Gym Professor Ltd - Filleted accounts

Registered number

09518188

Gym Professor Ltd

Filleted Accounts

31 March 2025

Gym Professor Ltd
Registered number:		09518188
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		228,356			148,371

Current assets
Stocks		245,000			195,000
Debtors	4	9,402			3,860
Cash at bank and in hand		13,698			24,790
		268,100			223,650

Creditors: amounts falling due within one year	5	(107,195)			(99,435)

Net current assets			160,905			124,215

Total assets less current liabilities			389,261			272,586

Creditors: amounts falling due after more than one year	6		(41,776)			(12,311)

Provisions for liabilities			(16,112)			(16,112)


Net assets			331,373			244,163

Capital and reserves
Called up share capital			100			100
Profit and loss account			331,273			244,063

Shareholders' funds			331,373			244,163

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M. Bembridge
Director
Approved by the board on 9 December 2025

Gym Professor Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					14		13


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	79,493		166,169		41,348		287,010
	Additions	-		74,942		27,000		101,942
	Disposals	-		-		(15,848)		(15,848)
	At 31 March 2025	79,493		241,111		52,500		373,104

	Depreciation
	At 1 April 2024	-		109,720		28,919		138,639
	Charge for the year	-		12,100		9,857		21,957
	On disposals	-		-		(15,848)		(15,848)
	At 31 March 2025	-		121,820		22,928		144,748

	Net book value
	At 31 March 2025	79,493		119,291		29,572		228,356
	At 31 March 2024	79,493		56,449		12,429		148,371


4	Debtors					2025		2024
£							£

	Other debtors					9,402		3,860


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Directors Current Account					35,649		35,649
	Bank loans and overdrafts					24,382		(32)
	Obligations under finance lease and hire purchase contracts					12,450		6,423
	Trade creditors					11,523		17,373
	Taxation and social security costs					21,722		38,566
	Other creditors					1,469		1,456
						107,195		99,435


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					20,318		-
	Obligations under finance lease and hire purchase contracts					21,458		12,311
						41,776		12,311


7	Other information

	Gym Professor Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Blackfriars Road
	West End Trading Estate
	Nailsea
	BS48 4DJ