The Gym Doctors 365 Limited Accounts

THE GYM DOCTORS 365 LIMITED - Company Information






The Gym Doctors 365 Limited

	Company No. 12140042
		Information for Filing with The Registrar
		30 April 2023

The Directors present their report and the accounts for the year ended 30 April 2023.

Principal activities
The principal activity of the company during the year under review was specialist repair of fitness equipment.




Directors

The Directors who served at any time during the year were as follows:

L. Ella
P. Kirby






































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

L. Ella
Director
15 June 2023

at	30 April 2023
Company No.		12140042	Notes	2023	2022
				£	£
Fixed assets

	Tangible assets		4	247,245	135,346


				247,245	135,346
Current assets
	Stocks		5	18,500	32,500
	Debtors		6	214,279	200,286

	Cash at bank and in hand			71,859	13,583
				304,638	246,369
Creditors: Amount falling due within one year			7	(242,418)	(235,365)
Net current assets				62,220	11,004
Total assets less current liabilities				309,465	146,350
Creditors: Amounts falling due after more than one year			8	(152,721)	(99,845)



Net assets				156,744	46,505

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		10	156,644	46,405

Total equity				156,744	46,505



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 April 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 15 June 2023
And signed on its behalf by:
L. Ella
Director
15 June 2023

for the year ended 30 April 2023

General information

Its registered number is: 12140042

Its registered office is:

Unit 2 Spen Valley Industria

Rawfolds Way

Cleckheaton

BD19 5LJ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2023	2022
			Number	Number
		The average monthly number of employees (including directors) during the year was:	40	37

4	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 May 2022	21,022	218,700	521	240,243
		Additions	-	194,455	-	194,455



		At 30 April 2023	21,022	413,155	521	434,698
		Depreciation
		At 1 May 2022	10,126	94,514	257	104,897
		Charge for the year	2,724	79,660	172	82,556



		At 30 April 2023	12,850	174,174	429	187,453
		Net book values
		At 30 April 2023	8,172	238,981	92	247,245
		At 30 April 2022	10,896	124,186	264	135,346

5	Stocks
			2023	2022
			£	£
		Raw materials and consumables	18,500	32,500


			18,500	32,500

6	Debtors
			2023	2022
			£	£
		Trade debtors	204,087	196,833




		Loans to directors	8,942	3,453
		Other debtors	1,250	-

			214,279	200,286

7	Creditors:
		amounts falling due within one year
			2023	2022
			£	£

		Bank loans and overdrafts	21,426	8,303
		Other loans	-	17,482
		Obligations under finance lease and hire purchase contracts	83,282	48,880
		Trade creditors	35,607	32,330

		Taxes and social security	95,499	121,653

		Other creditors	2,807	3,080
		Accruals and deferred income	3,797	3,637
			242,418	235,365

8	Creditors:
		amounts falling due after more than one year
			2023	2022
			£	£

		Bank loans and overdrafts	9,000	30,486

		Obligations under finance lease and hire purchase contracts	143,721	69,359




			152,721	99,845

Share Capital

100 Ordinary shares of £1 each have been allotted, called up and fully paid.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

11	Dividends
			2023	2022
			£	£
		Dividends for the period:
		Dividends paid in the period	34,600	46,947

			34,600	46,947

		Dividends by type:

		Equity dividends	34,600	46,947
			34,600	46,947