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REGISTERED NUMBER: 10991419 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

FEET IN MOTION FRANCHISING LIMITED

FEET IN MOTION FRANCHISING LIMITED (REGISTERED NUMBER: 10991419)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


FEET IN MOTION FRANCHISING LIMITED (REGISTERED NUMBER: 10991419)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,148 4,793

CURRENT ASSETS
Stocks 2,084 2,818
Debtors 5 66,345 50,006
Cash at bank 11,025 1,586
79,454 54,410
CREDITORS
Amounts falling due within one year 6 16,753 13,728
NET CURRENT ASSETS 62,701 40,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,849

45,475

CREDITORS
Amounts falling due after more than one year 7 (23,121 ) -

PROVISIONS FOR LIABILITIES (3,013 ) -
NET ASSETS 70,715 45,475

CAPITAL AND RESERVES
Called up share capital 9 65 65
Retained earnings 70,650 45,410
SHAREHOLDERS' FUNDS 70,715 45,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2024 and were signed by:





Mrs C Wilton - Director


FEET IN MOTION FRANCHISING LIMITED (REGISTERED NUMBER: 10991419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Feet In Motion Franchising Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10991419

Registered office: Ground Floor
The Windmill Surgery
London Road
Wymondham
Norfolk
NR18 0AF

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

FEET IN MOTION FRANCHISING LIMITED (REGISTERED NUMBER: 10991419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 7,730
Additions 32,453
At 31 August 2023 40,183
DEPRECIATION
At 1 September 2022 2,937
Charge for year 3,098
At 31 August 2023 6,035
NET BOOK VALUE
At 31 August 2023 34,148
At 31 August 2022 4,793

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 31,187
At 31 August 2023 31,187
DEPRECIATION
Charge for year 1,850
At 31 August 2023 1,850
NET BOOK VALUE
At 31 August 2023 29,337

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,375 1,154
Other debtors 63,970 48,852
66,345 50,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,920
Hire purchase contracts 4,903 -
Taxation and social security 6,963 7,460
Other creditors 4,887 4,348
16,753 13,728

FEET IN MOTION FRANCHISING LIMITED (REGISTERED NUMBER: 10991419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 23,121 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 28,024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
39 Ordinary A £1 39 39
26 Ordinary B £1 26 26
65 65

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs C Wilton.