REGISTERED NUMBER: 02830997 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

IRONWORKS FITNESS CONCEPTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Young

Mrs K Young

REGISTERED OFFICE:

Unit 2, Park View Estate

Pershore Road South

Kings Norton

West Midlands

B30 0JX

REGISTERED NUMBER:

02830997 (England and Wales)

FIXED ASSETS

Tangible assets

4

131,017

129,826

CURRENT ASSETS

Stocks

2,800

6,000

Debtors

156,974

133,584

Cash at bank and in hand

109,136

142,008

268,910

281,592

CREDITORS

Amounts falling due within one year

78,981

82,498

NET CURRENT ASSETS

189,929

199,094

TOTAL ASSETS LESS CURRENT LIABILITIES

320,946

328,920

CREDITORS

Amounts falling due after more than one year

(32,555

)

(44,899

)

PROVISIONS FOR LIABILITIES

(15,939

)

(14,568

)

NET ASSETS

272,452

269,453

CAPITAL AND RESERVES

Called up share capital

20,100

20,100

Retained earnings

252,352

249,353

SHAREHOLDERS' FUNDS

272,452

269,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2026 and were signed on its behalf by:

D Young - Director

1.	STATUTORY INFORMATION

Ironworks Fitness Concepts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remain unchanged from the previous year.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

over the lease term

Plant and machinery

-

15% on reducing balance and Straight line over 3 years

Fixtures & fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.3% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2024

560,605

Additions

27,261

At 30 November 2025

587,866

DEPRECIATION

At 1 December 2024

430,779

Charge for year

26,070

At 30 November 2025

456,849

NET BOOK VALUE

At 30 November 2025

131,017

At 30 November 2024

129,826

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 December 2024

and 30 November 2025

71,453

DEPRECIATION

At 1 December 2024

23,073

Charge for year

11,723

At 30 November 2025

34,796

NET BOOK VALUE

At 30 November 2025

36,657

At 30 November 2024

48,380

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

2,801

2,801

Between one and five years

32,555

34,899

35,356

37,700

Non-cancellable

operating leases

2025

2024

£

£

Within one year

18,140

36,280

Between one and five years

-

18,140

18,140

54,420

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

35,356

37,700

The above debts are secured against the assets to which they relate.

7.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of all employees and directors. The pension charge represents contributions due from the company and the pension creditor outstanding at the year end amounted to £Nil (2024 - £Nil).

8.	ULTIMATE PARENT COMPANY

Drykat Investments Limited (incorporated in England and Wales) is regarded by the directors as being the company's ultimate parent company.

The company is controlled by the directors, who hold 100% of the share capital of the company's parent undertaking.