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MUSCLESQUAD LIMITED

Registered Number
10714754
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

MUSCLESQUAD LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

BILLINGHAM, Christopher Alan

Registered Address

Unit 11 Garamonde Drive
Wymbush
Milton Keynes
MK8 8DF

Registered Number

10714754 (England and Wales)
MUSCLESQUAD LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets325,000-
Tangible assets4154,937209,591
179,937209,591
Current assets
Stocks545,115639,774
Debtors958,111964,582
Cash at bank and on hand15,90914,784
1,519,1351,619,140
Creditors amounts falling due within one year(839,993)(866,996)
Net current assets (liabilities)679,142752,144
Total assets less current liabilities859,079961,735
Creditors amounts falling due after one year(127,832)(166,052)
Net assets731,247795,683
Capital and reserves
Called up share capital11
Share premium330,714330,714
Profit and loss account400,532464,968
Shareholders' funds731,247795,683
The financial statements were approved and authorised for issue by the Director on 27 January 2025, and are signed on its behalf by:
BILLINGHAM, Christopher Alan
Director
Registered Company No. 10714754
MUSCLESQUAD LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. As the intangible assets have not had their full value realized as of yet, amortization has not been applied. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for damaged and obsolete items of stock via stock adjustments. Such provisions are recognised in the profit or loss.
2.Average number of employees

20242023
Average number of employees during the year811
3.Intangible assets

Total

£
Cost or valuation
Additions25,000
At 30 April 2425,000
Net book value
At 30 April 2425,000
At 30 April 23-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 23295,943
Additions4,941
At 30 April 24297,038
Depreciation and impairment
At 01 May 2386,353
Charge for year59,594
At 30 April 24142,102
Net book value
At 30 April 24154,937
At 30 April 23209,591