Registered number
07901927
The Fitness Moovement Limited
Report and Accounts
31 January 2024
The Fitness Moovement Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7-9
The Fitness Moovement Limited
Company Information
Director
Troy Dureh
Accountants
Perception Accounting Limited
The Cobalt Building
1600 Eureka Park
Lower Pemberton
Ashford, Kent
TN25 4BF
Registered office
The Cobalt Building
1600 Eureka Park
Lower Pemberton
Ashford, Kent
TN25 4BF
Registered number
07901927
The Fitness Moovement Limited
Registered number: 07901927
Director's Report
The director presents his report and accounts for the year ended 31 January 2024.
Principal activities
The company's principal activity during the year continued to be that of sports and recreation education and other sports activities.
Directors
The following persons served as directors during the year:
Troy Dureh
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 29 October 2024 and signed on its behalf.
Troy Dureh
Director
The Fitness Moovement Limited
Accountants' Report
Accountants' report to the director of
The Fitness Moovement Limited
You consider that the company is exempt from an audit for the year ended 31 January 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Perception Accounting Limited
Chartered Certified Accountants
The Cobalt Building
1600 Eureka Park
Lower Pemberton
Ashford, Kent
TN25 4BF
29 October 2024
The Fitness Moovement Limited
Profit and Loss Account
for the year ended 31 January 2024
2024 2023
£ £
Turnover 29,497 65,775
Cost of sales (1,516) (14,019)
Gross profit 27,981 51,756
Administrative expenses (24,161) (74,471)
Operating profit/(loss) 3,820 (22,715)
Interest payable (1,660) (2,200)
Profit/(loss) before taxation 2,160 (24,915)
Tax on profit/(loss) (496) 4,734
Profit/(loss) for the financial year 1,664 (20,181)
The Fitness Moovement Limited
Registered number: 07901927
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,034 10,057
Current assets
Debtors 4 122,317 86,422
Cash at bank and in hand 354 -
122,671 86,422
Creditors: amounts falling due within one year 5 (229,762) (203,085)
Net current liabilities (107,091) (116,663)
Total assets less current liabilities (98,057) (106,606)
Creditors: amounts falling due after more than one year 6 (55,840) (48,956)
Net liabilities (153,897) (155,562)
Capital and reserves
Called up share capital 100 100
Profit and loss account (153,997) (155,662)
Shareholder's funds (153,897) (155,562)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Troy Dureh
Director
Approved by the board on 29 October 2024
The Fitness Moovement Limited
Statement of Changes in Equity
for the year ended 31 January 2024
Share Profit Total
capital and loss
account
£ £ £
At 1 February 2022 100 (135,481) (135,381)
Loss for the financial year (20,181) (20,181)
At 31 January 2023 100 (155,662) (155,562)
At 1 February 2023 100 (155,662) (155,562)
Profit for the financial year 1,665 1,665
At 31 January 2024 100 (153,997) (153,897)
The Fitness Moovement Limited
Notes to the Accounts
for the year ended 31 January 2024
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Computer Equipment over 3 years
Fittings & Fixtures over 5 years
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 February 2023 25,086
Additions 2,930
At 31 January 2024 28,016
Depreciation
At 1 February 2023 15,028
Charge for the year 3,954
At 31 January 2024 18,982
Net book value
At 31 January 2024 9,034
At 31 January 2023 10,058
4 Debtors 2024 2023
£ £
Trade debtors 77,690 42,878
Deferred tax asset 38,248 38,744
Other debtors 6,378 4,800
122,316 86,422
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 5,400
Trade creditors 23,290 38,397
Taxation and social security costs 8,906 8,284
Other creditors 197,566 151,005
229,762 203,086
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 55,840 48,956
7 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Troy Dureh
Directors Loan Account 41,591 (20,463) 25,964 47,092
41,591 (20,463) 25,964 47,092
The loan is unsecured, interest-free and repayable on the director's demand.
8 Loans from related parties
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Fight Klub 59,928 (42,698) 95,940 113,170
Drum & Bass Workouts Ltd 44,686 (13,419) 1,616 32,883
104,614 (56,117) 97,556 146,053
The loans are unsecured, interest-free and repayable on the company's demand.
9 Controlling party
The ultimate controlling party is that of the director who owns 100% of the share capital.
10 Other information
The Fitness Moovement Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Cobalt Building
1600 Eureka Park
Lower Pemberton
Ashford, Kent
TN25 4BF
The Fitness Moovement Limited
Detailed profit and loss account
for the year ended 31 January 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales 29,497 65,775
Cost of sales (1,516) (14,019)
Gross profit 27,981 51,756
Administrative expenses (24,161) (74,471)
Operating profit/(loss) 3,820 (22,715)
Interest payable (1,660) (2,200)
Profit/(loss) before tax 2,160 (24,915)
The Fitness Moovement Limited
Detailed profit and loss account
for the year ended 31 January 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales
Sales 29,497 65,775
Cost of sales
Purchases 1,516 14,019
Administrative expenses
Employee costs:
Director's salary 8,696 11,416
Employer's NI 162 321
Travel and subsistence 339 303
Motor expenses 2,027 8,373
Entertaining 506 -
11,730 20,413
Premises costs:
Rent (4,305) 13,440
Light and heat - 4,866
(4,305) 18,306
General administrative expenses:
Telephone and internet 1,358 3,251
Stationery and printing 287 300
Subscriptions 148 30
Bank charges 111 409
Insurance 54 1,266
Software 2,916 1,907
Repairs and maintenance 355 12,357
Depreciation 3,953 2,765
Sundry expenses 32 -
9,214 22,285
Legal and professional costs:
Accountancy fees 2,965 4,404
Advertising and PR 1,353 7,383
Other legal and professional 3,204 1,680
7,522 13,467
24,161 74,471
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