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REGISTERED NUMBER: SC778343 (Scotland)











Financial Statements

for the Period 8th August 2023 to 31st August 2024

for

Irnworx Gym Ltd

Irnworx Gym Ltd (Registered number: SC778343)






Contents of the Financial Statements
for the Period 8th August 2023 to 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Irnworx Gym Ltd

Company Information
for the Period 8th August 2023 to 31st August 2024







DIRECTORS: K D McNulty
Miss P W Widdowson





REGISTERED OFFICE: Unit 3B
Barrbridge
Dalbeattie
DUMFRIESSHIRE
DG5 4HT





REGISTERED NUMBER: SC778343 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Irnworx Gym Ltd (Registered number: SC778343)

Balance Sheet
31st August 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 12,195

CURRENT ASSETS
Cash at bank 400

CREDITORS
Amounts falling due within one year 5 17,396
NET CURRENT LIABILITIES (16,996 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,801

)

CREDITORS
Amounts falling due after more than one year 6 (9,075 )

PROVISIONS FOR LIABILITIES (1,774 )
NET LIABILITIES (15,650 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (15,652 )
(15,650 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 28th April 2025 and were signed on its behalf by:





K D McNulty - Director


Irnworx Gym Ltd (Registered number: SC778343)

Notes to the Financial Statements
for the Period 8th August 2023 to 31st August 2024

1. STATUTORY INFORMATION

Irnworx Gym Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Amounts written off each asset over the estimated useful life represent cost less residual value.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 15,338
At 31st August 2024 15,338
DEPRECIATION
Charge for period 3,143
At 31st August 2024 3,143
NET BOOK VALUE
At 31st August 2024 12,195

Irnworx Gym Ltd (Registered number: SC778343)

Notes to the Financial Statements - continued
for the Period 8th August 2023 to 31st August 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 2,490
Other creditors 14,906
17,396

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 9,075

7. RELATED PARTY DISCLOSURES

At 31st August 2024 the directors, were owed the sum of £10232 by the company by way of an interest free directors current account.