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Company Registration No. 12273609 (England and Wales)
My Gym Hazel Grove Limited Unaudited accounts for the year ended 31 October 2024
My Gym Hazel Grove Limited Unaudited accounts Contents
Page
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My Gym Hazel Grove Limited Company Information for the year ended 31 October 2024
Directors
David O'Sullivan Peter O'Sullivan Stephen Hoyles Bethany Scholey
Company Number
12273609 (England and Wales)
Registered Office
UNIT 8 & 9 GREYHOUND INDUSTRIAL ESTATE, HAZEL GROVE STOCKPORT CHESHIRE SK7 6DD ENGLAND
Accountants
Timothy Revell 15 Tregea Terrace Portreath Redruth Cornwall TR16 4NG
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My Gym Hazel Grove Limited Accountants' report
Accountants' report to the board of directors of My Gym Hazel Grove Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 October 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 October 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Timothy Revell 15 Tregea Terrace Portreath Redruth Cornwall TR16 4NG 14 April 2025
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My Gym Hazel Grove Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,285 
9,942 
Tangible assets
47,620 
44,658 
55,905 
54,600 
Current assets
Debtors
7,672 
8,349 
Cash at bank and in hand
43,378 
44,493 
51,050 
52,842 
Creditors: amounts falling due within one year
(78,373)
(94,395)
Net current liabilities
(27,323)
(41,553)
Total assets less current liabilities
28,582 
13,047 
Provisions for liabilities
Deferred tax
(188)
- 
Net assets
28,394 
13,047 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
28,374 
13,027 
Shareholders' funds
28,394 
13,047 
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by
Stephen Hoyles Director Company Registration No. 12273609
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My Gym Hazel Grove Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
My Gym Hazel Grove Limited is a private company, limited by shares, registered in England and Wales, registration number 12273609. The registered office is UNIT 8 & 9 GREYHOUND INDUSTRIAL ESTATE, , HAZEL GROVE, STOCKPORT, CHESHIRE, SK7 6DD, 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.
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
Straight Line over 10 years (Leasehold Improvements)
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation - Straight Line over 10 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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My Gym Hazel Grove Limited Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2023
16,570 
At 31 October 2024
16,570 
Amortisation
At 1 November 2023
6,628 
Charge for the year
1,657 
At 31 October 2024
8,285 
Net book value
At 31 October 2024
8,285 
At 31 October 2023
9,942 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
37,167 
57,535 
119 
94,821 
Additions
- 
16,127 
- 
16,127 
At 31 October 2024
37,167 
73,662 
119 
110,948 
Depreciation
At 1 November 2023
14,177 
35,905 
81 
50,163 
Charge for the year
3,717 
9,439 
9 
13,165 
At 31 October 2024
17,894 
45,344 
90 
63,328 
Net book value
At 31 October 2024
19,273 
28,318 
29 
47,620 
At 31 October 2023
22,990 
21,630 
38 
44,658 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
1,018 
Accrued income and prepayments
7,672 
7,331 
7,672 
8,349 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,311 
8,716 
Trade creditors
2,127 
1,776 
Taxes and social security
14,319 
6,453 
Loans from directors
50,900 
76,463 
Accruals
716 
987 
78,373 
94,395 
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My Gym Hazel Grove Limited Notes to the Accounts for the year ended 31 October 2024
8
Transactions with related parties
As at 31 October 2024, the Company owed £50281.00 to a founding director. This is payable on demand at an interest rate of 0%.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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