REGISTERED NUMBER: 04149749 (England and Wales)

Muscleworks Limited

Unaudited Financial Statements for the Year Ended 31 January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Hadjikyriacou

Mrs J Hadjikyriacou

REGISTERED OFFICE:

97 Judd Street

London

WC1H 9JG

BUSINESS ADDRESS:

114-118 Vallance Road

London

E1 5BW

REGISTERED NUMBER:

04149749 (England and Wales)

ACCOUNTANTS:

Chris Syrimis & Co

Chartered Certified Accountants

97 Judd Street

London

WC1H 9JG

BANKERS:

Natwest

50 Ilford Hill

Ilford

Essex

IG1 2DX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

827,113

809,036

827,113

809,036

CURRENT ASSETS

Stocks

6

28,800

15,200

Debtors

7

732,009

584,890

Cash at bank

186,667

6,707

947,476

606,797

CREDITORS

Amounts falling due within one year

8

231,741

220,535

NET CURRENT ASSETS

715,735

386,262

TOTAL ASSETS LESS CURRENT LIABILITIES

1,542,848

1,195,298

CREDITORS

Amounts falling due after more than one year

9

(828,328

)

(618,940

)

PROVISIONS FOR LIABILITIES

(95,289

)

(84,541

)

NET ASSETS

619,231

491,817

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

619,131

491,717

SHAREHOLDERS' FUNDS

619,231

491,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

Mr S Hadjikyriacou - Director

1.	STATUTORY INFORMATION

Muscleworks 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

in accordance with the property

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% 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 Statement of Income and Retained Earnings, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

15,000

AMORTISATION

At 1 February 2025

and 31 January 2026

15,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

Totals

£

£

£

£

COST

At 1 February 2025

608,544

118,671

626,964

1,354,179

Additions

-

18,700

151,346

170,046

At 31 January 2026

608,544

137,371

778,310

1,524,225

DEPRECIATION

At 1 February 2025

137,672

29,668

377,803

545,143

Charge for year

24,916

26,926

100,127

151,969

At 31 January 2026

162,588

56,594

477,930

697,112

NET BOOK VALUE

At 31 January 2026

445,956

80,777

300,380

827,113

At 31 January 2025

470,872

89,003

249,161

809,036

6.

STOCKS

31/1/26

31/1/25

£

£

Finished goods

28,800

15,200

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Amounts owed by associates

13,220

360

Other debtors

718,789

584,530

732,009

584,890

Other debtors includes £170,304 (2025- £170,304) rent deposits held by the landlords. It also includes £348,424 (2025- £206,480) owed by a director on which the company charges interest of 3.75% per annum.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Trade creditors

10,872

36,526

Amounts owed to associates

12,780

37,780

Taxation and social security

200,403

103,007

Other creditors

7,686

43,222

231,741

220,535

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/26

31/1/25

£

£

Bank loans

60,102

75,027

Other creditors

768,226

543,913

828,328

618,940