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REGISTERED NUMBER: 11825661 (England and Wales)












WITFIT LTD

Unaudited Financial Statements

for the Year Ended 29 February 2024






WITFIT LTD (REGISTERED NUMBER: 11825661)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WITFIT LTD

Company Information
for the Year Ended 29 February 2024







Directors: S H Davis
Dr M P H Lau
Dr G Mcloughlin





Registered office: 9400 Garsington Road
Oxford Business Park
Oxford
United Kingdom
OX4 2HN





Registered number: 11825661 (England and Wales)





Accountants: Michael Price Associates Ltd
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

WITFIT LTD (REGISTERED NUMBER: 11825661)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 314 82

Current assets
Cash at bank 8,917 12,239

Creditors
Amounts falling due within one year 5 24,264 24,464
Net current liabilities (15,347 ) (12,225 )
Total assets less current liabilities (15,033 ) (12,143 )

Capital and reserves
Called up share capital 5,782 5,782
Share premium 199,218 199,218
Retained earnings (220,033 ) (217,143 )
(15,033 ) (12,143 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Dr G Mcloughlin - Director


WITFIT LTD (REGISTERED NUMBER: 11825661)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. Statutory information

Witfit Ltd 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.

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 etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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
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 by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 March 2023 328
Additions 419
At 29 February 2024 747
Depreciation
At 1 March 2023 246
Charge for year 187
At 29 February 2024 433
Net book value
At 29 February 2024 314
At 28 February 2023 82

WITFIT LTD (REGISTERED NUMBER: 11825661)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. Creditors: amounts falling due within one year
29/2/24 28/2/23
£    £   
Directors' current accounts 21,744 21,944
Accrued expenses 2,520 2,520
24,264 24,464