Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-12-01false87truetruefalse 06742510 2022-12-01 2023-11-30 06742510 2021-12-01 2022-11-30 06742510 2023-11-30 06742510 2022-11-30 06742510 c:Director1 2022-12-01 2023-11-30 06742510 c:Director2 2022-12-01 2023-11-30 06742510 d:PlantMachinery 2022-12-01 2023-11-30 06742510 d:PlantMachinery 2023-11-30 06742510 d:PlantMachinery 2022-11-30 06742510 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 06742510 d:FurnitureFittings 2022-12-01 2023-11-30 06742510 d:FurnitureFittings 2023-11-30 06742510 d:FurnitureFittings 2022-11-30 06742510 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 06742510 d:OfficeEquipment 2022-12-01 2023-11-30 06742510 d:OfficeEquipment 2023-11-30 06742510 d:OfficeEquipment 2022-11-30 06742510 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 06742510 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 06742510 d:CurrentFinancialInstruments 2023-11-30 06742510 d:CurrentFinancialInstruments 2022-11-30 06742510 d:Non-currentFinancialInstruments 2023-11-30 06742510 d:Non-currentFinancialInstruments 2022-11-30 06742510 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 06742510 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 06742510 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 06742510 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 06742510 d:ShareCapital 2023-11-30 06742510 d:ShareCapital 2022-11-30 06742510 d:RetainedEarningsAccumulatedLosses 2023-11-30 06742510 d:RetainedEarningsAccumulatedLosses 2022-11-30 06742510 c:FRS102 2022-12-01 2023-11-30 06742510 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06742510 c:FullAccounts 2022-12-01 2023-11-30 06742510 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06742510 2 2022-12-01 2023-11-30 06742510 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 06742510










FIELD OF FITNESS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
FIELD OF FITNESS LIMITED
REGISTERED NUMBER: 06742510

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
24,624
35,896

  
24,624
35,896

Current assets
  

Debtors: amounts falling due within one year
 4 
92,280
96,231

Cash at bank and in hand
  
16,928
10,612

  
109,208
106,843

Creditors: amounts falling due within one year
 5 
(81,688)
(84,133)

Net current assets
  
 
 
27,520
 
 
22,710

Total assets less current liabilities
  
52,144
58,606

Creditors: amounts falling due after more than one year
 6 
(44,448)
(49,166)

Provisions for liabilities
  

Deferred tax
  
(6,103)
(8,694)

  
 
 
(6,103)
 
 
(8,694)

Net assets
  
1,593
746


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
593
(254)

  
1,593
746


Page 1

 
FIELD OF FITNESS LIMITED
REGISTERED NUMBER: 06742510
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 August 2024.




D J Oliver
J G Field
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FIELD OF FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Field of Fitness Limited (06742510) is a private Company limited by shares. It is incorporated in England & Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
FIELD OF FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
10% straight line
Fixtures & fittings
-
15% straight line
Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
FIELD OF FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

  
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

Page 5

 
FIELD OF FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.15

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 6

 
FIELD OF FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2022
163,720
13,814
12,721
190,255


Additions
-
-
308
308



At 30 November 2023

163,720
13,814
13,029
190,563



Depreciation


At 1 December 2022
133,719
11,420
9,222
154,361


Charge for the year on owned assets
10,427
572
579
11,578



At 30 November 2023

144,146
11,992
9,801
165,939



Net book value



At 30 November 2023
19,574
1,822
3,228
24,624



At 30 November 2022
30,002
2,395
3,500
35,897


4.


Debtors

2023
2022
£
£


Trade debtors
-
4,000

Other debtors
91,618
90,995

Prepayments and accrued income
662
1,236

92,280
96,231


Page 7

 
FIELD OF FITNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
20,530
6,431

Other loans
9,999
9,999

Trade creditors
512
531

Corporation tax
23,411
29,416

Other taxation and social security
5,017
12,680

Other creditors
2,219
2,157

Accruals and deferred income
20,000
22,919

81,688
84,133



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
21,115
25,833

Other loans
23,333
23,333

44,448
49,166



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,774 (2022 - £2,178). Contributions totalling £555 (2022 - £1,104) were payable to the fund at the reporting date.

 
Page 8