Company Registration No. 12815438 (England and Wales)
FITTER BODY LADIES SKETTY LTD
Unaudited accounts
for the year ended 31 August 2023
FITTER BODY LADIES SKETTY LTD
Statement of financial position
as at 31 August 2023
Intangible assets
2,833
3,233
Tangible assets
73,507
83,915
Cash at bank and in hand
3,350
6,870
Creditors: amounts falling due within one year
(69,123)
(83,295)
Net current liabilities
(63,443)
(72,095)
Called up share capital
100
100
Profit and loss account
12,797
14,953
Shareholders' funds
12,897
15,053
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 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 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 of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by
Richard Clarke
Director
Company Registration No. 12815438
FITTER BODY LADIES SKETTY LTD
Notes to the Accounts
for the year ended 31 August 2023
FITTER BODY LADIES SKETTY LTD is a private company, limited by shares, registered in England and Wales, registration number 12815438. The registered office is 52 OAK WAY, PENLLERGAER, SWANSEA, SA4 9WW, WALES.
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.
These financial statements for the year ended 31 August 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
FITTER BODY LADIES SKETTY LTD
Notes to the Accounts
for the year ended 31 August 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2022
10,551
23,382
72,167
-
106,100
Additions
3,182
-
-
2,700
5,882
At 31 August 2023
13,733
23,382
72,167
2,700
111,982
At 1 September 2022
3,406
2,243
16,536
-
22,185
Charge for the year
2,323
4,676
9,021
270
16,290
At 31 August 2023
5,729
6,919
25,557
270
38,475
At 31 August 2023
8,004
16,463
46,610
2,430
73,507
At 31 August 2022
7,145
21,139
55,631
-
83,915
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
33,708
46,907
Amounts owed to group undertakings and other participating interests
28,304
13,750
Taxes and social security
49
349
Loans from directors
2,814
16,897
FITTER BODY LADIES SKETTY LTD
Notes to the Accounts
for the year ended 31 August 2023
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).