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REGISTERED NUMBER: 07133408 (England and Wales)












Spirit Fit Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






Spirit Fit Limited (Registered number: 07133408)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Spirit Fit Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: C Parks





REGISTERED OFFICE: 12 Ambleside
Aylesbury
Buckinghamshire
HP21 9TS





REGISTERED NUMBER: 07133408 (England and Wales)






Spirit Fit Limited (Registered number: 07133408)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,214 1,618

CURRENT ASSETS
Stocks 19,511 25,718

CREDITORS
Amounts falling due within one
year

5

19,286

21,039
NET CURRENT ASSETS 225 4,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,439

6,297

PROVISIONS FOR LIABILITIES 6 231 307
NET ASSETS 1,208 5,990

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,108 5,890
SHAREHOLDERS' FUNDS 1,208 5,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Spirit Fit Limited (Registered number: 07133408)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2024 and were signed by:





C Parks - Director


Spirit Fit Limited (Registered number: 07133408)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Spirit Fit Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Computer equipment - 33.33% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Spirit Fit Limited (Registered number: 07133408)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 6,796 1,960 2,060 10,816
DEPRECIATION
At 1 February 2023 5,362 1,776 2,060 9,198
Charge for year 358 46 - 404
At 31 January 2024 5,720 1,822 2,060 9,602
NET BOOK VALUE
At 31 January 2024 1,076 138 - 1,214
At 31 January 2023 1,434 184 - 1,618

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,764 11,622
Taxation and social security 7,007 8,875
Other creditors 515 542
19,286 21,039

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 231 307

Deferred
tax
£   
Balance at 1 February 2023 307
Provided during year (76 )
Movement during year
Balance at 31 January 2024 231