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REGISTERED NUMBER: 10711790 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GYMWORKS FULWOOD LIMITED

GYMWORKS FULWOOD LIMITED (REGISTERED NUMBER: 10711790)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


GYMWORKS FULWOOD LIMITED (REGISTERED NUMBER: 10711790)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 268,507 186,670

CURRENT ASSETS
Debtors 5 366,646 191,302
Cash at bank and in hand 393,361 535,810
760,007 727,112
CREDITORS
Amounts falling due within one year 6 218,746 223,323
NET CURRENT ASSETS 541,261 503,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

809,768

690,459

CREDITORS
Amounts falling due after more than one
year

7

(33,936

)

(65,333

)

PROVISIONS FOR LIABILITIES 9 (54,867 ) (24,105 )
NET ASSETS 720,965 601,021

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 720,865 600,921
SHAREHOLDERS' FUNDS 720,965 601,021

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 Statement of Income and Retained Earnings 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:





P Guy - Director


GYMWORKS FULWOOD LIMITED (REGISTERED NUMBER: 10711790)

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

1. STATUTORY INFORMATION

GymWorks Fulwood Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10711790

Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

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.
Short leasehold - 5% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2023 - 10 ) .

GYMWORKS FULWOOD LIMITED (REGISTERED NUMBER: 10711790)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 170,435 275,619 118,945 - 564,999
Additions 10,300 2,212 4,964 96,591 114,067
At 31 March 2024 180,735 277,831 123,909 96,591 679,066
DEPRECIATION
At 1 April 2023 42,116 270,512 65,701 - 378,329
Charge for year 8,628 1,728 11,132 10,742 32,230
At 31 March 2024 50,744 272,240 76,833 10,742 410,559
NET BOOK VALUE
At 31 March 2024 129,991 5,591 47,076 85,849 268,507
At 31 March 2023 128,319 5,107 53,244 - 186,670

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 213,820 166,100
Other debtors 152,826 25,202
366,646 191,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 28,000
Hire purchase contracts 2,257 -
Trade creditors 33,914 34,333
Taxation and social security 138,409 117,532
Other creditors 44,166 43,458
218,746 223,323

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 65,333
Hire purchase contracts 33,936 -
33,936 65,333

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 36,193 -

GYMWORKS FULWOOD LIMITED (REGISTERED NUMBER: 10711790)

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

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 54,867 24,105

Deferred
tax
£   
Balance at 1 April 2023 24,105
Provided during year 30,762
Balance at 31 March 2024 54,867

10. CALLED UP SHARE CAPITAL

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

11. 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.