City Strength Limited Accounts






City Strength Limited

	Company No. 10329931
		Information for Filing with The Registrar
		31 August 2024

The Directors present their report and the accounts for the year ended 31 August 2024.

Principal activities
The principal activity of the company during the year under review was operating a specialist gymnasium.




Directors

The Directors who served at any time during the year were as follows:

Aodhan Phillips-Lees
James Gray
Sophie Gray







































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

James Gray
Director
03 October 2025

at	31 August 2024
Company No.		10329931	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	140,511	111,456


				140,511	111,456
Current assets
	Stocks		5	1,850	1,200
	Debtors		6	4,184	1,548

	Cash at bank and in hand			22,447	17,886
				28,481	20,634
Creditors: Amount falling due within one year			7	(92,481)	(74,038)
Net current liabilities				(64,000)	(53,404)
Total assets less current liabilities				76,511	58,052
Creditors: Amounts falling due after more than one year			8	(8,090)	(9,604)
Provisions for liabilities
	Deferred taxation			(8,736)	(3,126)

Net assets				59,685	45,322

Capital and reserves
	Called up share capital			40,000	40,000
	Share premium account		10	2,500	2,500


	Profit and loss account		10	17,185	2,822

Total equity				59,685	45,322



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 August 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 03 October 2025 and signed on its behalf by:
James Gray
Director
03 October 2025

for the year ended 31 August 2024

General information

City Strength Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 10329931

Its registered office is:

Its trading address is:

Unit C17

42, Church Street

Kestrel Business Centre

Lenton

Colwick

Nottingham

NG4 2JR

NG7 2FH

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The financial statements have been prepared on the going concern basis. The director is not aware of any material threats to the ability of the company to continue as a going concern for the foreseeable future.

Accounting policies

Turnover

Turnover represents the fair value of the consideration receivable in respect of services provided during the year. Where the outcome of a transaction can be estimated reliably, revenue associated with the transaction is recognised in the income statement by reference to the stage of completion at the year end.

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings

Over the lease term

Furniture, fittings and equipment

15% Reducing balance

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:

(a) The contractual rights to the cash flows from the asset expire or are settled;

(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or

(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees			Restated
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	7	7

4	Tangible fixed assets
			Land and buildings	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 September 2023	36,636	132,695	169,331
		Additions	7,664	65,436	73,100


		Disposals	-	(31,573)	(31,573)
		At 31 August 2024	44,300	166,558	210,858
		Depreciation
		At 1 September 2023	5,100	52,775	57,875
		Charge for the year	4,900	16,522	21,422


		Disposals	-	(8,950)	(8,950)
		At 31 August 2024	10,000	60,347	70,347
		Net book values
		At 31 August 2024	34,300	106,211	140,511
		At 31 August 2023	31,536	79,920	111,456

5	Stocks
			2024	2023
			£	£


		Finished goods	1,850	1,200
			1,850	1,200

6	Debtors			Restated
			2024	2023
			£	£
		Trade debtors	928	926





		Other debtors	1,498	-
		Prepayments and accrued income	1,758	622
			4,184	1,548

7	Creditors:
		amounts falling due within one year		Restated
			2024	2023
			£	£

		Bank loans and overdrafts	1,519	1,482


		Trade creditors	706	-

		Taxes and social security	389	5,491
		Loans from directors	34,971	22,161
		Other creditors	30,901	29,066
		Accruals and deferred income	23,995	15,838
			92,481	74,038

8	Creditors:
		amounts falling due after more than one year		Restated
			2024	2023
			£	£

		Bank loans and overdrafts	8,090	9,604






			8,090	9,604

Share Capital

Share capital consists of 40,000 Ordinary Shares of £1 each all of which are fully paid up.

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.

11	Prior year adjustment

			Share Capital	Share Premium	Retained earnings	Total equity
			£	£	£	£
		At 1 September 2022	40,000	2,500	(2,869)	39,631
		Profit for the period			22,623	22,623
		Dividends			(4,000)	(4,000)
		At 31 August 2023 and 1 September 2023 as previously stated	40,000	2,500	15,754	58,254
		Prior year adjustment - Dividends			4,000	4,000
		Prior year adjustment - Profit			(16,932)	(16,932)
		At 31 August 2023 and 1 September 2023 as restated	40,000	2,500	2,822	45,322

		At 31 August 2024	40,000	2,500	2,822	45,322
		The prior year adjustments relate to the correction of errors in the financial statements for the year ended 31 August 2023. Principally, income arising from sale of products had been overstated.

12	Guarantees and commitments
			2024	2023
			£	£
		Total of guarantees and commitments	362,000	405,000





		Future commitments under operating lease for the property.

Related party transactions

The directors, A P Lees and J Gray have provided personal guarantees in respect of the company's lease commitments.

The extent of the guarantee at 31 August 2024 was £362,000 (2023 £405,000).