FIT KIDZ CIC

Company limited by guarantee

Company Registration Number:
11993720 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

FIT KIDZ CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FIT KIDZ CIC

Directors' report period ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Additional information

Statement of directors' responsibilitiesThe directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected toprepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom AccountingStandards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that theygive a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparingthese accounts, the directors are required to:- select suitable accounting policies and then apply them consistently;- make judgements and estimates that are reasonable and prudent;- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company'stransactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensurethat the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company andhence for taking reasonable steps for the prevention and detection of fraud and other irregularities



Directors

The director shown below has held office during the whole of the period from
1 June 2022 to 31 May 2023

Christopher Bull


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 October 2023

And signed on behalf of the board by:
Name: Christopher Bull
Status: Director

FIT KIDZ CIC

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,879 3,839
Total fixed assets: 2,879 3,839
Current assets
Debtors: 4 864
Cash at bank and in hand: 182
Total current assets: 1,046
Creditors: amounts falling due within one year: 5 ( 6,092 ) ( 2,853 )
Net current assets (liabilities): (5,046) (2,853)
Total assets less current liabilities: (2,167) 986
Total net assets (liabilities): (2,167) 986
Members' funds
Profit and loss account: (2,167) 986
Total members' funds: ( 2,167) 986

The notes form part of these financial statements

FIT KIDZ CIC

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 October 2023
and signed on behalf of the board by:

Name: Christopher Bull
Status: Director

The notes form part of these financial statements

FIT KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value addedtax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers suchthat risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised byreference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costsincurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates inorder to write off the assets over their estimated useful lives:Motor vehicles 25% Reducing balance

    Other accounting policies

    Financial instrumentsBasic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financialinstruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.---------------------------------------------------------------------------------------------------Deferred taxationDeferred tax arises as a result of including items of income and expenditure in taxation computations in periods different fromthose in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result inan obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timingdifferences reverse, based on current tax rates and laws.Deferred tax assets and liabilities are not discounted.

FIT KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

FIT KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 9,102 9,102
Additions
Disposals
Revaluations
Transfers
At 31 May 2023 9,102 9,102
Depreciation
At 1 June 2022 5,263 5,263
Charge for year 960 960
On disposals
Other adjustments
At 31 May 2023 6,223 6,223
Net book value
At 31 May 2023 2,879 2,879
At 31 May 2022 3,839 3,839

FIT KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

2023 2022
£ £
Trade debtors 864
Total 864

FIT KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 5,340 2,150
Accruals and deferred income 750 696
Other creditors 2 7
Total 6,092 2,853

COMMUNITY INTEREST ANNUAL REPORT

FIT KIDZ CIC

Company Number: 11993720 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

We have been running two school programs called Fit Kidz GO! (for Y3 and Y4 children ages 7-9 years) and Fit Kidz ROW! (for Y6 children 10-11 years) in primary schools across Stevenage and surrounding villages, funded by Stevenage Sporting Futures. We have worked in 26 different schools and taught over 2000 children, taking over their PE lessons with a 1-hour functional fitness program using equipment not readily available other than in gyms and other fitness premises (Fit Kidz GO!), and with Concept 2 Rowing Machines (Fit Kidz ROW!). A number of these schools have also contracted our services out of their own budget to run physical activity programs for various year groups. We’ve also run similar early mornings and after-school clubs for four of these schools.Two schools visited within the Fit Kidz Go program were for children with learning orphysical disabilities.As part of their Healthy Living program, we also run sessions, on contract, for BeeZee Bodies... aimed at families where diet and weight issues (obesity) are prevalent, and individuals meet a specific criteria. We would run fun functional fitness sessions after BeeZee Bodies had run their own healthy eating and diet sessions. These took place in school halls or other community venues (again after school hours) in Stevenage, Hertford, Letchworth, Welwyn Garden City, St Albans, Ware & Harpenden.We have recently started working (on a self-employed contract basis) with Future Youth Inspired (FYI) Ltd to help offer a specialist mentoring service to some of the most vulnerable young people and their families through a relationship-based and multi-agency approach. We support families to get back on track through relationship-based mentoring. The young people are also enrolled on to the Duke of Edinburgh Award, while engaging in enrichment activities. This enables young people to work towards and gain nationwide certificates during the mentoring support package. FYI also offer various bespoke education options with the aim to support young people with transition back to their on-roll school with specialist mentors involved with the process, such as ourselves. And on the back of this, we have been employed directly by a parent and a school to work with a young person outside of our involvement with FYI.On the adult side of the business, we run a regular Sunday morning outdoor bootcamp specifically for those looking to slim / lose weight. Alongside this, we have worked with a number of individuals, both younger and adult, running personal training sessions. Finally, we also run Superhero Parties for children, dressing up as either Spider-Man or Batman, doing superhero training and playing games with the children either in community venues or via home visits.

Consultation with stakeholders

The company's stakeholders are predominantly residents of all ages in Stevenage and surrounding villages, but also some work with residents in Hertford, Letchworth, Welwyn Garden City, St Albans, Ware and Harpenden. The company director has lived in Stevenage since 2004 and had worked (and still works) in a large local gym before embarking on Fit Kidz CIC. This has helped to develop a business model based on their experience around amenities, resource and availability across the local community for fun and rewarding physical activities aimed at addressing the obesity epidemic and the lack of physical activity for children across schools. We regularly ask for feedback from all parties, initially verbally both before and after attending sessions, as well as via our online feedback form and an online testimonial form.School teachers and heads are actively encouraged to engage in our school sessions and will feedback via Stevenage Sporting Futures. The same can be said of our work with BeeZee Bodies and Stevenage FC Foundation. Feedback, whether positive or negative, helps us to refine and improve our programs, sessions and services, and improve engagement across all genres (ages, abilities, genders, etc).

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £14,670.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 October 2023

And signed on behalf of the board by:
Name: Christopher Bull
Status: Director