Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01truefalseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13177245 2023-03-01 2024-02-29 13177245 2022-03-01 2023-02-28 13177245 2024-02-29 13177245 2023-02-28 13177245 c:Director1 2023-03-01 2024-02-29 13177245 d:OfficeEquipment 2023-03-01 2024-02-29 13177245 d:OfficeEquipment 2024-02-29 13177245 d:OfficeEquipment 2023-02-28 13177245 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13177245 d:CurrentFinancialInstruments 2024-02-29 13177245 d:CurrentFinancialInstruments 2023-02-28 13177245 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13177245 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13177245 d:ShareCapital 2024-02-29 13177245 d:ShareCapital 2023-02-28 13177245 d:RetainedEarningsAccumulatedLosses 2024-02-29 13177245 d:RetainedEarningsAccumulatedLosses 2023-02-28 13177245 c:FRS102 2023-03-01 2024-02-29 13177245 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13177245 c:FullAccounts 2023-03-01 2024-02-29 13177245 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13177245 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 13177245










FIT FOR DUTY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
FIT FOR DUTY LIMITED
REGISTERED NUMBER: 13177245

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
2,686
3,160

  
2,686
3,160

Current assets
  

Stocks
  
18,531
18,650

Cash at bank and in hand
  
370
-

  
18,901
18,650

Creditors: amounts falling due within one year
 6 
(60,250)
(50,251)

Net current liabilities
  
 
 
(41,349)
 
 
(31,601)

Total assets less current liabilities
  
(38,663)
(28,441)

  

Net liabilities
  
(38,663)
(28,441)


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
(38,863)
(28,641)

  
(38,663)
(28,441)


Page 1

 
FIT FOR DUTY LIMITED
REGISTERED NUMBER: 13177245

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 November 2024.




Ryan John Yeomans
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FIT FOR DUTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Fit For Duty Ltd is a limited company incorporated in England and Wales. The Registered Office is 19 Waarem Avenue, Canvey Island, SS8 9DS. The Registered Number is 13177245.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The excess of liabilities over assets at the balance sheet date amounting to £38,663 includes £57,404 owed to the company director. The going concern basis for the preperation of the financial statements is dependent upon the continued support of the company's director.
The director has continued to support the company and he is of the opinion that the
financial statements should be prepared on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
FIT FOR DUTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
15%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of
Page 4

 
FIT FOR DUTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2023
3,200



At 29 February 2024

3,200



Depreciation


At 1 March 2023
40


Charge for the year on owned assets
474



At 29 February 2024

514



Net book value



At 29 February 2024
2,686



At 28 February 2023
3,160


5.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
370
-

Less: bank overdrafts
-
(246)

370
(246)


Page 5

 
FIT FOR DUTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank overdrafts
-
246

Trade creditors
2,533
1,561

Other creditors
57,717
48,444

60,250
50,251



Page 6