Utopia Gymnastics Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11290673

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		276,284		356,491

			276,284		356,491
CURRENT ASSETS
Stocks	5	6,000		6,000
Debtors	6	4,196		17,495
Cash at bank and in hand		953		20,832

		11,149		44,327
Creditors: Amounts Falling Due Within One Year	7	(514,451 )		(417,344 )

NET CURRENT ASSETS (LIABILITIES)			(503,302 )		(373,017 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(227,018 )		(16,526 )

Creditors: Amounts Falling Due After More Than One Year	8		(145,010 )		(228,063 )

NET LIABILITIES			(372,028 )		(244,589 )

CAPITAL AND RESERVES
Called up share capital	10		120		120
Profit and Loss Account			(372,148 )		(244,709 )

SHAREHOLDERS' FUNDS			(372,028)		(244,589)

Page 1

Page 2

Utopia Gymnastics Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 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 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 Luke Limbert

Director

08/01/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Utopia Gymnastics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11290673 . The registered office is Units 1 & 2 Prince Of Wales Mill, Birds Royd Lane, Brighouse, HD6 1LQ.

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. 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	10% Straight Line
Plant & Machinery	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Page 3

Page 4

Utopia Gymnastics Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.6. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 20 (2024: )

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 May 2024	320,374	246,397	92,114	6,878	665,763

As at 30 April 2025	320,374	246,397	92,114	6,878	665,763

Depreciation
As at 1 May 2024	127,738	138,171	36,734	6,629	309,272
Provided during the period	39,056	27,057	13,845	249	80,207

As at 30 April 2025	166,794	165,228	50,579	6,878	389,479

Net Book Value
As at 30 April 2025	153,580	81,169	41,535	-	276,284

As at 1 May 2024	192,636	108,226	55,380	249	356,491

5. Stocks

	2025	2024
	£	£
Stock	6,000	6,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	75
Other debtors	4,196	17,420

	4,196	17,495

Page 4

Page 5

Utopia Gymnastics Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,370	10,230
Trade creditors	16,256	3,163
Bank loans and overdrafts	8,264	7,248
Other loans	151,458	120,037
Other creditors	255,880	196,840
Taxation and social security	80,223	79,826

	514,451	417,344

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	1,705
Bank loans	28,453	36,717
Other loans	116,557	189,641

	145,010	228,063

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,370	10,230
Later than one year and not later than five years	-	1,705

	2,370	11,935

	2,370	11,935

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	120	120

Page 5