REGISTERED NUMBER: 09281570 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Geared Up Leisure Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R C Hodgson

Mrs S E Hodgson

SECRETARY:

Mrs S E Hodgson

REGISTERED OFFICE:

17B Darton Lane

Darton

Barnsley

S75 5AH

REGISTERED NUMBER:

09281570 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Tangible assets

5

590

694

CURRENT ASSETS

Stocks

17,981

24,464

Debtors

6

13,078

22,296

Cash at bank and in hand

2,641

4,742

33,700

51,502

CREDITORS

Amounts falling due within one year

7

45,380

37,101

NET CURRENT (LIABILITIES)/ASSETS

(11,680

)

14,401

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,090

)

15,095

CREDITORS

Amounts falling due after more than one year

8

(13,494

)

(16,747

)

PROVISIONS FOR LIABILITIES

-

(132

)

NET LIABILITIES

(24,584

)

(1,784

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(24,684

)

(1,884

)

SHAREHOLDERS' FUNDS

(24,584

)

(1,784

)

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 October 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.

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 29 October 2026 and were signed on its behalf by:

Mr R C Hodgson - Director

1.	STATUTORY INFORMATION

Geared Up Leisure Ltd 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

The company has experienced challenging trading conditions during the year, resulting in a net loss of £18,840 and, as of 31 October 2025 the company's current liabilities exceeded it's current assets by £24,584.

On the basis of continued creditor support, alongside planned operational cost-saving measures, the directors have reasonable expectation that the company will have adequate resources to meet it's liabilities as they fall due. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates

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

Turnover

Turnover represents amounts earned on goods provided during the year and derives from the provision of goods falling within the company's ordinary activities. Turnover is recognised at the point of dispatch of the goods.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

All fixed assets are initially recorded at cost.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2024

and 31 October 2025

2,160

DEPRECIATION

At 1 November 2024

1,466

Charge for year

104

At 31 October 2025

1,570

NET BOOK VALUE

At 31 October 2025

590

At 31 October 2024

694

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

13,078

22,296

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,726

3,726

Trade creditors

23,656

23,675

Taxation and social security

6,076

7,500

Other creditors

11,922

2,200

45,380

37,101

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

13,494

16,747

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

-

1,843

-

1,843

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

Mr R C Hodgson

Balance outstanding at start of year

16,670

17,335

Amounts advanced

9,978

12,261

Amounts repaid

(19,196

)

(12,926

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,452

16,670