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REGISTERED NUMBER: 12085081 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

U-GYM (NW) LIMITED

U-GYM (NW) LIMITED (REGISTERED NUMBER: 12085081)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


U-GYM (NW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr H G Armer
Mrs A Armer



REGISTERED OFFICE: The Tower
Daltongate Business Centre
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 12085081 (England and Wales)



BANKERS: Monzo Bank Limited
Broadwalk House 5 Appold Street
London
EC2A 2AG

U-GYM (NW) LIMITED (REGISTERED NUMBER: 12085081)

ABRIDGED BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 -
Tangible assets 5 16,273 14,827
25,273 14,827

CURRENT ASSETS
Stocks 200 -
Debtors - 8,082
Cash at bank 11,394 2,012
11,594 10,094
CREDITORS
Amounts falling due within one year 17,065 15,868
NET CURRENT LIABILITIES (5,471 ) (5,774 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,802

9,053

CREDITORS
Amounts falling due after more than one
year

-

8,831
NET ASSETS 19,802 222

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 19,801 221
SHAREHOLDERS' FUNDS 19,802 222

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

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

U-GYM (NW) LIMITED (REGISTERED NUMBER: 12085081)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Mr H G Armer - Director


U-GYM (NW) LIMITED (REGISTERED NUMBER: 12085081)

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

1. STATUTORY INFORMATION

U-Gym (NW) 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis the directors having agreed to continue to support the company.

Turnover
Turnover represents net invoiced sales of goods and services, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten 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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% 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.

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 ) .

U-GYM (NW) LIMITED (REGISTERED NUMBER: 12085081)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 10,000
At 31 July 2024 10,000
AMORTISATION
Amortisation for year 1,000
At 31 July 2024 1,000
NET BOOK VALUE

At 31 July 2024 9,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 August 2023 71,704
Additions 18,871
Disposals (43,090 )
Revaluations (1,117 )
At 31 July 2024 46,368
DEPRECIATION
At 1 August 2023 56,877
Charge for year 6,386
Eliminated on disposal (32,318 )
Revaluation adjustments (850 )
At 31 July 2024 30,095
NET BOOK VALUE
At 31 July 2024 16,273
At 31 July 2023 14,827

Cost or valuation at 31 July 2024 is represented by:

Totals
£   
Valuation in 2023 28,614
Valuation in 2024 17,754
46,368

U-GYM (NW) LIMITED (REGISTERED NUMBER: 12085081)

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

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary £1 1 1

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mr H G Armer
Balance outstanding at start of year 8,082 18,465
Amounts advanced - 8,082
Amounts repaid (8,082 ) (18,465 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,082

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr H G Armer.