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REGISTERED NUMBER: 06394983 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CAPITAL GYM LIMITED

CAPITAL GYM LIMITED (REGISTERED NUMBER: 06394983)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPITAL GYM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs T Loy-Sin
Mr D J Macauley
Mrs L J Alden Court



SECRETARY: Mr W Loy-sin



REGISTERED OFFICE: 1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
Warwickshire
CV4 8HX



REGISTERED NUMBER: 06394983 (England and Wales)



ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX



BANKERS: Barclays Bank Plc
65 High Street
Daventry
Northamptonshire
NN11 4BQ

CAPITAL GYM LIMITED (REGISTERED NUMBER: 06394983)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,455 11,283
26,455 11,283

CURRENT ASSETS
Stocks 3,313 1,545
Debtors 6 11,231 10,986
Cash at bank and in hand 5,987 17,292
20,531 29,823
CREDITORS
Amounts falling due within one year 7 17,205 18,633
NET CURRENT ASSETS 3,326 11,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,781

22,473

CREDITORS
Amounts falling due after more than one
year

8

(16,497

)

(19,333

)

PROVISIONS FOR LIABILITIES 9 (5,026 ) (2,143 )
NET ASSETS 8,258 997

CAPITAL AND RESERVES
Called up share capital 103 102
Retained earnings 10 8,155 895
SHAREHOLDERS' FUNDS 8,258 997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CAPITAL GYM LIMITED (REGISTERED NUMBER: 06394983)

BALANCE SHEET - continued
31 OCTOBER 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 5 February 2025 and were signed on its behalf by:





Mrs T Loy-Sin - Director


CAPITAL GYM LIMITED (REGISTERED NUMBER: 06394983)

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

1. STATUTORY INFORMATION

Capital Gym 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

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.


CAPITAL GYM LIMITED (REGISTERED NUMBER: 06394983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 25,000
AMORTISATION
At 1 November 2023
and 31 October 2024 25,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

CAPITAL GYM LIMITED (REGISTERED NUMBER: 06394983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 85,483 10,687 3,562 99,732
Additions 22,438 - 1,966 24,404
Disposals (6,000 ) - - (6,000 )
At 31 October 2024 101,921 10,687 5,528 118,136
DEPRECIATION
At 1 November 2023 76,198 8,878 3,373 88,449
Charge for year 8,198 496 538 9,232
Eliminated on disposal (6,000 ) - - (6,000 )
At 31 October 2024 78,396 9,374 3,911 91,681
NET BOOK VALUE
At 31 October 2024 23,525 1,313 1,617 26,455
At 31 October 2023 9,285 1,809 189 11,283

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 7,531 7,286
Prepayments 3,700 3,700
11,231 10,986

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,535 4,000
Trade creditors 3,582 1,828
Corporation tax 1,225 6,589
Social security and other taxes 320 349
Nest Pension 141 88
VAT 2,945 2,524
Directors' current accounts 1,929 1,000
Accrued expenses 3,528 2,255
17,205 18,633

CAPITAL GYM LIMITED (REGISTERED NUMBER: 06394983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,535 8,000
Bank loans - 2-5 years 10,605 11,333
Bank loans more 5 yr by instal 2,357 -
16,497 19,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,357 -

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,026 2,143

Deferred
tax
£   
Balance at 1 November 2023 2,143
Provided during year 2,883
Balance at 31 October 2024 5,026

10. RESERVES
Retained
earnings
£   

At 1 November 2023 895
Profit for the year 17,260
Dividends (10,000 )
At 31 October 2024 8,155

CAPITAL GYM LIMITED (REGISTERED NUMBER: 06394983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mrs T Loy-Sin
Balance outstanding at start of year 7,286 9,041
Amounts advanced 245 245
Amounts repaid - (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,531 7,286

Mrs L J Alden Court
Balance outstanding at start of year (650 ) 1,350
Amounts advanced 4,070 -
Amounts repaid (5,000 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,580 ) (650 )

Mr D J Macauley
Balance outstanding at start of year (350 ) 1,350
Amounts advanced 5,001 300
Amounts repaid (5,000 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (349 ) (350 )