Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-30true2023-12-01falseNo description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13731256 2023-12-01 2024-11-30 13731256 2022-12-01 2023-11-30 13731256 2024-11-30 13731256 2023-11-30 13731256 c:Director1 2023-12-01 2024-11-30 13731256 d:PlantMachinery 2023-12-01 2024-11-30 13731256 d:PlantMachinery 2024-11-30 13731256 d:PlantMachinery 2023-11-30 13731256 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 13731256 d:OfficeEquipment 2023-12-01 2024-11-30 13731256 d:OfficeEquipment 2024-11-30 13731256 d:OfficeEquipment 2023-11-30 13731256 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 13731256 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 13731256 d:CurrentFinancialInstruments 2024-11-30 13731256 d:CurrentFinancialInstruments 2023-11-30 13731256 d:Non-currentFinancialInstruments 2024-11-30 13731256 d:Non-currentFinancialInstruments 2023-11-30 13731256 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 13731256 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13731256 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 13731256 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 13731256 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-11-30 13731256 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 13731256 d:ShareCapital 2024-11-30 13731256 d:ShareCapital 2023-11-30 13731256 d:RetainedEarningsAccumulatedLosses 2024-11-30 13731256 d:RetainedEarningsAccumulatedLosses 2023-11-30 13731256 c:FRS102 2023-12-01 2024-11-30 13731256 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13731256 c:FullAccounts 2023-12-01 2024-11-30 13731256 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13731256 2 2023-12-01 2024-11-30 13731256 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 13731256









WOOD'S GYM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
WOOD'S GYM LIMITED
REGISTERED NUMBER: 13731256

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
24,326
31,678

  
24,326
31,678

Current assets
  

Debtors: amounts falling due within one year
 5 
-
930

Cash at bank and in hand
 6 
3,227
1,019

  
3,227
1,949

Creditors: amounts falling due within one year
 7 
(26,172)
(30,322)

Net current liabilities
  
 
 
(22,945)
 
 
(28,373)

Total assets less current liabilities
  
1,381
3,305

Creditors: amounts falling due after more than one year
 8 
(1,086)
(3,147)

  

Net assets
  
295
158


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
293
156

  
295
158


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Page 1

 
WOOD'S GYM LIMITED
REGISTERED NUMBER: 13731256
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024







Conor Wood
Director

Date: 28 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WOOD'S GYM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Wood's Gym Ltd (company number 13731256) is a private company limited by shares, registered in England and Wales. Its registered office is at Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
WOOD'S GYM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing Balance
Office equipment
-
25%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
WOOD'S GYM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 December 2023
53,235
821
54,056


Additions
756
-
756



At 30 November 2024

53,991
821
54,812



Depreciation


At 1 December 2023
22,019
359
22,378


Charge for the year on owned assets
7,993
115
8,108



At 30 November 2024

30,012
474
30,486



Net book value



At 30 November 2024
23,979
347
24,326



At 30 November 2023
31,216
462
31,678


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
930

-
930

Page 5

 
WOOD'S GYM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.Debtors (continued)



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,227
1,019

3,227
1,019



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
24,933
29,073

Accruals and deferred income
1,239
1,249

26,172
30,322



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,086
3,147

1,086
3,147


Page 6

 
WOOD'S GYM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
1,086
3,147


1,086
3,147


1,086
3,147



10.


Related party transactions

At 30 November 2024 the company owed £264 (2023: £4,004) to the directors. No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.
Included within other creditors is a loan in the amount of £20,000 (2023: £20,000) from Mr H Wood, who is a relative of director Mr C Wood.

 
Page 7