FIT FOR LIFE YOUTH CIC

Company limited by guarantee

Company Registration Number:
12323053 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2022

Period of accounts

Start date: 1 December 2021

End date: 30 November 2022

FIT FOR LIFE YOUTH CIC

Contents of the Financial Statements

for the Period Ended 30 November 2022

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FIT FOR LIFE YOUTH CIC

Profit And Loss Account

for the Period Ended 30 November 2022

2022 2021


£

£
Turnover: 49,110 59,947
Cost of sales: ( 70,997 ) ( 12,088 )
Gross profit(or loss): (21,887) 47,859
Administrative expenses: ( 108,809 ) ( 53,109 )
Other operating income: 153,456
Operating profit(or loss): 22,760 (5,250)
Profit(or loss) before tax: 22,760 (5,250)
Tax: ( 885 )
Profit(or loss) for the financial year: 21,875 (5,250)

FIT FOR LIFE YOUTH CIC

Balance sheet

As at 30 November 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 17,220 0
Investments: 4 6,000
Total fixed assets: 23,220 0
Current assets
Debtors: 5 6,074 495
Cash at bank and in hand: 84,490 45,878
Total current assets: 90,564 46,373
Creditors: amounts falling due within one year: 6 ( 29,864 ) ( 1,315 )
Net current assets (liabilities): 60,700 45,058
Total assets less current liabilities: 83,920 45,058
Creditors: amounts falling due after more than one year: 7 ( 44,028 ) ( 50,000 )
Accruals and deferred income: ( 33,677 )
Total net assets (liabilities): 6,215 (4,942)
Members' funds
Profit and loss account: 6,215 ( 4,942)
Total members' funds: 6,215 (4,942)

The notes form part of these financial statements

FIT FOR LIFE YOUTH CIC

Balance sheet statements

For the year ending 30 November 2022 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.

This report was approved by the board of directors on 3 November 2023
and signed on behalf of the board by:

Name: Christopher Herbert
Status: Director

The notes form part of these financial statements

FIT FOR LIFE YOUTH CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 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 relates to income from the gym and commercial coaching services provided is recognised upon receipt of funds.Other Income relates to funding and grants received and are recognised upon completion of services for that customer via Other Income.

FIT FOR LIFE YOUTH CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 10 9

FIT FOR LIFE YOUTH CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2021 0 0 0
Additions 11,048 6,172 17,220
Disposals
Revaluations
Transfers
At 30 November 2022 11,048 6,172 17,220
Depreciation
At 1 December 2021
Charge for year
On disposals
Other adjustments
At 30 November 2022
Net book value
At 30 November 2022 11,048 6,172 17,220
At 30 November 2021 0 0 0

FIT FOR LIFE YOUTH CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Fixed assets investments note

Lease Deposit for Gym

FIT FOR LIFE YOUTH CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Debtors

2022 2021
£ £
Trade debtors 6,074 495
Total 6,074 495

FIT FOR LIFE YOUTH CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Accruals and deferred income 29,864
Other creditors 0 1,315
Total 29,864 1,315

FIT FOR LIFE YOUTH CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

7. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 44,028 50,000
Total 44,028 50,000

COMMUNITY INTEREST ANNUAL REPORT

FIT FOR LIFE YOUTH CIC

Company Number: 12323053 (England and Wales)

Year Ending: 30 November 2022

Company activities and impact

The companies principle activity in the period was to provide sports coaching, mentoring, health and fitness activities to the younger population and their families and carers.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Paid salary of £12,500 for the full time management of the company.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 November 2023

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