Registered number
09261362
(England & Wales)
Fit Capital Ltd
Directors' report and financial statements
31 October 2023
Fit Capital Ltd
Registered number: 09261362
Directors' report
The director presents his report and the financial statements for the year ended 31.10.2023
Principal activities
The company's principal activity during the year under review was that of an investment holding.
Directors
The following persons served as directors during the year:
Hollyman Susan Mary
Statement of Director's responsibilities
Director's responsibilities for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under the law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standarts and applicable law). The financial statements are required by law to give a true and fair view of the state of the affairs of the company and of the profit or loss of the company for that year.
In preparing these financial statements the directors are required to:
select suitable accounting policies and apply them consistently;
make judgments and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonble steps for the prevention and detection of fraud other irregularities.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 14.10.2024 and signed on its behalf by:
Hollyman Susan Mary
Director
Fit Capital Ltd
Statement of comprehensive income
for the year ended 31.10.2023
Notes 2023 2022
$ $
Turnover 33 31
Direct Expenses (130,755) (3,082)
Administrative expenses (127,792) (460,886)
Other operating income 147,445 357,223
Operating profit (111,069) (106,714)
Profit on ordinary activities before finance charges (111,069) (106,714)
Interest receivable 112,304 62,668
Interest payable (75,160)
Profit on ordinary activities before taxation 1,235 (119,206)
Tax on profit on ordinary activities
Profit for the financial year 1,235 (119,206)
Other comprehensive income for the year
Total comprehensive income for the year
'Notes' designate corresponding entries in the Detailed Income Statement
Fit Capital Ltd
Registered number: 09261362
Statement of financial position
as at 31.10.2023
Notes 2023 2023 2022 2022
$ $ $ $
Fixed assets
Investments 116,760 116,760
116,760 116,760
Current assets
Debtors 3 4,181,451 4,012,055
Stocks 108204 115794
Cash at bank and in hand 26,313 41,133
4,315,968 4,168,982
Creditors: amounts falling due within one year 4 (2,284,856) (2,136,815)
Net current assets 2,031,112 2,032,167
Total assets less current liabilities 2,147,872 2,148,927
Creditors: amounts falling due after more than one year 5 (2,361,596) (2,363,886)
Net liabilities (213,724) (214,959)
Capital and reserves
Called up share capital 1,609 1,609
Reserve&Surplus 5,680 5,680
Profit and loss account (221,013) (222,248)
Shareholders' funds (213,724) (214,959)
a. For the year ending 31 th October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to the small companies regime.
b. The members have not required the company to obtain an audit of in accordance with section 476 of the Companies Act 2006.
c. The directors acknowledge their responsibilities under the Companies Act 2006 for:
(1) Ensuring the company keeps accounting records which comply with Section 386; and
(2) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
d. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
0
Hollynan Susan Mary
Director
Approved by the board on 14.10.2024
Fit Capital Ltd
Notes to the financial statements
for the year ended 31.10.2023
1 Statement of compliance
These financial statements have been prepeared under the historical cost convention and in accordance with the provisions of FRS 102, Section 1A, "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
1 Accounting policies
Basis of preparation
The Financial Statements have been prepared under the historical cost basis.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Group accounts
The company is entitled to the exemption under section 405 (2) of the Companies Act 2006 from the
obligation to prepare group accounts and the amended section 479 of Companies Act 2006.
3 Debtors 2023 2022
$ $
Other debtors 4,181,451 4,012,055
4,181,451 4,012,055
4 Creditors: amounts falling due within one year 2023 2022
$ $
Other creditors 2,284,856 2,136,815
2,284,856 2,136,815
5 Creditors: amounts falling due after one year 2023 2022
$ $
Other creditors 2,361,596 2,363,886
2,361,596 2,363,886
6 Average Number of employees
Average Number of employees during the year was 0
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