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Company Registration No. 12200807 (England and Wales)
Athlete Fit HQ Ltd Unaudited accounts for the year ended 31 December 2023
Athlete Fit HQ Ltd Unaudited accounts Contents
Page
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Athlete Fit HQ Ltd Company Information for the year ended 31 December 2023
Director
Trevor Oliver
Company Number
12200807 (England and Wales)
Registered Office
Spring Farm Winnothdale, Tean Stoke-on-Trent Staffordshire ST10 4HB United Kingdom
Accountants
Elevate Accounting Solutions Limited 14 John Bradshaw Court Alexandria Way Congleton CW12 1LB
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Athlete Fit HQ Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,726 
35,589 
Current assets
Cash at bank and in hand
- 
10,077 
Creditors: amounts falling due within one year
(5,148)
(25,625)
Net current liabilities
(5,148)
(15,548)
Total assets less current liabilities
19,578 
20,041 
Creditors: amounts falling due after more than one year
(48,879)
(61,236)
Provisions for liabilities
Deferred tax
(4,701)
(4,926)
Net liabilities
(34,002)
(46,121)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(34,004)
(46,123)
Shareholders' funds
(34,002)
(46,121)
For the year ending 31 December 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 26 February 2024 and were signed on its behalf by
Trevor Oliver Director Company Registration No. 12200807
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Athlete Fit HQ Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Athlete Fit HQ Ltd is a private company, limited by shares, registered in England and Wales, registration number 12200807. The registered office is Spring Farm, Winnothdale, Tean, Stoke-on-Trent, Staffordshire, ST10 4HB, United Kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
20%-25% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Athlete Fit HQ Ltd Notes to the Accounts for the year ended 31 December 2023
Going concern
The director has considered the impact the cost of living crisis on the principal activities of the business and believes that they have sufficient resources in place to operate for the foreseeable future, together with their continued support. On that basis, they continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
16,000 
32,554 
48,554 
Additions
- 
1,412 
1,412 
At 31 December 2023
16,000 
33,966 
49,966 
Depreciation
At 1 January 2023
1,333 
11,632 
12,965 
Charge for the year
4,000 
8,275 
12,275 
At 31 December 2023
5,333 
19,907 
25,240 
Net book value
At 31 December 2023
10,667 
14,059 
24,726 
At 31 December 2022
14,667 
20,922 
35,589 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
16,939 
17,199 
VAT
12,257 
2,738 
Obligations under finance leases and hire purchase contracts
6,856 
8,002 
Trade creditors
7,061 
4,817 
Taxes and social security
1,775 
507 
Other creditors
48 
- 
Loans from directors
(39,788)
(7,947)
Accruals
- 
309 
5,148 
25,625 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
43,080 
49,548 
Obligations under finance leases and hire purchase contracts
5,799 
11,688 
48,879 
61,236 
7
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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