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Company Registration No. 12531129 (England and Wales)
The Gym Supplier Ltd Filleted accounts for the year ended 30 September 2025
The Gym Supplier Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
153,911
180,329
Current assets
Debtors
5
326,785
31,980
Cash at bank and in hand
581,667
922,785
908,452
954,765
Creditors: amounts falling due within one year
6
(282,944)
(761,543)
Net current assets
625,508
193,222
Total assets less current liabilities
779,419
373,551
Creditors: amounts falling due after more than one year
7
(38,889)
-
Net assets
740,530
373,551
Capital and reserves
Called up share capital
100
100
Profit and loss account
740,430
373,451
Shareholders' funds
740,530
373,551
For the year ending 30 September 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 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 of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by
Mr I Thorpe Director Company Registration No. 12531129
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The Gym Supplier Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
The Gym Supplier Ltd is a private company, limited by shares, registered in England and Wales, registration number 12531129. The registered office is Unit 13, The Mill Industrial Estate, Bury New Road, Breightmet, Bolton, Lancashire, BL2 6QE, 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.
3
Accounting policies
These financial statements for the year ended 30 September 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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The Gym Supplier Ltd Notes to the Accounts for the year ended 30 September 2025
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 October 2024
196,420
5,833
202,253
Additions
17,541
-
17,541
At 30 September 2025
213,961
5,833
219,794
Depreciation
At 1 October 2024
18,424
3,500
21,924
Charge for the year
42,792
1,167
43,959
At 30 September 2025
61,216
4,667
65,883
Net book value
At 30 September 2025
152,745
1,166
153,911
At 30 September 2024
177,996
2,333
180,329
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
326,785
31,980
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The Gym Supplier Ltd Notes to the Accounts for the year ended 30 September 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
56,192
44,795
Obligations under finance leases and hire purchase contracts
33,333
-
Trade creditors
3,182
400,189
Taxes and social security
187,917
82,723
Other creditors
2,190
-
Loans from directors
130
233,836
282,944
761,543
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
38,889
-
Finance leases are secured on the assets concerned.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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