Foundry Gym Kidderminster Limited 14579073 false 2023-01-09 2024-01-31 2024-01-31 The principal activity of the company is Fitness gym and studios Digita Accounts Production Advanced 6.30.9574.0 true true 14579073 2023-01-09 2024-01-31 14579073 2024-01-31 14579073 core:CurrentFinancialInstruments 2024-01-31 14579073 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 14579073 core:FurnitureFittings 2024-01-31 14579073 core:OfficeEquipment 2024-01-31 14579073 core:PlantMachinery 2024-01-31 14579073 bus:SmallEntities 2023-01-09 2024-01-31 14579073 bus:AuditExemptWithAccountantsReport 2023-01-09 2024-01-31 14579073 bus:FilletedAccounts 2023-01-09 2024-01-31 14579073 bus:SmallCompaniesRegimeForAccounts 2023-01-09 2024-01-31 14579073 bus:RegisteredOffice 2023-01-09 2024-01-31 14579073 bus:Director1 2023-01-09 2024-01-31 14579073 bus:Director2 2023-01-09 2024-01-31 14579073 bus:PrivateLimitedCompanyLtd 2023-01-09 2024-01-31 14579073 core:FurnitureFittings 2023-01-09 2024-01-31 14579073 core:OfficeEquipment 2023-01-09 2024-01-31 14579073 core:PlantMachinery 2023-01-09 2024-01-31 14579073 countries:England 2023-01-09 2024-01-31 iso4217:GBP xbrli:pure

Registration number: 14579073

Foundry Gym Kidderminster Limited

Unaudited Filleted Abridged Financial Statements

for the Period from 9 January 2023 to 31 January 2024

 

Foundry Gym Kidderminster Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Foundry Gym Kidderminster Limited

Company Information

Directors

Mr Harjit Sangha

Mr Jaskamal Singh

Registered office

Unit 1
Britannia Business Park
Stourport Road
Kidderminster
Worcester
DY11 7PZ

Accountants

Onyx Accountants West Ltd
Chartered Management Accountants
1-3 Upper Street
Tettenhall
Wolverhampton
West Midlands
WV6 8QF

 

Foundry Gym Kidderminster Limited

(Registration number: 14579073)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

70,570

Current assets

 

Debtors

5

15,223

Creditors: Amounts falling due within one year

(100,572)

Net current liabilities

 

(85,349)

Total assets less current liabilities

 

(14,779)

Accruals and deferred income

 

(1,500)

Net liabilities

 

(16,279)

Capital and reserves

 

Called up share capital

100

Retained earnings

(16,379)

Shareholders' deficit

 

(16,279)

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 October 2024 and signed on its behalf by:
 

.........................................
Mr Harjit Sangha
Director

 

Foundry Gym Kidderminster Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 9 January 2023 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1
Britannia Business Park
Stourport Road
Kidderminster
Worcester
DY11 7PZ
United Kingdom

These financial statements were authorised for issue by the Board on 8 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Foundry Gym Kidderminster Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 9 January 2023 to 31 January 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Foundry Gym Kidderminster Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 9 January 2023 to 31 January 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

Additions

38,589

3,425

30,819

72,833

At 31 January 2024

38,589

3,425

30,819

72,833

Depreciation

Charge for the period

791

-

1,472

2,263

At 31 January 2024

791

-

1,472

2,263

Carrying amount

At 31 January 2024

37,798

3,425

29,347

70,570

5

Debtors

Debtors includes £Nil due after more than one year.