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REGISTERED NUMBER: SC527523 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

THE UNIT GYM & FITNESS LTD

THE UNIT GYM & FITNESS LTD (REGISTERED NUMBER: SC527523)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE UNIT GYM & FITNESS LTD

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr M Abazed
Mr B Kilner
Mr S Kilner





REGISTERED OFFICE: 2 Burnett Hill
Banchory
Aberdeenshire
AB31 5SG





REGISTERED NUMBER: SC527523 (Scotland)






THE UNIT GYM & FITNESS LTD (REGISTERED NUMBER: SC527523)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,984 88,863

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 9,721 2,959
Cash at bank and in hand 1,956 2,154
15,677 9,113
CREDITORS
Amounts falling due within one year 6 50,504 47,134
NET CURRENT LIABILITIES (34,827 ) (38,021 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,157

50,842

CREDITORS
Amounts falling due after more than one year 7 44,769 48,746
NET (LIABILITIES)/ASSETS (14,612 ) 2,096

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 10,000 10,000
Retained earnings (24,812 ) (8,104 )
SHAREHOLDERS' FUNDS (14,612 ) 2,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

THE UNIT GYM & FITNESS LTD (REGISTERED NUMBER: SC527523)

Balance Sheet - continued
29 February 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 20 February 2025 and were signed on its behalf by:





Mr B Kilner - Director


THE UNIT GYM & FITNESS LTD (REGISTERED NUMBER: SC527523)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

The Unit Gym & Fitness 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.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 15% on cost

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.

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.

THE UNIT GYM & FITNESS LTD (REGISTERED NUMBER: SC527523)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 72,674 172,200 68,561 313,435
Additions 5,540 891 4,030 10,461
At 29 February 2024 78,214 173,091 72,591 323,896
DEPRECIATION
At 1 March 2023 47,635 136,747 40,190 224,572
Charge for year 8,326 17,450 8,564 34,340
At 29 February 2024 55,961 154,197 48,754 258,912
NET BOOK VALUE
At 29 February 2024 22,253 18,894 23,837 64,984
At 28 February 2023 25,039 35,453 28,371 88,863

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 229 792
Other debtors 9,492 2,167
9,721 2,959

THE UNIT GYM & FITNESS LTD (REGISTERED NUMBER: SC527523)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,650 11,741
Hire purchase contracts 691 -
Trade creditors 10,997 17,695
Taxation and social security 11,600 11,918
Other creditors 13,566 5,780
50,504 47,134

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 31,076 33,552
Other creditors 13,693 15,194
44,769 48,746

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 8,388

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.