Company Registration No. 08331537 (England and Wales)
Fight City Gyms Limited
Unaudited accounts
for the year ended 31 December 2023
Fight City Gyms Limited
Unaudited accounts
Contents
Fight City Gyms Limited
Company Information
for the year ended 31 December 2023
Director
Mandeep Singh Johal
Company Number
08331537 (England and Wales)
Registered Office
15 WORSHIP STREET
LONDON
EC2A 2DT
ENGLAND
Fight City Gyms Limited
Statement of financial position
as at 31 December 2023
Tangible assets
196,706
225,259
Cash at bank and in hand
8,008
106,254
Creditors: amounts falling due within one year
(434,115)
(413,511)
Net current assets
381,167
386,818
Total assets less current liabilities
577,873
612,077
Creditors: amounts falling due after more than one year
(185,475)
(129,588)
Net assets
392,398
482,489
Called up share capital
133,901
133,901
Share premium
474,614
474,614
Profit and loss account
(216,117)
(126,026)
Shareholders' funds
392,398
482,489
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 26 July 2024 and were signed on its behalf by
Mandeep Singh Johal
Director
Company Registration No. 08331537
Fight City Gyms Limited
Notes to the Accounts
for the year ended 31 December 2023
Fight City Gyms Limited is a private company, limited by shares, registered in England and Wales, registration number 08331537. The registered office is 15 WORSHIP STREET, LONDON, EC2A 2DT, ENGLAND.
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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:
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
287,209
77,060
66,509
11,968
442,746
Additions
-
8,765
-
1,224
9,989
Disposals
-
-
(1,376)
-
(1,376)
At 31 December 2023
287,209
85,825
65,133
13,192
451,359
At 1 January 2023
92,963
61,424
52,976
10,124
217,487
Charge for the year
25,848
8,304
1,977
1,037
37,166
At 31 December 2023
118,811
69,728
54,953
11,161
254,653
At 31 December 2023
168,398
16,097
10,180
2,031
196,706
At 31 December 2022
194,246
15,636
13,533
1,844
225,259
Fight City Gyms Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
635,152
571,137
Accrued income and prepayments
85,309
40,459
Other debtors
81,279
81,279
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
60,634
173,189
Obligations under finance leases and hire purchase contracts
-
1,604
Trade creditors
199,438
56,170
Taxes and social security
4,054
4,764
Other creditors
25,865
47,588
Loans from directors
144,124
129,607
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
185,013
127,583
Obligations under finance leases and hire purchase contracts
-
2,005
Taxes and social security
462
-
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Average number of employees
During the year the average number of employees was 13 (2022: 17).