REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
for |
Get Fitt Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
for |
Get Fitt Limited |
Get Fitt Limited (Registered number: 05285105) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Get Fitt Limited |
Company Information |
for the Year Ended 30 April 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
34 Romanby Road |
NORTHALLERTON |
North Yorkshire |
DL7 8NF |
Get Fitt Limited (Registered number: 05285105) |
Abridged Balance Sheet |
30 April 2024 |
2024 | 2023 |
(Restated) |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
Get Fitt Limited (Registered number: 05285105) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Get Fitt Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Going concern |
The financial statements have been prepared on a going concern basis. |
This assumes that the company will continues in operational existence for the foreseeable future having adequate funds to meet its liabilities as they fall due. |
The Directors have carefully considered these risks facing the business, including an assessment of uncertainty of future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. |
The Directors consider this basis to be appropriate, as the continued provision of adequate facilities by the company's directors, banker and other creditors is expected to be forthcoming. |
Get Fitt Limited (Registered number: 05285105) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
(Restated) |
£ | £ |
Other debtors |
6. | FINANCIAL COMMITMENTS |
The company contributes to the personal pension policy of certain employees. The pension cost charge for the year amounted to £4,734 (2023 - £2,989). At the balance sheet date unpaid contributions of £782 (2023 - £713) were due. |
7. | GOING CONCERN |
The directors have confirmed that he will not seek repayment of the directors loan account until sufficient funds are available within the company. |
8. | FIRST YEAR ADOPTION |
This is the first financial year that the company has presented its financial statements in accordance with section 1A of FRS 102 'The Financial Reporting Framework Applicable in the UK and Republic of Ireland.' For financial years up to and including the period ended 30 April 2023 the company prepared its financial statements in accordance with the micro entity provision of FRS 105. |
The company's date of transition is therefore 1 May 2022. The only material difference between the company's opening equity position as at 1 May 2022 as restated under FRS 102 and its previously published financial statements for the year ended 30 April 2023 is recoginition of a deferred tax asset. |
£ |
Capital and reserves at 1.5.2022 | (59,277 | ) |
Deferred tax asset recognised | 5,760 |
Restated capital and reserves at 1.5.2022 | (53,517 | ) |
Capital and reserves at 30.4.2023 | (82,590 | ) |
Deferred tax asset recognised | 9,948 |
Restated capital and reserves at 30.4.2023 | (72,642 | ) |