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LAGOM FIT LTD

Registered Number
11953071
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

LAGOM FIT LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

ODELL, Martyn Wade

Registered Address

Studio 4 224 Shoreditch High Street
London
E1 6PJ

Registered Number

11953071 (England and Wales)
LAGOM FIT LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,9014,265
1,9014,265
Current assets
Debtors60,0009,962
Current asset investments415,000-
Cash at bank and on hand113,72089,255
188,72099,217
Creditors amounts falling due within one year5(45,795)(23,583)
Net current assets (liabilities)142,92575,634
Total assets less current liabilities144,82679,899
Creditors amounts falling due after one year6(22,536)(30,833)
Net assets122,29049,066
Capital and reserves
Profit and loss account122,29049,066
Shareholders' funds122,29049,066
The financial statements were approved and authorised for issue by the Director on 2 September 2024, and are signed on its behalf by:
ODELL, Martyn Wade
Director
Registered Company No. 11953071
LAGOM FIT LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 May 237,5917,591
Disposals(1,577)(1,577)
At 30 April 246,0146,014
Depreciation and impairment
At 01 May 233,3263,326
Charge for year787787
At 30 April 244,1134,113
Net book value
At 30 April 241,9011,901
At 30 April 234,2654,265
4.Current asset investments
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9951,360
Taxation and social security41,20421,315
Other creditors2,876188
Accrued liabilities and deferred income720720
Total45,79523,583
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts22,53630,833
Total22,53630,833