Registered number
13839451
Living in Fitness Ltd
Unaudited Filleted Accounts
31 January 2024
Living in Fitness Ltd
Registered number: 13839451
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 7,380 9,840
Tangible assets 4 303 321
7,683 10,161
Current assets
Cash at bank and in hand 176 13,731
Creditors: amounts falling due within one year 5 (5,485) (10,512)
Net current (liabilities)/assets (5,309) 3,219
Net assets 2,374 13,380
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,373 13,379
Shareholder's funds 2,374 13,380
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.
Mr Carl Davis
Director
Approved by the board on 31 October 2024
Living in Fitness Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets are measured at cost less cumulative amortisation and any cumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative 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 25% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 12,300
At 31 January 2024 12,300
Amortisation
At 1 February 2023 2,460
Provided during the year 2,460
At 31 January 2024 4,920
Net book value
At 31 January 2024 7,380
At 31 January 2023 9,840
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 340
At 31 January 2024 340
Depreciation
At 1 February 2023 19
Charge for the year 18
At 31 January 2024 37
Net book value
At 31 January 2024 303
At 31 January 2023 321
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,262 -
Corporation tax 1,973 4,099
Other creditors 2,250 6,413
5,485 10,512
6 Other information
Living in Fitness Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10 Janaway
Littlemore
Oxford OX4 4SY
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