1 September 2022 false Taxfiler 2023.9.1 12831519business:PrivateLimitedCompanyLtd2022-09-012023-08-31 128315192022-08-31 128315192022-09-012023-08-31 12831519business:AuditExemptWithAccountantsReport2022-09-012023-08-31 12831519business:FilletedAccounts2022-09-012023-08-31 128315192023-08-31 12831519business:Director12022-09-012023-08-31 12831519business:RegisteredOffice2022-09-012023-08-31 128315192022-08-31 12831519core:WithinOneYear2023-08-31 12831519core:WithinOneYear2022-08-31 12831519core:AfterOneYear2023-08-31 12831519core:AfterOneYear2022-08-31 12831519core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 12831519core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 12831519core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12831519core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 12831519core:PreviouslyStatedAmount2023-08-31 12831519core:PreviouslyStatedAmount2022-08-31 12831519business:SmallEntities2022-09-012023-08-31 12831519countries:EnglandWales2022-09-012023-08-31 12831519core:PlantMachinery2022-09-012023-08-31 12831519core:MotorVehicles2022-09-012023-08-31 12831519core:ComputerEquipment2022-09-012023-08-31 12831519core:PlantMachinery2022-08-31 12831519core:MotorVehicles2022-08-31 12831519core:PlantMachinery2023-08-31 12831519core:MotorVehicles2023-08-31 128315192021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 12831519 (England and Wales)
Fit 1st Therapy Ltd Unaudited Accounts for the year ended 31 August 2023
Fit 1st Therapy Ltd Unaudited Accounts Contents
Page
- 2 -
Fit 1st Therapy Ltd Company Information for the year ended 31 August 2023
Director
Mr Russell May
Company Number
12831519 (England and Wales)
Registered Office
199 Southborough Lane Bromley Kent BR2 8AR United Kingdom
Accountants
K A Property Accountants Ltd 199 Southborough Lane Bromley Kent BR2 8AR
- 3 -
Fit 1st Therapy Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,909 
6,106 
Current assets
Debtors
3,405 
1,621 
Cash at bank and in hand
251 
627 
3,656 
2,248 
Creditors: amounts falling due within one year
(6,840)
(3,124)
Net current liabilities
(3,184)
(876)
Total assets less current liabilities
3,725 
5,230 
Creditors: amounts falling due after more than one year
(177)
- 
Net assets
3,548 
5,230 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,448 
5,130 
Shareholders' funds
3,548 
5,230 
For the year ending 31 August 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Mr Russell May Director Company Registration No. 12831519
- 4 -
Fit 1st Therapy Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Fit 1st Therapy Ltd is a private company, limited by shares, registered in England and Wales, registration number 12831519. The registered office is 199 Southborough Lane, Bromley, Kent, BR2 8AR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance method
Motor vehicles
25% reducing balance method
Computer equipment
25% reducing balance method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
4,817 
5,400 
10,217 
Additions
2,527 
- 
2,527 
At 31 August 2023
7,344 
5,400 
12,744 
Depreciation
At 1 September 2022
1,746 
2,365 
4,111 
Charge for the year
965 
759 
1,724 
At 31 August 2023
2,711 
3,124 
5,835 
Net book value
At 31 August 2023
4,633 
2,276 
6,909 
At 31 August 2022
3,071 
3,035 
6,106 
- 5 -
Fit 1st Therapy Ltd Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,052 
993 
Accrued income and prepayments
1,353 
628 
3,405 
1,621 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,064 
- 
Trade creditors
21 
- 
Taxes and social security
- 
636 
Loans from directors
4,363 
2,068 
Accruals
1,392 
420 
6,840 
3,124 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
177 
- 
8
Transactions with related parties
Included in Note 6 is the amount of £4,363 (2022: £2,068) owed to the company director.
9
Controlling party
The director, Mr Russell May, is the controlling party by virtue of his shareholding.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -