Registered number
04988440
Fitness 2 U Limited
Filleted Accounts
31 December 2023
Fitness 2 U Limited
Registered number: 04988440
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,467 15,452
Current assets
Debtors 4 4,532 3,374
Creditors: amounts falling due within one year 5 (6,387) (6,602)
Net current liabilities (1,855) (3,228)
Total assets less current liabilities 6,612 12,224
Creditors: amounts falling due after more than one year 6 (8,973) (11,521)
Net (liabilities)/assets (2,361) 703
Capital and reserves
Called up share capital 2 2
Profit and loss account (2,363) 701
Shareholders' funds (2,361) 703
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The director's report and statement of income and retained earnings have not been delivered to the Registrar of Companies.
O Moss
Director
Approved by the board on 23 September 2024
Fitness 2 U Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments is not material
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 46,661 8,237 54,898
Disposals - (8,237) (8,237)
At 31 December 2023 46,661 - 46,661
Depreciation
At 1 January 2023 36,973 2,473 39,446
Charge for the year 1,221 - 1,221
On disposals - (2,473) (2,473)
At 31 December 2023 38,194 - 38,194
Net book value
At 31 December 2023 8,467 - 8,467
At 31 December 2022 9,688 5,764 15,452
4 Debtors 2023 2022
£ £
Other debtors 4,532 3,374
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,938 2,643
Obligations under finance lease and hire purchase contracts - 2,092
Taxation and social security costs 1,601 187
Other creditors 1,848 1,680
6,387 6,602
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,973 9,906
Obligations under finance lease and hire purchase contracts - 1,615
8,973 11,521
7 Other information
Fitness 2 U Limited is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hampton Hill
TW12 1NS
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