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
Fit 1st Therapy Ltd
Company Information
for the year ended 31 August 2023
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
Fit 1st Therapy Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
6,909
6,106
Cash at bank and in hand
251
627
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)
-
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
Fit 1st Therapy Ltd
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 31 August 2023
7,344
5,400
12,744
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
At 31 August 2023
4,633
2,276
6,909
At 31 August 2022
3,071
3,035
6,106
Fit 1st Therapy Ltd
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Accrued income and prepayments
1,353
628
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
1,064
-
Taxes and social security
-
636
Loans from directors
4,363
2,068
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.
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).