2024
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My Gym Hazel Grove Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,942 
11,599 
Tangible assets
44,658 
48,770 
54,600 
60,369 
Current assets
Debtors
8,349 
11,641 
Cash at bank and in hand
44,493 
23,528 
52,842 
35,169 
Creditors: amounts falling due within one year
(94,395)
(106,127)
Net current liabilities
(41,553)
(70,958)
Net assets/(liabilities)
13,047 
(10,589)
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
13,027 
(10,609)
Shareholders' funds
13,047 
(10,589)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2024 and were signed on its behalf by
Stephen Hoyles Director Company Registration No. 12273609
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My Gym Hazel Grove Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
My Gym Hazel Grove Limited is a private company, limited by shares, registered in England and Wales, registration number 12273609. The registered office is UNIT 8 & 9 GREYHOUND INDUSTRIAL ESTATE, , HAZEL GROVE, STOCKPORT, CHESHIRE, SK7 6DD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight Line over 10 years (Leasehold Improvements)
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation - Straight Line over 10 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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My Gym Hazel Grove Limited Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
16,570 
At 31 October 2023
16,570 
Amortisation
At 1 November 2022
4,971 
Charge for the year
1,657 
At 31 October 2023
6,628 
Net book value
At 31 October 2023
9,942 
At 31 October 2022
11,599 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
37,167 
50,708 
119 
87,994 
Additions
- 
6,827 
- 
6,827 
At 31 October 2023
37,167 
57,535 
119 
94,821 
Depreciation
At 1 November 2022
10,460 
28,695 
69 
39,224 
Charge for the year
3,717 
7,210 
12 
10,939 
At 31 October 2023
14,177 
35,905 
81 
50,163 
Net book value
At 31 October 2023
22,990 
21,630 
38 
44,658 
At 31 October 2022
26,707 
22,013 
50 
48,770 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
1,018 
4,357 
Accrued income and prepayments
7,331 
7,284 
8,349 
11,641 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,716 
7,081 
Trade creditors
1,776 
2,754 
Taxes and social security
6,453 
4,480 
Loans from directors
76,463 
90,543 
Accruals
987 
1,269 
94,395 
106,127 
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My Gym Hazel Grove Limited Notes to the Accounts for the year ended 31 October 2023
8
Transactions with related parties
As at 31 October 2023, the Company owed £77,681.00 to the majority shareholder-director. This is payable on demand at an interest rate of 0%.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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