Acorah Software Products - Accounts Production 15.0.400 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12756924 Mr Edward Fairhurst Mr Keith Fairhurst Mr Keith Fairhurst iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12756924 2023-07-31 12756924 2024-07-31 12756924 2023-08-01 2024-07-31 12756924 frs-core:CurrentFinancialInstruments 2024-07-31 12756924 frs-core:FurnitureFittings 2024-07-31 12756924 frs-core:FurnitureFittings 2023-08-01 2024-07-31 12756924 frs-core:FurnitureFittings 2023-07-31 12756924 frs-core:PlantMachinery 2024-07-31 12756924 frs-core:PlantMachinery 2023-08-01 2024-07-31 12756924 frs-core:PlantMachinery 2023-07-31 12756924 frs-core:ShareCapital 2024-07-31 12756924 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12756924 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12756924 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12756924 frs-bus:SmallEntities 2023-08-01 2024-07-31 12756924 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12756924 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12756924 frs-bus:Director1 2023-08-01 2024-07-31 12756924 frs-bus:Director2 2023-08-01 2024-07-31 12756924 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 12756924 frs-countries:EnglandWales 2023-08-01 2024-07-31 12756924 2022-07-31 12756924 2023-07-31 12756924 2022-08-01 2023-07-31 12756924 frs-core:CurrentFinancialInstruments 2023-07-31 12756924 frs-core:ShareCapital 2023-07-31 12756924 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12756924
Gym21 Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12756924
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,057 22,398
31,057 22,398
CURRENT ASSETS
Stocks 5 10 10
Debtors 6 4,034 3,744
Cash at bank and in hand 31,464 446
35,508 4,200
Creditors: Amounts Falling Due Within One Year 7 (52,881 ) (26,588 )
NET CURRENT ASSETS (LIABILITIES) (17,373 ) (22,388 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,684 10
NET ASSETS 13,684 10
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 13,674 -
SHAREHOLDERS' FUNDS 13,684 10
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For the year ending 31 July 2024 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.
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 Edward Fairhurst
Director
20/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gym21 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12756924 . The registered office is 10 St. Clements Road, Chorlton Cum Hardy, Manchester, M21 9HU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 4% straight line
Fixtures & Fittings 10% / 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 4)
2 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 18,902 3,697 22,599
Additions 8,090 2,652 10,742
As at 31 July 2024 26,992 6,349 33,341
Depreciation
As at 1 August 2023 124 77 201
Provided during the period 1,080 1,003 2,083
As at 31 July 2024 1,204 1,080 2,284
Net Book Value
As at 31 July 2024 25,788 5,269 31,057
As at 1 August 2023 18,778 3,620 22,398
5. Stocks
2024 2023
£ £
Stock 10 10
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,034 3,744
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 51,794 26,588
Taxation and social security 1,087 -
52,881 26,588
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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