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J's Fitness Team Limited Unaudited accounts Contents
Page
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J's Fitness Team Limited Company Information for the year ended 31 October 2023
Director
Jamie Wilson
Company Number
SC489478 (Scotland)
Registered Office
69a Glaisnock Street Cumnock KA18 1BX
Accountants
W Wilson Millar Ltd 32 Moorfield Road Prestwick KA9 2HW
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J's Fitness Team Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,162 
3,953 
Current assets
Cash at bank and in hand
1,188 
613 
Creditors: amounts falling due within one year
(2,599)
(4,384)
Net current liabilities
(1,411)
(3,771)
Net assets
1,751 
182 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,651 
82 
Shareholders' funds
1,751 
182 
For the year ending 31 October 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 10 June 2024 and were signed on its behalf by
Jamie Wilson Director Company Registration No. SC489478
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J's Fitness Team Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
J's Fitness Team Limited is a private company, limited by shares, registered in Scotland, registration number SC489478. The registered office is 69a Glaisnock Street, Cumnock, KA18 1BX.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
12,131 
At 31 October 2023
12,131 
Depreciation
At 1 November 2022
8,178 
Charge for the year
791 
At 31 October 2023
8,969 
Net book value
At 31 October 2023
3,162 
At 31 October 2022
3,953 
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J's Fitness Team Limited Notes to the Accounts for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
805 
1,207 
Trade creditors
100 
- 
Taxes and social security
3,786 
2,864 
Loans from directors
(2,092)
313 
2,599 
4,384 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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