FIT KIDZ CIC

Company limited by guarantee

Company Registration Number:
11993720 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

FIT KIDZ CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FIT KIDZ CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,531 2,879
Total fixed assets: 2,531 2,879
Creditors: amounts falling due within one year: 5 ( 10,636 ) ( 6,092 )
Net current assets (liabilities): (10,636) (5,046)
Total assets less current liabilities: (8,105) ( 2,167)
Provision for liabilities: ( 462 )
Total net assets (liabilities): (8,567) (2,167)
Members' funds
Profit and loss account: (8,567) ( 2,167)
Total members' funds: ( 8,567) (2,167)

The notes form part of these financial statements

FIT KIDZ CIC

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 October 2024
and signed on behalf of the board by:

Name: Christopher Bull
Status: Director

The notes form part of these financial statements

FIT KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Motor vehicles 25% Reducing balance Computer equipment 25% Reducing balance

    Other accounting policies

    Financial instruments Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

FIT KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

FIT KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 0 9,102 9,102
Additions 496 496
Disposals
Revaluations
Transfers
At 31 May 2024 496 9,102 9,598
Depreciation
At 1 June 2023 0 6,223 6,223
Charge for year 124 720 844
On disposals
Other adjustments
At 31 May 2024 124 6,943 7,067
Net book value
At 31 May 2024 372 2,159 2,531
At 31 May 2023 0 2,879 2,879

FIT KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 864
Total   864

FIT KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 9,885 5,340
Accruals and deferred income 750 750
Other creditors 1 2
Total 10,636 6,092

COMMUNITY INTEREST ANNUAL REPORT

FIT KIDZ CIC

Company Number: 11993720 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

We have been running two school programs called Fit Kidz GO! (for Y3 and Y4 children ages 7-9 years) and Fit Kidz ROW! (for Y6 children 10-11 years) in primary schools across Stevenage and surrounding villages, funded by Stevenage Sporting Futures. We have worked in 26 different schools and taught over 2000 children, taking over their PE lessons with a 1-hour functional fitness program using equipment not readily available other than in gyms and other fitness premises (Fit Kidz GO!), and with Concept 2 Rowing Machines (Fit Kidz ROW!). A number of these schools have also contracted our services out of their own budget to run physical activity programs for various year groups. We’ve also run similar early mornings and after-school clubs for four of these schools. Two schools visited within the Fit Kidz GO! program were for children with learning or physical disabilities. We take referrals from Future Youth Inspired (FYI) to help deliver specialist mentoring services to some of the most vulnerable young people and their families through a relationship-based and multi-agency approach. We support families to get back on track through relationship-based mentoring. The young people are also enrolled on to the Duke of Edinburgh Award, while engaging in enrichment activities. This enables young people to work towards and gain nationwide certificates during the mentoring support package. FYI also offer various bespoke education options with the aim to support young people with transition back to their on-roll school with specialist mentors involved with the process, such as myself. And on the back of this, we have received a referral directly from a school / parent to work with a young person. On the adult side of the business, we run a regular Sunday morning outdoor bootcamp specifically for those looking to slim / lose weight. Alongside this, we have worked with several individuals, both young and old, running personal training sessions. Finally, we also run Superhero Parties for children, dressing up as either Spider-Man or Batman, doing superhero training and playing games with the children either in community venues or via home visits.

Consultation with stakeholders

The company's stakeholders are predominantly residents of all ages in Stevenage and surrounding villages, but we also work with some residents in Watford, St Albans, and Harpenden. The company director has lived in Stevenage since 2004 and had worked (and still works) in a large local gym before embarking on Fit Kidz CIC. This has helped to develop a business model based on their experience around amenities, resource and availability across the local community for fun and rewarding physical activities aimed at addressing the obesity epidemic and the lack of physical activity for children across schools. We have more recently embarked on delivering mentoring and life skills sessions for young adults (and their families) with varying degrees of disability (ASD, ADHD, anxiety issues, etc). For some of these young people, this can include taking them to various education provisions, primarily due to their lack of school attendance. We regularly ask for feedback from all parties, initially verbally both before and after attending sessions, as well as via our online feedback form and an online testimonial form. School teachers and heads are actively encouraged to engage in our school physical activity sessions and will feedback via Stevenage Sporting Futures. Furthermore, we regularly engage with parents, families and education staff to gain feedback around our mentoring sessions to understand how the service is benefitting the young person in question and their wider direct family. Feedback, whether positive or negative, helps us to refine and improve our programs, sessions and services, and improve engagement across all genres (ages, abilities, genders, etc).

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £33,304. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 October 2024

And signed on behalf of the board by:
Name: Christopher Bull
Status: Director