IRIS Accounts Production v24.3.2.46 07472331 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074723312023-03-31074723312024-03-31074723312023-04-012024-03-31074723312022-03-31074723312022-04-012023-03-31074723312023-03-3107472331ns15:EnglandWales2023-04-012024-03-3107472331ns14:PoundSterling2023-04-012024-03-3107472331ns10:Director12023-04-012024-03-3107472331ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107472331ns10:SmallEntities2023-04-012024-03-3107472331ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107472331ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107472331ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107472331ns10:FullAccounts2023-04-012024-03-3107472331ns10:OrdinaryShareClass12023-04-012024-03-3107472331ns10:OrdinaryShareClass22023-04-012024-03-3107472331ns10:Director22023-04-012024-03-3107472331ns10:Director32023-04-012024-03-3107472331ns10:RegisteredOffice2023-04-012024-03-3107472331ns5:CurrentFinancialInstruments2024-03-3107472331ns5:CurrentFinancialInstruments2023-03-3107472331ns5:Non-currentFinancialInstruments2024-03-3107472331ns5:Non-currentFinancialInstruments2023-03-3107472331ns5:ShareCapital2024-03-3107472331ns5:ShareCapital2023-03-3107472331ns5:SharePremium2024-03-3107472331ns5:SharePremium2023-03-3107472331ns5:RetainedEarningsAccumulatedLosses2024-03-3107472331ns5:RetainedEarningsAccumulatedLosses2023-03-3107472331ns5:LeaseholdImprovements2023-04-012024-03-3107472331ns5:PlantMachinery2023-04-012024-03-3107472331ns5:FurnitureFittings2023-04-012024-03-3107472331ns5:ComputerEquipment2023-04-012024-03-3107472331ns5:LeaseholdImprovements2023-03-3107472331ns5:PlantMachinery2023-03-3107472331ns5:FurnitureFittings2023-03-3107472331ns5:LeaseholdImprovements2024-03-3107472331ns5:PlantMachinery2024-03-3107472331ns5:FurnitureFittings2024-03-3107472331ns5:LeaseholdImprovements2023-03-3107472331ns5:PlantMachinery2023-03-3107472331ns5:FurnitureFittings2023-03-3107472331ns5:MotorVehicles2023-03-3107472331ns5:ComputerEquipment2023-03-3107472331ns5:MotorVehicles2023-04-012024-03-3107472331ns5:MotorVehicles2024-03-3107472331ns5:ComputerEquipment2024-03-3107472331ns5:MotorVehicles2023-03-3107472331ns5:ComputerEquipment2023-03-3107472331ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3107472331ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3107472331ns5:LeasedAssetsHeldAsLessee2023-03-3107472331ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3107472331ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3107472331ns5:LeasedAssetsHeldAsLessee2024-03-3107472331ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3107472331ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3107472331ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3107472331ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3107472331ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3107472331ns5:LeasedAssetsHeldAsLessee2023-03-3107472331ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107472331ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3107472331ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3107472331ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3107472331ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3107472331ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3107472331ns5:Secured2024-03-3107472331ns5:Secured2023-03-3107472331ns10:OrdinaryShareClass12024-03-3107472331ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 07472331 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PUMPGYMS LIMITED

PUMPGYMS LIMITED (REGISTERED NUMBER: 07472331)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PUMPGYMS LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: Mr M Platter
Miss L Velasco
Mr H Navid





REGISTERED OFFICE: Ground Floor, Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR





REGISTERED NUMBER: 07472331 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

PUMPGYMS LIMITED (REGISTERED NUMBER: 07472331)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,471,695 4,333,466

CURRENT ASSETS
Debtors 5 3,082,080 1,238,550
Cash at bank and in hand 253,762 107,892
3,335,842 1,346,442
CREDITORS
Amounts falling due within one year 6 2,804,339 2,353,565
NET CURRENT ASSETS/(LIABILITIES) 531,503 (1,007,123 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,003,198 3,326,343

CREDITORS
Amounts falling due after more than one
year

7

(1,335,853

)

(2,010,175

)

PROVISIONS FOR LIABILITIES (205,328 ) (188,022 )
NET ASSETS 2,462,017 1,128,146

CAPITAL AND RESERVES
Called up share capital 9 222 222
Share premium 524,893 524,893
Retained earnings 1,936,902 603,031
SHAREHOLDERS' FUNDS 2,462,017 1,128,146

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

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

PUMPGYMS LIMITED (REGISTERED NUMBER: 07472331)

BALANCE SHEET - continued
31 March 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 3 February 2025 and were signed on its behalf by:





Mr M Platter - Director


PUMPGYMS LIMITED (REGISTERED NUMBER: 07472331)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

PumpGyms 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.

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost and 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - Straight line over 5 years

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

PUMPGYMS LIMITED (REGISTERED NUMBER: 07472331)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 42 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 5,201,493 3,239,735 230
Additions 4,509 67,319 -
Disposals (384,865 ) (369,054 ) -
At 31 March 2024 4,821,137 2,938,000 230
DEPRECIATION
At 1 April 2023 2,066,748 2,125,290 230
Charge for year 517,936 378,826 -
Eliminated on disposal (363,328 ) (363,711 ) -
At 31 March 2024 2,221,356 2,140,405 230
NET BOOK VALUE
At 31 March 2024 2,599,781 797,595 -
At 31 March 2023 3,134,745 1,114,445 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 69,995 189,411 8,700,864
Additions - 26,289 98,117
Disposals - (7,024 ) (760,943 )
At 31 March 2024 69,995 208,676 8,038,038
DEPRECIATION
At 1 April 2023 15,496 159,634 4,367,398
Charge for year 13,999 19,831 930,592
Eliminated on disposal - (4,608 ) (731,647 )
At 31 March 2024 29,495 174,857 4,566,343
NET BOOK VALUE
At 31 March 2024 40,500 33,819 3,471,695
At 31 March 2023 54,499 29,777 4,333,466

PUMPGYMS LIMITED (REGISTERED NUMBER: 07472331)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 757,458 69,995 827,453
Transfer to ownership (150,517 ) - (150,517 )
At 31 March 2024 606,941 69,995 676,936
DEPRECIATION
At 1 April 2023 535,608 15,496 551,104
Charge for year - 13,999 13,999
Transfer to ownership (286 ) - (286 )
At 31 March 2024 535,322 29,495 564,817
NET BOOK VALUE
At 31 March 2024 71,619 40,500 112,119
At 31 March 2023 221,850 54,499 276,349

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,030 71,921
Other debtors 1,888,950 246,777
Directors' current accounts 727,987 706,702
Prepayments 403,113 213,150
3,082,080 1,238,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 523,636 572,111
Other loans 393,131 360,299
Hire purchase contracts and finance leases 141,459 154,144
Trade creditors 360,127 551,214
Corporation tax 923,727 380,473
Social security and other taxes 25,273 21,493
VAT 182,954 200,497
Other creditors 6,074 9,584
Net wages payable 78,683 69,457
Accrued expenses 169,275 34,293
2,804,339 2,353,565

PUMPGYMS LIMITED (REGISTERED NUMBER: 07472331)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 563,637 523,636
Bank loans - 2-5 years 757,576 1,321,212
Hire purchase contracts and finance leases 14,640 165,327
1,335,853 2,010,175

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,844,849 2,416,959
Hire purchase contracts and finance leases 156,099 319,471
2,000,948 2,736,430

The company's bank borrowings are secured by a fixed and floating charge over the company's property and assets. The directors have also provided personal security against these borrowings.

Assets held under finance leases are secured over those assets concerned.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
185 A Ordinary £1 192 192
15 B Ordinary £1 30 30
222 222

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 March 2024, the director's current account was overdrawn. As this balance was not repaid within 9 months of the year end, interest receivable to the company has been charged on this balance during the year ended 31 March 2024.

11. CONTROLLING INTEREST

The company is under the control of M Platter and L Velasco.