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REGISTERED NUMBER: 11551809 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GOAL MASTER FITNESS LIMITED

GOAL MASTER FITNESS LIMITED (REGISTERED NUMBER: 11551809)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOAL MASTER FITNESS LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: P R Harter
R Thiruchelvarajah





REGISTERED OFFICE: 2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD





REGISTERED NUMBER: 11551809 (England and Wales)





ACCOUNTANTS: Pesters
2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD

GOAL MASTER FITNESS LIMITED (REGISTERED NUMBER: 11551809)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 649 806
Tangible assets 5 14,987 17,632
15,636 18,438

CURRENT ASSETS
Debtors 6 4,130 3,906
Cash at bank 2,009 4,180
6,139 8,086
CREDITORS
Amounts falling due within one year 7 270,890 273,577
NET CURRENT LIABILITIES (264,751 ) (265,491 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(249,115

)

(247,053

)

CREDITORS
Amounts falling due after more than one
year

8

3,559

8,359
NET LIABILITIES (252,674 ) (255,412 )

CAPITAL AND RESERVES
Called up share capital 70 70
Retained earnings (252,744 ) (255,482 )
(252,674 ) (255,412 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 3 June 2025 and were signed on its behalf by:



R Thiruchelvarajah - Director


GOAL MASTER FITNESS LIMITED (REGISTERED NUMBER: 11551809)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Goal Master Fitness 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the year end the company's liabilities exceeded its assets by £252,674 (2023 - £255,412). However, the directors have given their assurances that they will continue to support the company in the future. Therefore, the accounts have been prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Gym equipment - 15% on reducing balance
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 1,569
AMORTISATION
At 1 October 2023 763
Charge for year 157
At 30 September 2024 920
NET BOOK VALUE
At 30 September 2024 649
At 30 September 2023 806

GOAL MASTER FITNESS LIMITED (REGISTERED NUMBER: 11551809)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 36,293
DEPRECIATION
At 1 October 2023 18,661
Charge for year 2,645
At 30 September 2024 21,306
NET BOOK VALUE
At 30 September 2024 14,987
At 30 September 2023 17,632

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 4,130 3,906

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security - 3,024
Other creditors 270,890 270,553
270,890 273,577

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 3,559 8,359

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 September 2024, a directors had loaned the company the sum of £265,330 (2023 - £265,013). This loan is interest free and repayable on demand.