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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
Page
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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
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Simmons Gyms Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
176,298 
203,989 
Current assets
Debtors
22,756 
31,230 
Cash at bank and in hand
5,225 
8,887 
27,981 
40,117 
Creditors: amounts falling due within one year
(421,013)
(389,248)
Net current liabilities
(393,032)
(349,131)
Net liabilities
(216,734)
(145,142)
Capital and reserves
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
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Simmons Gyms Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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
Pension costs
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.
Going concern
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.
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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 
Additions
- 
- 
1,983 
1,983 
At 29 February 2024
132,577 
123,251 
1,983 
257,811 
Depreciation
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 
Net book value
At 29 February 2024
114,458 
60,188 
1,652 
176,298 
At 28 February 2023
123,738 
80,251 
- 
203,989 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,314 
Accrued income and prepayments
22,756 
27,916 
22,756 
31,230 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,604 
- 
Trade creditors
1,145 
3,832 
Taxes and social security
1,110 
2,900 
Loans from directors
413,654 
381,016 
Accruals
1,500 
1,500 
421,013 
389,248 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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