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REGISTERED NUMBER: 05224111 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

KIDS GYM LIMITED

KIDS GYM LIMITED (REGISTERED NUMBER: 05224111)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIDS GYM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: J R Kinsey
T Kinsey
M Welburn





SECRETARY: T Kinsey





REGISTERED OFFICE: Dower House
Mawson Avenue
LIttlewick Green
Maidenhead
Berkshire
SL6 3DX





REGISTERED NUMBER: 05224111 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

KIDS GYM LIMITED (REGISTERED NUMBER: 05224111)

BALANCE SHEET
31ST AUGUST 2024

31.8.24 31.8.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 234,522 236,020
Tangible assets 5 582,251 158,761
816,773 394,781

CURRENT ASSETS
Debtors 6 99,428 103,587
Cash at bank 153,344 402,688
252,772 506,275
CREDITORS
Amounts falling due within one year 7 657,385 401,177
NET CURRENT (LIABILITIES)/ASSETS (404,613 ) 105,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,160

499,879

CAPITAL AND RESERVES
Called up share capital 8 200 4
Retained earnings 411,960 499,875
SHAREHOLDERS' FUNDS 412,160 499,879

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

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

KIDS GYM LIMITED (REGISTERED NUMBER: 05224111)

BALANCE SHEET - continued
31ST AUGUST 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 3rd April 2025 and were signed on its behalf by:




T Kinsey - Director



J R Kinsey - Director


KIDS GYM LIMITED (REGISTERED NUMBER: 05224111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Kids 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

Compliance with accounting standards
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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover
Turnover represents invoiced sales of services and fees.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of a business in 2023, is being amortised evenly over it's estimated useful life of seven years.

Intangible fixed assets
The cost of this asset represents the renewal franchise fees, and related costs, paid. These are to be amortised over their estimated useful life of 10 years (from 1st July 2017 for Chiswick, 17 July 2023 for Wandsworth and 29 November 2023 for Wimbledon and Woking) on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture, fixtures & kitchen equipment - 33% on cost
Gym equipment & fittings - 10% on cost
Computer & other equipment - 33% on cost

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 40 (2023 - 27 ) .

KIDS GYM LIMITED (REGISTERED NUMBER: 05224111)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 1st September 2023 267,830 10,358 278,188
Additions - 42,000 42,000
At 31st August 2024 267,830 52,358 320,188
AMORTISATION
At 1st September 2023 38,261 3,907 42,168
Charge for year 38,262 5,236 43,498
At 31st August 2024 76,523 9,143 85,666
NET BOOK VALUE
At 31st August 2024 191,307 43,215 234,522
At 31st August 2023 229,569 6,451 236,020

5. TANGIBLE FIXED ASSETS
Furniture,
fixtures &
Short Improvements kitchen
leasehold to property equipment
£ £ £
COST
At 1st September 2023 4,998 - 24,079
Additions 7,939 79,533 8,936
At 31st August 2024 12,937 79,533 33,015
DEPRECIATION
At 1st September 2023 1,000 - 24,079
Charge for year 2,587 3,977 2,979
At 31st August 2024 3,587 3,977 27,058
NET BOOK VALUE
At 31st August 2024 9,350 75,556 5,957
At 31st August 2023 3,998 - -

KIDS GYM LIMITED (REGISTERED NUMBER: 05224111)

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

5. TANGIBLE FIXED ASSETS - continued

Gym Computer &
equipment & Motor other
fittings vehicles equipment Totals
£ £ £ £
COST
At 1st September 2023 554,895 35,143 30,759 649,874
Additions 417,885 - 1,917 516,210
At 31st August 2024 972,780 35,143 32,676 1,166,084
DEPRECIATION
At 1st September 2023 429,368 7,029 29,637 491,113
Charge for year 74,388 7,028 1,761 92,720
At 31st August 2024 503,756 14,057 31,398 583,833
NET BOOK VALUE
At 31st August 2024 469,024 21,086 1,278 582,251
At 31st August 2023 125,527 28,114 1,122 158,761

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Other debtors 99,428 103,587

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Trade creditors 64,672 53,029
Taxation and social security 29,635 81,409
Other creditors 563,078 266,739
657,385 401,177

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £ £
100 Founder shares £1 100 4
(31.8.23 - 4 )
100 "A" Shares 1 100 -
200 4

The following shares were allotted and fully paid for cash at par during the year:

96 Founder shares shares of £1 each
100 "A" Shares shares of 1 each