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Logo On Report
Registered Number: 10200205
England and Wales

 

 

 

FITBOX CHORLEY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Fitbox Chorley Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fitbox Chorley Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of Fitbox Chorley Limited , as a body, in accordance with the terms of our engagement letter dated 16 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of Fitbox Chorley Limited and state those matters that we have agreed to state to the Board of Directors of Fitbox Chorley Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fitbox Chorley Limited and its Board of Directors as a body for our work or for this report
It is your duty to ensure that Fitbox Chorley Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit Fitbox Chorley Limited. You consider that Fitbox Chorley Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Fitbox Chorley Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Rivington Accounts Ltd
Bank House
6-8 Church Street
Adlington
Lancashire
PR7 4EX
16 August 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 6,059    6,676 
Tangible fixed assets 4 39,302    51,802 
45,361    58,478 
Current assets      
Cash at bank and in hand 33,206    10,962 
Creditors: amount falling due within one year (53,905)   (50,214)
Net current assets (20,699)   (39,252)
 
Total assets less current liabilities 24,662    19,226 
Creditors: amount falling due after more than one year (4,817)   (8,217)
Provisions for liabilities (9,586)  
Net assets 10,259    11,009 
 

Capital and reserves
     
Called up share capital 5 1    1 
Profit and loss account 10,258    11,008 
Shareholders' funds 10,259    11,009 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 16 August 2024 and were signed by:


-------------------------------
Nicholas Jones
Director
2
General Information
Fitbox Chorley Limited is a private company, limited by shares, registered in England and Wales, registration number 10200205, registration address Unit 3J, Eaton Point, Matrix Park, Chorley, Lancashire, PR7 7NA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 5 Years Straight Line
Computer Equipment 5 Years Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 3).
3.

Intangible fixed assets

Cost Website   Total
  £   £
At 01 April 2023 10,049    10,049 
Additions 1,650    1,650 
Disposals  
At 31 March 2024 11,699    11,699 
Amortisation
At 01 April 2023 3,373    3,373 
Charge for year 2,267    2,267 
On disposals  
At 31 March 2024 5,640    5,640 
Net book values
At 31 March 2024 6,059    6,059 
At 31 March 2023 6,676    6,676 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Improvements to property   Total
  £   £   £   £
At 01 April 2023 78,525    1,582    8,782    88,889 
Additions 8,743        8,743 
Disposals (5,091)       (5,091)
At 31 March 2024 82,177    1,582    8,782    92,541 
Depreciation
At 01 April 2023 34,995    930    1,162    37,087 
Charge for year 15,350    217    585    16,152 
On disposals      
At 31 March 2024 50,345    1,147    1,747    53,239 
Net book values
Closing balance as at 31 March 2024 31,832    435    7,035    39,302 
Opening balance as at 01 April 2023 43,530    652    7,620    51,802 

The net book value of Improvements to property includes £ 7,035 (2023 £7,620) in respect of assets leased under finance leases or hire purchase contracts.

5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

3