Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity22truetruefalse 07572666 2023-04-01 2024-03-31 07572666 2022-04-01 2023-03-31 07572666 2024-03-31 07572666 2023-03-31 07572666 c:Director1 2023-04-01 2024-03-31 07572666 d:PlantMachinery 2023-04-01 2024-03-31 07572666 d:PlantMachinery 2024-03-31 07572666 d:PlantMachinery 2023-03-31 07572666 d:Goodwill 2024-03-31 07572666 d:Goodwill 2023-03-31 07572666 d:CurrentFinancialInstruments 2024-03-31 07572666 d:CurrentFinancialInstruments 2023-03-31 07572666 d:Non-currentFinancialInstruments 2024-03-31 07572666 d:Non-currentFinancialInstruments 2023-03-31 07572666 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07572666 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07572666 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07572666 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07572666 d:ShareCapital 2024-03-31 07572666 d:ShareCapital 2023-03-31 07572666 d:RetainedEarningsAccumulatedLosses 2024-03-31 07572666 d:RetainedEarningsAccumulatedLosses 2023-03-31 07572666 c:FRS102 2023-04-01 2024-03-31 07572666 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07572666 c:FullAccounts 2023-04-01 2024-03-31 07572666 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07572666 d:WithinOneYear 2024-03-31 07572666 d:WithinOneYear 2023-03-31 07572666 d:BetweenOneFiveYears 2024-03-31 07572666 d:BetweenOneFiveYears 2023-03-31 07572666 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 07572666







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


GYMBO'S HEALTH & FITNESS LIMITED






































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GYMBO'S HEALTH & FITNESS LIMITED
REGISTERED NUMBER:07572666



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
577
2,139

Cash at bank and in hand
  
22,745
27,226

  
23,322
29,365

Creditors: amounts falling due within one year
 7 
(10,125)
(13,689)

Net current assets
  
 
 
13,197
 
 
15,676

Total assets less current liabilities
  
13,197
15,676

Creditors: amounts falling due after more than one year
  
(12,955)
(15,241)

  

Net assets
  
242
435


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
241
434

  
242
435


Page 1

 


GYMBO'S HEALTH & FITNESS LIMITED
REGISTERED NUMBER:07572666


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J S P Rivers
Director

Date: 29 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


GYMBO'S HEALTH & FITNESS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Gymbo's Health& Fitness Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 


GYMBO'S HEALTH & FITNESS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
6 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


GYMBO'S HEALTH & FITNESS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
12,000



At 31 March 2024

12,000



Amortisation


At 1 April 2023
12,000



At 31 March 2024

12,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 5

 


GYMBO'S HEALTH & FITNESS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
19,089



At 31 March 2024

19,089



Depreciation


At 1 April 2023
19,089



At 31 March 2024

19,089



Net book value



At 31 March 2024
-



At 31 March 2023
-


6.


Debtors

2024
2023
£
£


Other debtors
577
2,139

577
2,139



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,287
2,287

Corporation tax
946
2,210

Other creditors
5,722
8,022

Accruals and deferred income
1,170
1,170

10,125
13,689


Page 6

 


GYMBO'S HEALTH & FITNESS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,955
15,241

12,955
15,241



9.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
10,690
3,846

Later than 1 year and not later than 5 years
36,763
-

47,453
3,846


10.


Related party transactions

At the balance sheet date the company owed £5,722 (2023: £8,022) to the director. The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 7