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Company Registration No. 09029031 (England and Wales)
Gymfinity Limited Unaudited accounts for the year ended 31 May 2024
Gymfinity Limited Unaudited accounts Contents
Page
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Gymfinity Limited Company Information for the year ended 31 May 2024
Director
Ruth Chapman
Company Number
09029031 (England and Wales)
Registered Office
C/O Hynes Brothers Limited 1 Hough Cottage, Hough Lane Northwich Cheshire CW9 6AN
Accountants
Hynes Brothers Limited 1 Hough Cottage, Hough Lane Comberbach Northwich Cheshire CW9 6AN
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Gymfinity Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,054 
28,572 
Current assets
Debtors
45,531 
38,044 
Cash at bank and in hand
188,614 
185,279 
234,145 
223,323 
Creditors: amounts falling due within one year
(120,207)
(112,279)
Net current assets
113,938 
111,044 
Total assets less current liabilities
170,992 
139,616 
Creditors: amounts falling due after more than one year
(29,609)
(35,006)
Net assets
141,383 
104,610 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
141,283 
104,510 
Shareholders' funds
141,383 
104,610 
For the year ending 31 May 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 director acknowledges her 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 15 October 2024 and were signed on its behalf by
Ruth Chapman Director Company Registration No. 09029031
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Gymfinity Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Gymfinity Limited is a private company, limited by shares, registered in England and Wales, registration number 09029031. The registered office is C/O Hynes Brothers Limited, 1 Hough Cottage, Hough Lane, Northwich, Cheshire, CW9 6AN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
15% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
56,478 
Additions
38,550 
At 31 May 2024
95,028 
Depreciation
At 1 June 2023
27,906 
Charge for the year
10,068 
At 31 May 2024
37,974 
Net book value
At 31 May 2024
57,054 
At 31 May 2023
28,572 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,200 
- 
Other debtors
41,331 
38,044 
45,531 
38,044 
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Gymfinity Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,410 
5,277 
VAT
44,251 
34,185 
Trade creditors
11,128 
16,291 
Taxes and social security
18,941 
32,172 
Other creditors
36,525 
24,159 
Loans from directors
3,952 
195 
120,207 
112,279 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
29,609 
35,006 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 63 (2023: 46).
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