Registration number: 12011416

Gymzone Ltd

trading as Fuse

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Gymzone Ltd

trading as Fuse

Company Information

Directors

Nb Physiotherapy Ltd. Mr R S Panton Mr D S Panton

Registered office

Fuse 132A Silkmore Lane Stafford Staffordshire England ST17 4JD

Accountants

Wychbury Greaves Station House Station Road Rugeley Staffordshire WS15 3HA

Gymzone Ltd

trading as Fuse

(Registration number: 12011416)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	62,939	69,647
Current assets
Stocks	5	72	60
Debtors		18,673	10,975
Cash at bank and in hand		2,154	701
		20,899	11,736
Creditors: Amounts falling due within one year		(336,818)	(287,218)
Net current liabilities		(315,919)	(275,482)
Net liabilities		(252,980)	(205,835)
Capital and reserves
Called up share capital	6	3	3
Retained earnings		(252,983)	(205,838)
Shareholders' deficit		(252,980)	(205,835)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2026 and signed on its behalf by:
 

......................................... Mr D S Panton Director

Gymzone Ltd

trading as Fuse

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Fuse
132A Silkmore Lane
Stafford
Staffordshire
ST17 4JD
England

These financial statements were authorised for issue by the Board on 31 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Gymzone Ltd

trading as Fuse

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Asset class	Depreciation method and rate
Gym Equipment	25% reducing balance
Improvements to property	straight line over 9 years
Office Equipment/Fixtures and Fittings	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Gymzone Ltd

trading as Fuse

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 November 2024	7,381	84,637	23,886	115,904
Additions	-	-	8,000	8,000
At 31 October 2025	7,381	84,637	31,886	123,904
Depreciation
At 1 November 2024	4,235	28,212	13,810	46,257
Charge for the year	786	9,404	4,518	14,708
At 31 October 2025	5,021	37,616	18,328	60,965
Carrying amount
At 31 October 2025	2,360	47,021	13,558	62,939
At 31 October 2024	3,146	56,425	10,076	69,647

5

Stocks

	2025 £	2024 £
Merchandise	72	60

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	3	3	3	3

7	Related party transactions

Included in other creditors are loans totalling £258,386 (2024 - £229,615) due to the company's directors. These loans are unsecured and have no set repayment date.