Gym Tech Ltd,Ltd - AccountsLtd - Accounts

Gym Tech Ltd,Ltd - AccountsLtd - Accounts

GYM TECH LTD - Company Information

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2022-04-01 11791035 2023-03-31 11791035 2022-04-01 2023-03-31 11791035 2022-03-31 11791035 2021-04-01 2022-03-31 11791035 uk-core:WithinOneYear 2022-03-31 11791035 uk-core:WithinOneYear 2023-03-31 11791035 uk-core:AfterOneYear 2022-03-31 11791035 uk-core:AfterOneYear 2023-03-31 11791035 uk-core:ShareCapital 2023-03-31 11791035 uk-core:ShareCapital 2022-03-31 11791035 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 11791035 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 11791035 uk-bus:Director1 2022-04-01 2023-03-31 11791035 uk-core:Vehicles 2022-03-31 11791035 uk-core:ToolsEquipment 2022-03-31 11791035 uk-core:Vehicles 2022-04-01 2023-03-31 11791035 uk-core:ToolsEquipment 2023-03-31 11791035 uk-core:Vehicles 2023-03-31 11791035 uk-core:ToolsEquipment 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure 11791035 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11791035 uk-bus:FRS102 2022-04-01 2023-03-31 11791035 uk-bus:FullAccounts 2022-04-01 2023-03-31 11791035 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Gym Tech Ltd
Registered Number:11791035
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Gym Tech Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11791035
As at 31 March 2023
Gym Tech Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
58,320
38,860
2
58,320
38,860
Current assets
Trade and other receivables
13,520
19,600
3
68,425
Cash and cash equivalents
37,450
57,050
81,945
Trade and other payables: amounts falling due within one
year
(41,623)
(53,814)
4
40,322
3,236
Net current assets
Total assets less current liabilities
61,556
79,182
Trade and other payables: amounts falling due after more
than one year
(33,711)
(30,865)
5
30,691
Net assets
45,471
Capital and reserves
Called up share capital
1
1
Retained earnings
30,690
45,470
30,691
45,471
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr ANDREW TOPLASS Director
These financial statements were approved and authorised for issue by the Board on 29 August 2023 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2023
Gym Tech Ltd
Notes to the Financial Statements
Statutory Information
Gym Tech Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
11791035.
Registered address:
Bates Accountants 17 Lawton Road
Alsager
Stoke-On-Trent
England
ST7 2AA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 April 2022
74,877
71,247
3,630
38,915
36,443
2,472
Additions
At 31 March 2023
6,102
107,690
113,792
Provision for depreciation and impairment
At 01 April 2022
36,017
33,922
2,095
Charge for year
19,455
18,453
1,002
At 31 March 2023
55,472
52,375
3,097
At 31 March 2023
Net book value
3,005
55,315
58,320
At 31 March 2022
1,535
37,325
38,860
3. Trade and other receivables
2022
2023
£
£
Trade debtors
14,627
13,520
Other debtors
4,973
-
13,520
19,600
2 of 3
5
For the year ended 31 March 2023
Gym Tech Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
21,237
14,672
Taxation and social security
-
11,515
Accruals and deferred income
1,255
1,175
Directors' loan accounts
-
8,745
Obligations under HP/Financial leases
31,322
5,516
53,814
41,623
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
18,061
23,598
10,113
12,804
Obligations under HP/Financial leases
30,865
33,711
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
3 of 3