Company Registration No. 11722039 (England and Wales)
Gym Equipment Solutions Limited
Unaudited accounts
for the period from 1 February 2024 to 31 March 2025
Gym Equipment Solutions Limited
Unaudited accounts
Contents
Gym Equipment Solutions Limited
Statement of financial position
as at 31 March 2025
Intangible assets
17,194
31,626
Tangible assets
19,078
6,063
Cash at bank and in hand
121,310
77,856
Creditors: amounts falling due within one year
(222,331)
(53,728)
Net current assets
92,687
60,059
Total assets less current liabilities
128,959
97,748
Creditors: amounts falling due after more than one year
(6,163)
(17,624)
Called up share capital
65
65
Profit and loss account
122,731
80,059
Shareholders' funds
122,796
80,124
For the period ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 11 September 2025 and were signed on its behalf by
W S Broome
Director
Company Registration No. 11722039
Gym Equipment Solutions Limited
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
Gym Equipment Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 11722039. The registered office is 2 Bailey Hill, Castle Cary, Somerset, BA7 7AD, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website Costs - 5 years straight-line
4
Intangible fixed assets
Other
Charge for the period
14,432
Gym Equipment Solutions Limited
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2024
1,255
8,085
9,340
Disposals
(1,255)
-
(1,255)
At 31 March 2025
-
26,090
26,090
At 1 February 2024
484
2,793
3,277
Charge for the period
-
4,219
4,219
At 31 March 2025
-
7,012
7,012
At 31 March 2025
-
19,078
19,078
At 31 January 2024
771
5,292
6,063
Amounts falling due within one year
Trade debtors
192,025
4,385
Accrued income and prepayments
1,683
-
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,353
10,648
Trade creditors
136,356
28,236
Amounts owed to group undertakings and other participating interests
51,219
-
Taxes and social security
-
2,483
Loans from directors
1,577
3,156
8
Creditors: amounts falling due after more than one year
2025
2024
Gym Equipment Solutions Limited
Notes to the Accounts
for the period from 1 February 2024 to 31 March 2025
9
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
8,931
8,863
Later than one year and not later than five years
2,232
11,817
10
Average number of employees
During the period the average number of employees was 2 (2024: 2).