The Word Gym Ltd - Filleted accounts


THE WORD GYM LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025



































Company Registration Number: 03894384

THE WORD GYM LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 8

THE WORD GYM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2025


DIRECTORS

W J Maslen
L A Maslen


SECRETARY

L A Maslen


REGISTERED OFFICE

C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ


COMPANY REGISTRATION NUMBER

03894384 England and Wales

THE WORD GYM LTD

BALANCE SHEET
AS AT 31 DECEMBER 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Tangible assets	5		158		298

CURRENT ASSETS
Debtors	6	13,925		19,458
Cash at bank and in hand		13,744		21,223


		27,669		40,681

CREDITORS: Amounts falling due within one year	7	13,746		12,830
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			13,923		27,851


TOTAL ASSETS LESS CURRENT LIABILITIES			14,081		28,149

Provisions for liabilities and charges			30		57


NET ASSETS			14,051		28,092


CAPITAL AND RESERVES
Called up share capital			100		100
Distributable profit and loss account			13,951		27,992


SHAREHOLDERS' FUNDS			14,051		28,092

THE WORD GYM LTD

BALANCE SHEET
AS AT 31 DECEMBER 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

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 S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




L A Maslen						W J Maslen
Director						Director

Date approved by the board: 26 May 2026

THE WORD GYM LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


1	GENERAL INFORMATION

	The Word Gym Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	C9 Glyme Court
	Oxford Office Village
	Langford Lane
	Kidlington
	Oxford
	OX5 1LQ

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of the value of services invoiced as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	IT hardware					Straight line basis at 50% per annum
	IT software					Straight line basis at 33% per annum
	Office equipment					Straight line basis at 33% per annum
	Reference books					Straight line basis at 33% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

THE WORD GYM LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

THE WORD GYM LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

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

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Foreign currencies

	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

	Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rate of exchange prevailing at that date. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit or loss.


3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

THE WORD GYM LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

					2025	2024
	Average number of employees				4	4



5	TANGIBLE ASSETS
		IT hardware	IT software	Office equipment	Reference books	Total
		£	£	£	£	£
	Cost
	At 1 January 2025	69,273	16,072	8,566	1,440	95,351


	At 31 December 2025	69,273	16,072	8,566	1,440	95,351


	Accumulated depreciation and impairments
	At 1 January 2025	69,025	16,045	8,543	1,440	95,053

	Charge for year	123	9	8	-	140


	At 31 December 2025	69,148	16,054	8,551	1,440	95,193


	Net book value
	At 1 January 2025	248	27	23	-	298


	At 31 December 2025	125	18	15	-	158



6	DEBTORS
					2025	2024
					£	£
	Trade debtors				-	8,550
	Prepayments and accrued income				405	385
	Other debtors				13,520	10,523


					13,925	19,458

THE WORD GYM LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


7	CREDITORS: Amounts falling due within one year
			2025	2024
			£	£
	Trade creditors		919	2,688
	Taxation and social security		406	470
	Accruals and deferred income		2,665	6,836
	Other creditors		9,756	2,836


			13,746	12,830



8	SECURED DEBTS

	The company's bankers hold a fixed and floating charge over all the assets of the company.


9	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

	W J and L A Maslen
	Directors and shareholders		2025	2024
			£	£
	Advances to company	The directors and shareholders have made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the directors and shareholders the following amount:	9,756	2,836