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
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
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
My Gym Hazel Grove Limited
Statement of financial position
as at 31 October 2023
Intangible assets
9,942
11,599
Tangible assets
44,658
48,770
Cash at bank and in hand
44,493
23,528
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)
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
My Gym Hazel Grove Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation - Straight Line over 10 years
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.
My Gym Hazel Grove Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Other
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
At 31 October 2023
37,167
57,535
119
94,821
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
At 31 October 2023
22,990
21,630
38
44,658
At 31 October 2022
26,707
22,013
50
48,770
Amounts falling due within one year
Deferred tax asset
1,018
4,357
Accrued income and prepayments
7,331
7,284
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,776
2,754
Taxes and social security
6,453
4,480
Loans from directors
76,463
90,543
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).