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REGISTERED NUMBER: 11062587 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2019

for

Gymbuddy Health & Fitness Ltd

Gymbuddy Health & Fitness Ltd (Registered number: 11062587)






Contents of the Financial Statements
for the Year Ended 30 November 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gymbuddy Health & Fitness Ltd

Company Information
for the Year Ended 30 November 2019







DIRECTORS: J Luangviseth
D J Till





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Fareham
Hampshire
PO17 6EX





REGISTERED NUMBER: 11062587 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Gymbuddy Health & Fitness Ltd (Registered number: 11062587)

Balance Sheet
30 November 2019

30.11.19 30.11.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 78,892 37,061
Tangible assets 5 8,185 -
87,077 37,061

CURRENT ASSETS
Debtors 6 1,461 2,112
Prepayments and accrued income 500 -
Cash at bank 30,717 101
32,678 2,213
CREDITORS
Amounts falling due within one year 7 147,315 40,250
NET CURRENT LIABILITIES (114,637 ) (38,037 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,560

)

(976

)

CAPITAL AND RESERVES
Called up share capital 8 1,000 100
Retained earnings (28,560 ) (1,076 )
SHAREHOLDERS' FUNDS (27,560 ) (976 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 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.

Gymbuddy Health & Fitness Ltd (Registered number: 11062587)

Balance Sheet - continued
30 November 2019


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 on 5 April 2020 and were
signed on its behalf by:




D J Till - Director



J Luangviseth - Director


Gymbuddy Health & Fitness Ltd (Registered number: 11062587)

Notes to the Financial Statements
for the Year Ended 30 November 2019

1. STATUTORY INFORMATION

Gymbuddy Health & Fitness 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment
losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

Gymbuddy Health & Fitness Ltd (Registered number: 11062587)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2019

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2018 37,061
Additions 41,831
At 30 November 2019 78,892
NET BOOK VALUE
At 30 November 2019 78,892
At 30 November 2018 37,061

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 10,913
At 30 November 2019 10,913
DEPRECIATION
Charge for year 2,728
At 30 November 2019 2,728
NET BOOK VALUE
At 30 November 2019 8,185

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.19 30.11.18
£    £   
Other debtors 1,461 2,112

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.19 30.11.18
£    £   
Taxation and social security 844 -
Other creditors 146,471 40,250
147,315 40,250

Gymbuddy Health & Fitness Ltd (Registered number: 11062587)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2019

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 30.11.19 30.11.18
value: £    £   
850 Ordinary A £1 850 100
150 Ordinary B £1 150 -
1,000 100

The following shares were allotted and fully paid for cash at par during the year:

750 Ordinary A shares of £1 each
150 Ordinary B shares of £1 each

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended
30 November 2019 and the period ended 30 November 2018:

30.11.19 30.11.18
£    £   
D J Till
Balance outstanding at start of year 2,070 -
Amounts advanced - 21,996
Amounts repaid (35,231 ) (19,926 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (33,161 ) 2,070

J Luangviseth
Balance outstanding at start of year (250 ) -
Amounts advanced 375 50
Amounts repaid - (300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 125 (250 )

The directors loan account balances are undated, unsecured, interest free and repayable on demand.