Gym Deals LLP - Accounts to registrar (filleted) - small 18.1

Gym Deals LLP - Accounts to registrar (filleted) - small 18.1

GYM DEALS LLP - Company Information

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REGISTERED NUMBER: OC371619 (England and Wales)












GYM DEALS LLP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2018






GYM DEALS LLP (REGISTERED NUMBER: OC371619)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2018




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GYM DEALS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2018







DESIGNATED MEMBERS: I Groves
W Broome
R Dale





REGISTERED OFFICE: Chartered Accountants
Federation House
36/38 Rockingham Road
Kettering
Northamptonshire
NN16 8JS





REGISTERED NUMBER: OC371619 (England and Wales)





ACCOUNTANTS: HAWES STRICKLAND
Chartered Accountants
Federation House
36/38 Rockingham Road
Kettering
Northamptonshire
NN16 8JS
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GYM DEALS LLP (REGISTERED NUMBER: OC371619)

BALANCE SHEET
31ST JANUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,249 -

CURRENT ASSETS
Stocks 8,505 8,427
Debtors 6 22,042 4,935
Cash at bank 43,674 62,039
74,221 75,401
CREDITORS
Amounts falling due within one year 7 77,235 75,310
NET CURRENT (LIABILITIES)/ASSETS (3,014 ) 91
TOTAL ASSETS LESS CURRENT
LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
235
91

LOANS AND OTHER DEBTS DUE TO
MEMBERS
8
235
91

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 235 91
Amounts due from members 6 (1,776 ) (172 )
(1,541 ) (81 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st January 2018.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit)
(Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit)
(Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as
applicable to the LLP.

The notes form part of these financial statements

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GYM DEALS LLP (REGISTERED NUMBER: OC371619)

BALANCE SHEET - continued
31ST JANUARY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 3rd October 2018 and were signed
by:





I Groves - Designated member

The notes form part of these financial statements

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GYM DEALS LLP (REGISTERED NUMBER: OC371619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2018

1. STATUTORY INFORMATION

Gym Deals LLP is registered in England and Wales. The LLP's registered number and registered office
address can be found on the General Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

4. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2017 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and Computer
equipment equipment Totals
£    £    £   
COST
Additions 3,579 299 3,878
At 31st January 2018 3,579 299 3,878
DEPRECIATION
Charge for year 604 25 629
At 31st January 2018 604 25 629
NET BOOK VALUE
At 31st January 2018 2,975 274 3,249

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 19,741 4,739
Other debtors 2,301 196
22,042 4,935

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GYM DEALS LLP (REGISTERED NUMBER: OC371619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 53,303 62,798
Other creditors 23,932 12,512
77,235 75,310

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2018 2017
£    £   
Amounts owed to members in respect of profits 235 91

Falling due within one year 235 91

Loans and other debts due to members rank equally with debts due to ordinary creditors on a winding
up.

9. RELATED PARTY DISCLOSURES

During the year the partnership rented premises from a company owned by a partner at a total cost of
£40,320 (2017 - £45,600)

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