Caseware UK (AP4) 2023.0.135 2023.0.135 false3true2022-12-01falseNo description of principal activity3falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08352766 2022-12-01 2023-11-30 08352766 2021-12-01 2022-11-30 08352766 2023-11-30 08352766 2022-11-30 08352766 c:Director1 2022-12-01 2023-11-30 08352766 d:PlantMachinery 2022-12-01 2023-11-30 08352766 d:PlantMachinery 2023-11-30 08352766 d:PlantMachinery 2022-11-30 08352766 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08352766 d:FurnitureFittings 2022-12-01 2023-11-30 08352766 d:FurnitureFittings 2023-11-30 08352766 d:FurnitureFittings 2022-11-30 08352766 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08352766 d:OfficeEquipment 2022-12-01 2023-11-30 08352766 d:OfficeEquipment 2023-11-30 08352766 d:OfficeEquipment 2022-11-30 08352766 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08352766 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08352766 d:CurrentFinancialInstruments 2023-11-30 08352766 d:CurrentFinancialInstruments 2022-11-30 08352766 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08352766 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 08352766 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 08352766 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 08352766 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 08352766 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 08352766 d:ShareCapital 2023-11-30 08352766 d:ShareCapital 2022-11-30 08352766 d:RetainedEarningsAccumulatedLosses 2023-11-30 08352766 d:RetainedEarningsAccumulatedLosses 2022-11-30 08352766 c:OrdinaryShareClass1 2022-12-01 2023-11-30 08352766 c:OrdinaryShareClass1 2023-11-30 08352766 c:OrdinaryShareClass1 2022-11-30 08352766 c:FRS102 2022-12-01 2023-11-30 08352766 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08352766 c:FullAccounts 2022-12-01 2023-11-30 08352766 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08352766 d:Subsidiary1 2022-12-01 2023-11-30 08352766 d:Subsidiary1 1 2022-12-01 2023-11-30 08352766 d:Subsidiary2 2022-12-01 2023-11-30 08352766 d:Subsidiary2 1 2022-12-01 2023-11-30 08352766 d:Subsidiary3 2022-12-01 2023-11-30 08352766 d:Subsidiary3 1 2022-12-01 2023-11-30 08352766 d:Subsidiary4 2022-12-01 2023-11-30 08352766 d:Subsidiary4 1 2022-12-01 2023-11-30 08352766 d:Subsidiary5 2022-12-01 2023-11-30 08352766 d:Subsidiary5 1 2022-12-01 2023-11-30 08352766 d:Subsidiary7 2022-12-01 2023-11-30 08352766 d:Subsidiary7 1 2022-12-01 2023-11-30 08352766 d:Subsidiary8 2022-12-01 2023-11-30 08352766 d:Subsidiary8 1 2022-12-01 2023-11-30 08352766 d:Subsidiary10 2022-12-01 2023-11-30 08352766 d:Subsidiary10 1 2022-12-01 2023-11-30 08352766 d:Subsidiary11 2022-12-01 2023-11-30 08352766 d:Subsidiary11 1 2022-12-01 2023-11-30 08352766 d:Subsidiary12 2022-12-01 2023-11-30 08352766 d:Subsidiary12 1 2022-12-01 2023-11-30 08352766 d:Subsidiary13 2022-12-01 2023-11-30 08352766 d:Subsidiary13 1 2022-12-01 2023-11-30 08352766 6 2022-12-01 2023-11-30 08352766 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08352766










Trugym Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 November 2023

 
Trugym Ltd
Registered number: 08352766

Balance sheet
As at 30 November 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
27,739
222,701

Investments
 5 
150,257
150,257

  
177,996
372,958

Current assets
  

Debtors: amounts falling due within one year
 6 
1,097,654
1,241,393

Cash at bank and in hand
  
1,064
16,862

  
1,098,718
1,258,255

Creditors: amounts falling due within one year
 7 
(568,610)
(509,616)

Net current assets
  
 
 
530,108
 
 
748,639

Total assets less current liabilities
  
708,104
1,121,597

Creditors: amounts falling due after more than one year
  
(15,307)
(25,000)

  

Net assets
  
692,797
1,096,597


Capital and reserves
  

Called up share capital 
 9 
10
10

Profit and loss account
  
692,787
1,096,587

  
692,797
1,096,597


Page 1

 
Trugym Ltd
Registered number: 08352766

Balance sheet (continued)
As at 30 November 2023

The directors consider 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 directors acknowledge their 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 on 29 November 2024.




P Singh
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
Trugym Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

1.


General information

Trugym Ltd is a private company limited by shares and is incorporated in England with registration number 08352766. The registered office address of the company is Innovation House, Innovation Way, Discovery Park, Sandwich, Kent, CT13 9FF.

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 financial statements are rounded to the nearest pound.
The company's functional and presentational currency is Pounds Sterling.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

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.

  
2.4

Government grants

Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
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.

Page 3

 
Trugym Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance
Office equipment
-
20% reducing balance

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
Trugym Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

2.Accounting policies (continued)

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

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 balance sheet date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 
Trugym Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2022
297,775
286,506
58,336
642,617


Additions
-
102
-
102


Disposals
(209,325)
(286,608)
(58,336)
(554,269)



At 30 November 2023

88,450
-
-
88,450



Depreciation


At 1 December 2022
182,988
197,600
39,328
419,916


Charge for the year on owned assets
6,934
-
-
6,934


Disposals
(129,211)
(197,600)
(39,328)
(366,139)



At 30 November 2023

60,711
-
-
60,711



Net book value



At 30 November 2023
27,739
-
-
27,739



At 30 November 2022
114,787
88,906
19,008
222,701

Page 6

 
Trugym Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2022
150,257



At 30 November 2023
150,257





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

5K Fitness Ltd
Ordinary
100%
A1 Stockton Ltd
Ordinary
100%
Boston Active Ltd
Ordinary
100%
BR11 Ltd
Ordinary
100%
Bridge Gym Ltd
Ordinary
100%
J5 Sports Ltd
Ordinary
100%
LUT1 Ltd
Ordinary
100%
MTOR Ltd
Ordinary
100%
Steven & Age Ltd
Ordinary
100%
Strathmore Argent Ltd
Ordinary
100%
Stength Leisure Ltd
Ordinary
100%


6.


Debtors

2023
2022
£
£


Trade debtors
5,565
2,080

Amounts owed by group undertakings
17,626
215,644

Amounts owed by joint ventures and associated undertakings
199,841
186,733

Other debtors
874,622
836,936

1,097,654
1,241,393


Page 7

 
Trugym Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
76,684
68,528

Amounts owed to group undertakings
38,350
121,732

Amounts owed to other participating interests
428,716
54,532

Corporation tax
-
45,425

Other taxation and social security
9,739
101,359

Other creditors
-
467

Accruals and deferred income
5,121
107,573

568,610
509,616



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000


Amounts falling due 2-5 years

Bank loans
15,307
25,000


15,307
25,000


25,307
35,000


Page 8

 
Trugym Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary shares of £1.00 each
10
10



10.


Related party transactions

All related party transactions during the current and prior periods, including key management personnel compensation, were made under normal market conditions.


11.


Controlling party

The director considers there to be no ultimate controlling party.


Page 9