Omni Gym Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC459614 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Omni Gym Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Taylor

S Taylor

REGISTERED OFFICE:

Kingsville

Bonnington Road

Peebles

Scottish

Borders

EH45 9HF

REGISTERED NUMBER:

SC459614 (Scotland)

ACCOUNTANTS:

Neil Nisbet & Co.

2nd Floor

Thain House

226 Queensferry Road

Edinburgh

EH4 2BP

FIXED ASSETS

Tangible assets

4

7,182

5,454

CURRENT ASSETS

Cash at bank

31,614

19,277

CREDITORS

Amounts falling due within one year

5

8,492

4,407

NET CURRENT ASSETS

23,122

14,870

TOTAL ASSETS LESS CURRENT LIABILITIES

30,304

20,324

CREDITORS

Amounts falling due after more than one year

6

(7,442

)

(9,500

)

PROVISIONS FOR LIABILITIES

(1,475

)

(1,035

)

NET ASSETS

21,387

9,789

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

21,386

9,788

SHAREHOLDERS' FUNDS

21,387

9,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2022 and were signed on its behalf by:

S Taylor - Director

1.	STATUTORY INFORMATION

Omni Gym Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2020

8,073

Additions

2,995

At 30 September 2021

11,068

DEPRECIATION

At 1 October 2020

2,619

Charge for year

1,267

At 30 September 2021

3,886

NET BOOK VALUE

At 30 September 2021

7,182

At 30 September 2020

5,454

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans and overdrafts

1,900

-

Trade creditors

-

673

Taxation and social security

5,042

1,984

Other creditors

1,550

1,750

8,492

4,407

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans

7,442

9,500

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

1,900