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REGISTERED NUMBER: 10181996 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

PREMIER GYMS LIMITED

PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER GYMS LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: L P Christopher
R N Thurston





SECRETARY: L P Christopher





REGISTERED OFFICE: Premier House
Beveridge Lane
Bardon
Coalville
Leicestershire
LE67 1TA





REGISTERED NUMBER: 10181996 (England and Wales)





ACCOUNTANTS: Ark&Co Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Balance Sheet
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,511 24,577

CURRENT ASSETS
Stocks 2,476 2,476
Debtors 5 23,426 21,341
Cash at bank 13,180 9,629
39,082 33,446
CREDITORS
Amounts falling due within one year 6 48,143 33,174
NET CURRENT (LIABILITIES)/ASSETS (9,061 ) 272
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,450

24,849

CREDITORS
Amounts falling due after more than one year 7 (8,742 ) (19,390 )

PROVISIONS FOR LIABILITIES (5,325 ) (5,325 )
NET (LIABILITIES)/ASSETS (5,617 ) 134

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,717 ) 34
(5,617 ) 134

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

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

PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Balance Sheet - continued
31 MAY 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 12 February 2025 and were signed on its behalf by:





L P Christopher - Director


PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Premier Gyms 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 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 - 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.

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.

PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2023 84,734
Additions 12,781
At 31 May 2024 97,515
DEPRECIATION
At 1 June 2023 60,157
Charge for year 19,847
At 31 May 2024 80,004
NET BOOK VALUE
At 31 May 2024 17,511
At 31 May 2023 24,577

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 14,323 11,793
Other debtors 4,100 4,100
Prepayments 5,003 5,448
23,426 21,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other loans 10,200 10,200
Trade creditors 16,721 8,393
Tax 436 2,292
VAT 10,913 9,014
Accrued expenses 9,873 3,275
48,143 33,174

PREMIER GYMS LIMITED (REGISTERED NUMBER: 10181996)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other loans - 2-5 years 8,742 19,390

8. RELATED PARTY DISCLOSURES

During the year the company paid £75,000 (2023: £70,000) rent to Premier Logistics (UK) Ltd, a company owned by the Director.

9. ULTIMATE CONTROLLING PARTY

The controlling party is L P Christopher.

The ultimate controlling party is L P Christopher.