Acorah Software Products - Accounts Production 14.6.300 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11494188 Mr Fraser John Cornwell Smith Mr Silvio BRACONE Mr Silvio Bracone true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11494188 2022-12-31 11494188 2023-12-31 11494188 2023-01-01 2023-12-31 11494188 frs-core:CurrentFinancialInstruments 2023-12-31 11494188 frs-core:ComputerEquipment 2023-12-31 11494188 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11494188 frs-core:ComputerEquipment 2022-12-31 11494188 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11494188 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11494188 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 11494188 frs-core:OtherResidualIntangibleAssets 2023-12-31 11494188 frs-core:OtherResidualIntangibleAssets 2022-12-31 11494188 frs-core:PlantMachinery 2023-12-31 11494188 frs-core:PlantMachinery 2023-01-01 2023-12-31 11494188 frs-core:PlantMachinery 2022-12-31 11494188 frs-core:ShareCapital 2023-12-31 11494188 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11494188 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11494188 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11494188 frs-bus:SmallEntities 2023-01-01 2023-12-31 11494188 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11494188 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11494188 1 2023-01-01 2023-12-31 11494188 frs-bus:Director1 2023-01-01 2023-12-31 11494188 frs-bus:Director1 2022-12-31 11494188 frs-bus:Director1 2023-12-31 11494188 frs-bus:Director2 2023-01-01 2023-12-31 11494188 frs-core:CurrentFinancialInstruments 1 2023-12-31 11494188 frs-core:CurrentFinancialInstruments 3 2023-12-31 11494188 frs-core:CurrentFinancialInstruments 4 2023-12-31 11494188 frs-core:CurrentFinancialInstruments 5 2023-12-31 11494188 frs-countries:EnglandWales 2023-01-01 2023-12-31 11494188 2021-12-31 11494188 2022-12-31 11494188 2022-01-01 2022-12-31 11494188 frs-core:CurrentFinancialInstruments 2022-12-31 11494188 frs-core:ShareCapital 2022-12-31 11494188 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11494188 frs-core:CurrentFinancialInstruments 1 2022-12-31 11494188 frs-core:CurrentFinancialInstruments 3 2022-12-31 11494188 frs-core:CurrentFinancialInstruments 4 2022-12-31 11494188 frs-core:CurrentFinancialInstruments 5 2022-12-31
Registered number: 11494188
F&S Fitness Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11494188
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 900 900
Tangible Assets 4 118,281 143,561
119,181 144,461
CURRENT ASSETS
Debtors 5 15,905 20,000
Investments 6 37,600 35,000
Cash at bank and in hand 17,137 10,406
70,642 65,406
Creditors: Amounts Falling Due Within One Year 7 (434,184 ) (408,695 )
NET CURRENT ASSETS (LIABILITIES) (363,542 ) (343,289 )
TOTAL ASSETS LESS CURRENT LIABILITIES (244,361 ) (198,828 )
NET LIABILITIES (244,361 ) (198,828 )
CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Profit and Loss Account (246,361 ) (200,828 )
SHAREHOLDERS' FUNDS (244,361) (198,828)
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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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Silvio BRACONE
Director
17/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 9 Years of life SLM
Plant & Machinery 25% SLM
Office Equipment 25% SLM
1.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2022: 5)
7 5
3. Intangible Assets
Other
£
Cost
As at 1 January 2023 900
As at 31 December 2023 900
Net Book Value
As at 31 December 2023 900
As at 1 January 2023 900
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Office Equipment Total
£ £ £ £
Cost
As at 1 January 2023 147,326 61,312 8,737 217,375
Additions - 8,572 1,336 9,908
As at 31 December 2023 147,326 69,884 10,073 227,283
Depreciation
As at 1 January 2023 31,632 36,888 5,294 73,814
Provided during the period 16,370 16,651 2,167 35,188
As at 31 December 2023 48,002 53,539 7,461 109,002
Net Book Value
As at 31 December 2023 99,324 16,345 2,612 118,281
As at 1 January 2023 115,694 24,424 3,443 143,561
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 1,268
Prepayments and accrued income 15,502 18,719
VAT - 13
Net wages 403 -
15,905 20,000
6. Current Asset Investments
2023 2022
£ £
Short term deposits 37,600 35,000
37,600 35,000
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 17,467 23,322
Bank loans and overdrafts 156,981 152,453
Other taxes and social security 4,645 4,167
VAT 9,870 -
Directors' loan accounts 210,281 203,753
Loan - Judith A Smith 5,000 5,000
Loan - Kidner Alastair 20,000 20,000
Loan - John Howell 9,940 -
434,184 408,695
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,000 2,000
9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Silvio BRACONE 203,753 - 6,528 - 210,281
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Silvio Bracone by virtue of his ownership of more than 50% but less than 75 % of the issued share capital in the company.
11. General Information
F&S Fitness Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11494188 . The registered office is 19 The Circle , Queen Elizabeth Street, London, SE1 2JE.
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