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REGISTERED NUMBER: 13386226 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Functional Fitness Gym Limited

Functional Fitness Gym Limited (Registered number: 13386226)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Functional Fitness Gym Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D S Brogan





REGISTERED OFFICE: Unit A
Harts Yard
Farnham
GU9 7GZ





REGISTERED NUMBER: 13386226 (England and Wales)





ACCOUNTANTS: Ahmad York Limited
Chartered Certified Accountants
1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE

Functional Fitness Gym Limited (Registered number: 13386226)

Abridged Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,620 38,422
Tangible assets 5 49,338 56,830
82,958 95,252

CURRENT ASSETS
Debtors 5,089 9,079
Cash at bank 6,601 7,533
11,690 16,612
CREDITORS
Amounts falling due within one year 94,528 119,388
NET CURRENT LIABILITIES (82,838 ) (102,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120

(7,524

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20 (7,624 )
120 (7,524 )

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 director acknowledges his 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.

Functional Fitness Gym Limited (Registered number: 13386226)

Abridged Statement of Financial Position - 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:





D S Brogan - Director


Functional Fitness Gym Limited (Registered number: 13386226)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Functional Fitness Gym 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

Functional Fitness Gym Limited (Registered number: 13386226)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 48,028
AMORTISATION
At 1 June 2023 9,606
Amortisation for year 4,802
At 31 May 2024 14,408
NET BOOK VALUE

At 31 May 2024 33,620
At 31 May 2023 38,422

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 92,509
Additions 54,152
Disposals (51,623 )
At 31 May 2024 95,038
DEPRECIATION
At 1 June 2023 35,679
Charge for year 16,536
Eliminated on disposal (6,515 )
At 31 May 2024 45,700
NET BOOK VALUE
At 31 May 2024 49,338
At 31 May 2023 56,830