Company Registration No. 01234882 (England and Wales)
Art Gym Limited
Unaudited accounts
for the year ended 31 December 2023
Art Gym Limited
Unaudited accounts
Contents
Art Gym Limited
Company Information
for the year ended 31 December 2023
Company Number
01234882 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Art Gym Limited
Statement of financial position
as at 31 December 2023
Tangible assets
117,500
117,500
Creditors: amounts falling due within one year
(284,096)
(284,096)
Net current liabilities
(283,366)
(283,366)
Total assets less current liabilities
(165,866)
(165,866)
Provisions for liabilities
Deferred tax
(20,006)
(20,006)
Net liabilities
(185,872)
(185,872)
Called up share capital
12,600
12,600
Profit and loss account
(199,672)
(199,672)
Shareholders' funds
(185,872)
(185,872)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 18 September 2024 and were signed on its behalf by
S J Webb
Director
Company Registration No. 01234882
Art Gym Limited
Notes to the Accounts
for the year ended 31 December 2023
Art Gym Limited is a private company, limited by shares, registered in England and Wales, registration number 01234882. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
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
Land is not depreciated
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Tangible fixed assets
Land & buildings
At 31 December 2023
117,500
At 31 December 2023
117,500
At 31 December 2022
117,500
Carrying amount of land and buildings on cost basis
12,004
12,004
Amounts falling due within one year
Art Gym Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
284,096
284,096
Allotted, called up and fully paid:
12,600 Ordinary shares of £1 each
12,600
12,600
8
Transactions with related parties
Mr S J Webb is a director and shareholder in both Art Gym Limited and Simon Webb Limited.
Simon Webb Limited made a loan to Art Gym Limited of £284,096 (2022 £284,096) which was still outstanding at the year end and is shown in the financial statements as a current liability
The loan is repayable upon demand and subject to interest at a market rate
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).