Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08331537 Mr Mandeep Johal Mr Ross Adkin Mr Leon Malcolm iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08331537 2023-12-31 08331537 2024-12-31 08331537 2024-01-01 2024-12-31 08331537 frs-core:CurrentFinancialInstruments 2024-12-31 08331537 frs-core:Non-currentFinancialInstruments 2024-12-31 08331537 frs-core:ComputerEquipment 2024-12-31 08331537 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08331537 frs-core:ComputerEquipment 2023-12-31 08331537 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 08331537 frs-core:FurnitureFittings 2024-12-31 08331537 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08331537 frs-core:FurnitureFittings 2023-12-31 08331537 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 08331537 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 08331537 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 08331537 frs-core:MotorVehicles 2024-01-01 2024-12-31 08331537 frs-core:OtherResidualIntangibleAssets 2024-12-31 08331537 frs-core:OtherResidualIntangibleAssets 2023-12-31 08331537 frs-core:PlantMachinery 2024-12-31 08331537 frs-core:PlantMachinery 2024-01-01 2024-12-31 08331537 frs-core:PlantMachinery 2023-12-31 08331537 frs-core:SharePremium 2024-12-31 08331537 frs-core:ShareCapital 2024-12-31 08331537 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08331537 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08331537 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08331537 frs-bus:SmallEntities 2024-01-01 2024-12-31 08331537 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08331537 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08331537 frs-bus:Director1 2024-01-01 2024-12-31 08331537 frs-bus:Director2 2024-01-01 2024-12-31 08331537 frs-bus:Director3 2024-01-01 2024-12-31 08331537 frs-core:CurrentFinancialInstruments 1 2024-12-31 08331537 frs-countries:EnglandWales 2024-01-01 2024-12-31 08331537 2022-12-31 08331537 2023-12-31 08331537 2023-01-01 2023-12-31 08331537 frs-core:CurrentFinancialInstruments 2023-12-31 08331537 frs-core:Non-currentFinancialInstruments 2023-12-31 08331537 frs-core:SharePremium 2023-12-31 08331537 frs-core:ShareCapital 2023-12-31 08331537 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08331537 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 08331537
Fight City Gyms Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Profit Genie Group
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08331537
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 188,127 196,707
188,127 196,707
CURRENT ASSETS
Debtors 6 726,937 807,475
Cash at bank and in hand 91,471 8,007
818,408 815,482
Creditors: Amounts Falling Due Within One Year 7 (265,114 ) (434,315 )
NET CURRENT ASSETS (LIABILITIES) 553,294 381,167
TOTAL ASSETS LESS CURRENT LIABILITIES 741,421 577,874
Creditors: Amounts Falling Due After More Than One Year 8 (243,436 ) (185,475 )
NET ASSETS 497,985 392,399
CAPITAL AND RESERVES
Called up share capital 9 133,901 133,901
Share premium account 474,614 474,614
Profit and Loss Account (110,530 ) (216,116 )
SHAREHOLDERS' FUNDS 497,985 392,399
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mandeep Johal
Director
29/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fight City Gyms Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08331537 . The registered office is 15 Worship Street, London, EC2A 2DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight line 11yrs
Plant & Machinery Straight line 33%
Motor Vehicles Straight line 8yrs
Fixtures & Fittings Reducing balance 25%
Computer Equipment Straight line 33%
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 13)
14 13
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 2,350
As at 31 December 2024 2,350
Amortisation
As at 1 January 2024 2,350
As at 31 December 2024 2,350
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 287,209 85,825 75,352 2,974 451,360
Additions - 1,675 1,981 75 3,731
Disposals - (972 ) (3,712 ) - (4,684 )
As at 31 December 2024 287,209 86,528 73,621 3,049 450,407
Depreciation
As at 1 January 2024 118,811 69,727 63,628 2,487 254,653
Provided during the period 33,479 8,235 3,361 918 45,993
Disposals (23,421 ) (9,716 ) (3,712 ) (1,517 ) (38,366 )
As at 31 December 2024 128,869 68,246 63,277 1,888 262,280
Net Book Value
As at 31 December 2024 158,340 18,282 10,344 1,161 188,127
As at 1 January 2024 168,398 16,098 11,724 487 196,707
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,400 2,400
Prepayments and accrued income 36,181 85,309
Other debtors 81,279 81,279
VAT - 3,134
Net wages - 200
Amounts owed by group undertakings 607,077 635,153
726,937 807,475
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,345 199,437
Bank loans and overdrafts 23,055 60,634
Corporation tax - 6
Other taxes and social security 3,061 4,048
VAT 20,842 -
Net wages 64 -
Other creditors (5,416 ) -
Other creditors (1) 3,724 26,066
Directors' loan accounts 136,213 144,124
Amounts owed to group undertakings 41,226 -
265,114 434,315
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 243,014 185,013
Net wages 422 462
243,436 185,475
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 133,901 133,901
Page 5