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REGISTERED NUMBER: SC388190 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

GYM64 LTD

GYM64 LTD (REGISTERED NUMBER: SC388190)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GYM64 LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A Goodsir
Mrs N Goodsir





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC388190 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

GYM64 LTD (REGISTERED NUMBER: SC388190)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 310,564 312,302

CURRENT ASSETS
Stocks 17,945 18,526
Debtors 5 188,719 132,919
Cash at bank 55,020 17,919
261,684 169,364
CREDITORS
Amounts falling due within one year 6 376,665 280,428
NET CURRENT LIABILITIES (114,981 ) (111,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,583

201,238

CREDITORS
Amounts falling due after more than one
year

7

48,355

115,853
NET ASSETS 147,228 85,385

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 147,128 85,285
SHAREHOLDERS' FUNDS 147,228 85,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GYM64 LTD (REGISTERED NUMBER: SC388190)

Balance Sheet - continued
30 APRIL 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





A Goodsir - Director


GYM64 LTD (REGISTERED NUMBER: SC388190)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Gym64 Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on a straight line basis
Plant and machinery - 25% on a reducing balance basis
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on a straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

GYM64 LTD (REGISTERED NUMBER: SC388190)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 324,087 202,015 109,314 33,517 668,933
Additions - 48,111 - 10,000 58,111
At 30 April 2024 324,087 250,126 109,314 43,517 727,044
DEPRECIATION
At 1 May 2023 138,955 126,811 72,552 18,313 356,631
Charge for year 12,964 26,359 9,190 11,336 59,849
At 30 April 2024 151,919 153,170 81,742 29,649 416,480
NET BOOK VALUE
At 30 April 2024 172,168 96,956 27,572 13,868 310,564
At 30 April 2023 185,132 75,204 36,762 15,204 312,302

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 167,716 111,916
Other debtors 21,003 21,003
188,719 132,919

GYM64 LTD (REGISTERED NUMBER: SC388190)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 67,498 89,688
Trade creditors 205,724 129,630
Amounts owed to group undertakings 22,209 42,209
Taxation and social security 78,034 14,299
Other creditors 3,200 4,602
376,665 280,428

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 48,355 115,853