MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
10691926 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The company's principal activity during the year was the provision of physical well-being activities



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

M J DOBSON
J KING
R LAVELLE


The director shown below has held office during the period of
1 April 2023 to 9 June 2023

C A DITTING


The director shown below has held office during the period of
9 June 2023 to 31 March 2024

D J FOSTER


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 November 2024

And signed on behalf of the board by:
Name: M J DOBSON
Status: Director

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 14,940 38,071
Cost of sales: ( 3,260 ) ( 16,873 )
Gross profit(or loss): 11,680 21,198
Administrative expenses: ( 8,605 ) ( 19,635 )
Operating profit(or loss): 3,075 1,563
Interest payable and similar charges: ( 1,022 ) ( 1,098 )
Profit(or loss) before tax: 2,053 465
Profit(or loss) for the financial year: 2,053 465

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 9,042 10,639
Total fixed assets: 9,042 10,639
Current assets
Debtors: 4 147 1,031
Cash at bank and in hand: 2,199 3,717
Total current assets: 2,346 4,748
Creditors: amounts falling due within one year: 5 ( 9,405 ) ( 12,415 )
Net current assets (liabilities): (7,059) (7,667)
Total assets less current liabilities: 1,983 2,972
Creditors: amounts falling due after more than one year: 6 ( 2,334 ) ( 5,376 )
Total net assets (liabilities): (351) (2,404)
Members' funds
Profit and loss account: (351) ( 2,404)
Total members' funds: ( 351) (2,404)

The notes form part of these financial statements

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 22 November 2024
and signed on behalf of the board by:

Name: M J DOBSON
Status: Director

The notes form part of these financial statements

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures & equipment - 15% reducing balance

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 5

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 17,029 17,029
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 17,029 17,029
Depreciation
At 1 April 2023 6,390 6,390
Charge for year 1,597 1,597
On disposals
Other adjustments
At 31 March 2024 7,987 7,987
Net book value
At 31 March 2024 9,042 9,042
At 31 March 2023 10,639 10,639

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Other debtors 147 1,031
Total 147 1,031

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 3,214 9,803
Trade creditors 883 1,356
Taxation and social security 6 6
Accruals and deferred income 5,131 1,194
Other creditors 171 56
Total 9,405 12,415

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 2,334 5,376
Total 2,334 5,376

COMMUNITY INTEREST ANNUAL REPORT

MUSCLETONE GYM AND FITNESS COMMUNITY INTEREST COMPANY

Company Number: 10691926 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

During the year the company continued to deliver sessions and activities to members of the local community. The participants are largely from low socio-economic groups. The company is increasingly focusing on supporting children and adults with multiple disabilities, and has initiated the development of a youth gym. Additionally the company is committed to working with deprived communities by offering very low-cost gym membership to individuals on low income.

Consultation with stakeholders

Our stakeholders are primarily members of the local community. At all sessions we encourage feedback. This feedback helps us tailor our delivery to the needs of participants.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 November 2024

And signed on behalf of the board by:
Name: M J DOBSON
Status: Director