Acorah Software Products - Accounts Production 15.0.600 true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 NI681105 Mr Stephen McConnell Mr Stephen McConnell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI681105 2023-07-31 NI681105 2024-07-31 NI681105 2023-08-01 2024-07-31 NI681105 frs-core:CurrentFinancialInstruments 2024-07-31 NI681105 frs-core:Non-currentFinancialInstruments 2024-07-31 NI681105 frs-core:PlantMachinery 2024-07-31 NI681105 frs-core:PlantMachinery 2023-08-01 2024-07-31 NI681105 frs-core:PlantMachinery 2023-07-31 NI681105 frs-core:ShareCapital 2024-07-31 NI681105 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI681105 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 NI681105 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 NI681105 frs-bus:SmallEntities 2023-08-01 2024-07-31 NI681105 frs-bus:EntityHasNeverTraded 2023-08-01 2024-07-31 NI681105 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 NI681105 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 NI681105 frs-bus:Director1 2023-08-01 2024-07-31 NI681105 frs-bus:Director1 2023-07-31 NI681105 frs-bus:Director1 2024-07-31 NI681105 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 NI681105 frs-countries:NorthernIreland 2023-08-01 2024-07-31 NI681105 2022-07-31 NI681105 2023-07-31 NI681105 2022-08-01 2023-07-31 NI681105 frs-core:CurrentFinancialInstruments 2023-07-31 NI681105 frs-core:Non-currentFinancialInstruments 2023-07-31 NI681105 frs-core:ShareCapital 2023-07-31 NI681105 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: NI681105
GYM101 LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
MMC Ltd
Moorefield
Lurgan
CRAIGAVON
Armagh
BT66 7NJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI681105
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 49,840
- 49,840
CURRENT ASSETS
Cash at bank and in hand 616 894
616 894
Creditors: Amounts Falling Due Within One Year 5 (44,705 ) (43,250 )
NET CURRENT ASSETS (LIABILITIES) (44,089 ) (42,356 )
TOTAL ASSETS LESS CURRENT LIABILITIES (44,089 ) 7,484
Creditors: Amounts Falling Due After More Than One Year 6 (18,474 ) (22,505 )
NET LIABILITIES (62,563 ) (15,021 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (62,564 ) (15,022 )
SHAREHOLDERS' FUNDS (62,563) (15,021)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen McConnell
Director
05/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GYM101 LIMITED is a private company, limited by shares, incorporated in Northern Ireland, registered number NI681105 . The registered office is 162 Antrim Road, Newtownabbey, BT36 7QZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery recognised on disposal
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2023 49,840
Disposals (49,840 )
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 49,840
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,699 6,698
Bank loans and overdrafts 7,200 10,000
VAT - 2,105
Accruals and deferred income 557 813
Director's loan account 30,249 23,634
44,705 43,250
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,474 22,505
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Creditors is the following loan from the director:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Stephen McConnell 23,634 10,987 4,372 - 30,249
The above loan is unsecured, interest free and repayable on demand.
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