2023-04-01 10816417 2024-03-31 10816417 2023-04-01 2024-03-31 10816417 2023-03-31 10816417 2022-04-01 2023-03-31 10816417 uk-core:WithinOneYear 2023-03-31 10816417 uk-core:WithinOneYear 2024-03-31 10816417 uk-core:AfterOneYear 2023-03-31 10816417 uk-core:AfterOneYear 2024-03-31 10816417 uk-core:ShareCapital 2024-03-31 10816417 uk-core:ShareCapital 2023-03-31 10816417 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 10816417 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 10816417 uk-bus:Director1 2023-04-01 2024-03-31 10816417 uk-core:NetGoodwill 2023-04-01 2024-03-31 10816417 uk-core:PlantMachinery 2023-04-01 2024-03-31 10816417 uk-core:OfficeEquipment 2023-04-01 2024-03-31 10816417 uk-core:Goodwill 2023-03-31 10816417 uk-core:Goodwill 2024-03-31 10816417 uk-core:OfficeEquipment 2023-03-31 10816417 uk-core:PlantMachinery 2023-03-31 10816417 uk-core:PlantMachinery 2024-03-31 10816417 uk-core:OfficeEquipment 2024-03-31 10816417 uk-core:WithinOneYear 2024-03-31 10816417 uk-core:WithinOneYear 2023-03-31 10816417 uk-core:AfterOneYear uk-core:Secured 2024-03-31 10816417 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 10816417 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10816417 uk-bus:FRS102 2023-04-01 2024-03-31 10816417 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 10816417 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
A Better Fit Ltd
Registered Number:10816417
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
A Better Fit Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
10816417
As at 31 March 2024
A Better Fit Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
1
1
2
Property, plant and equipment
1,162
673
3
1,163
674
Current assets
Trade and other receivables
1,140
1,140
4
20,631
Cash and cash equivalents
27,032
28,172
21,771
Trade and other payables: amounts falling due within one
year
(12,444)
(14,333)
5
9,327
13,839
Net current assets
Total assets less current liabilities
15,002
10,001
Trade and other payables: amounts falling due after more
than one year
(7,421)
(3,996)
6
11,006
Net assets
2,580
Capital and reserves
Called up share capital
100
100
Retained earnings
10,906
2,480
11,006
2,580
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
10816417
For the year ended 31 March 2024
A Better Fit Ltd
Statement of Financial Position Continued
Mrs M. Guaitolini Ramos Director
These financial statements were approved and authorised for issue by the Board on 02 December 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 March 2024
A Better Fit Ltd
Notes to the Financial Statements
Statutory Information
A Better Fit Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10816417.
Registered address:
169 Crookes
Sheffield
S10 1UD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
20% Reducing balance
Office Equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
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6
For the year ended 31 March 2024
A Better Fit Ltd
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
22,000
At 31 March 2024
22,000
Amortisation
At 01 April 2023
21,999
At 31 March 2024
21,999
Net book value
At 31 March 2024
1
At 31 March 2023
1
3. Property, plant and equipment
Total
Office
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 April 2023
1,506
200
1,306
699
-
699
Additions
At 31 March 2024
2,005
200
2,205
Provision for depreciation and impairment
At 01 April 2023
833
118
715
Charge for year
210
16
194
At 31 March 2024
1,043
134
909
At 31 March 2024
Net book value
1,096
66
1,162
At 31 March 2023
591
82
673
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For the year ended 31 March 2024
A Better Fit Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Other debtors
1,140
1,140
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
3,425
3,425
Taxation and social security
10,020
8,923
Other creditors
888
96
14,333
12,444
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
3,996
7,421
7. Related party transactions
The director is also a shareholder of the company. Dividends paid to Mrs M. Guaitolini Ramos, as director and
shareholder of the company, during the year (with the previous year shown in brackets) were £22,000
(£10,600).
8. Average number of persons employed
During the year the average number of employees was 1 (2023 : 3)
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