Company Registration No. 12480707 (England and Wales)
Simmons Gyms Limited
Unaudited accounts
for the year ended 29 February 2024
Simmons Gyms Limited
Unaudited accounts
Contents
Simmons Gyms Limited
Company Information
for the year ended 29 February 2024
Director
Florence Lai Bing Kum
Company Number
12480707 (England and Wales)
Registered Office
85 Great Portland Street
London
London
W1W 7LT
England
Accountants
Beckett Taylor Limited
63-66 Hatton Garden
London
EC1N 8LE
Simmons Gyms Limited
Statement of financial position
as at 29 February 2024
Tangible assets
176,298
203,989
Cash at bank and in hand
5,225
8,887
Creditors: amounts falling due within one year
(421,013)
(389,248)
Net current liabilities
(393,032)
(349,131)
Net liabilities
(216,734)
(145,142)
Called up share capital
100
100
Profit and loss account
(216,834)
(145,242)
Shareholders' funds
(216,734)
(145,142)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 February 2025 and were signed on its behalf by
Florence Lai Bing Kum
Director
Company Registration No. 12480707
Simmons Gyms Limited
Notes to the Accounts
for the year ended 29 February 2024
Simmons Gyms Limited is a private company, limited by shares, registered in England and Wales, registration number 12480707. The registered office is 85 Great Portland Street, London, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
7% Straight Line
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The financial statements have been prepared on a going concern basis, assuming the company will continue operating in the foreseeable future. The directors have assessed the company’s financial position, liquidity, and market conditions, concluding that it has sufficient resources to meet its obligations.
However, if circumstances change significantly, the directors acknowledge that this assumption may need to be reassessed. The financial statements do not include adjustments that would be required if the company were unable to continue as a going concern.
Simmons Gyms Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
132,577
123,251
-
255,828
At 29 February 2024
132,577
123,251
1,983
257,811
At 1 March 2023
8,839
43,000
-
51,839
Charge for the year
9,280
20,063
331
29,674
At 29 February 2024
18,119
63,063
331
81,513
At 29 February 2024
114,458
60,188
1,652
176,298
At 28 February 2023
123,738
80,251
-
203,989
Amounts falling due within one year
Accrued income and prepayments
22,756
27,916
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,145
3,832
Taxes and social security
1,110
2,900
Loans from directors
413,654
381,016
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).