1 August 2023 false No description of principal activity Taxfiler 2024.6 10854631business:PrivateLimitedCompanyLtd2023-08-012024-07-31 108546312023-07-31 108546312023-08-012024-07-31 10854631business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 10854631business:FilletedAccounts2023-08-012024-07-31 108546312024-07-31 10854631business:Director12023-08-012024-07-31 10854631business:RegisteredOffice2023-08-012024-07-31 108546312023-07-31 10854631core:WithinOneYear2024-07-31 10854631core:WithinOneYear2023-07-31 10854631core:AfterOneYear2024-07-31 10854631core:AfterOneYear2023-07-31 10854631core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 10854631core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10854631core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 10854631core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10854631core:PreviouslyStatedAmount2024-07-31 10854631core:PreviouslyStatedAmount2023-07-31 10854631business:SmallEntities2023-08-012024-07-31 10854631countries:EnglandWales2023-08-012024-07-31 10854631core:FurnitureFittings2023-08-012024-07-31 10854631core:FurnitureFittings2023-07-31 10854631core:FurnitureFittings2024-07-31 108546312022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10854631 (England and Wales)
FIT&CO LIMITED Unaudited accounts for the year ended 31 July 2024
FIT&CO LIMITED Unaudited accounts Contents
Page
- 2 -
FIT&CO LIMITED Company Information for the year ended 31 July 2024
Director
Olukemi Adegbola
Company Number
10854631 (England and Wales)
Registered Office
24 ACOMB GARDENS NEWCASTLE UPON TYNE NE5 2RY ENGLAND
Accountants
Avinu Consulting Limited 85 Great Portland Street London W1W 7LT
- 3 -
FIT&CO LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
664 
- 
Investment property
217,857 
217,857 
218,521 
217,857 
Current assets
Debtors
2,325 
925 
Cash at bank and in hand
2,820 
3,620 
5,145 
4,545 
Creditors: amounts falling due within one year
(643)
(4,274)
Net current assets
4,502 
271 
Total assets less current liabilities
223,023 
218,128 
Creditors: amounts falling due after more than one year
(220,007)
(216,812)
Net assets
3,016 
1,316 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
2,016 
316 
Shareholders' funds
3,016 
1,316 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2024 and were signed on its behalf by
Olukemi Adegbola Director Company Registration No. 10854631
- 4 -
FIT&CO LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
FIT&CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10854631. The registered office is 24 ACOMB GARDENS, NEWCASTLE UPON TYNE, NE5 2RY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
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:
Fixtures & fittings
20%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2023
- 
Additions
806 
At 31 July 2024
806 
Depreciation
Charge for the year
142 
At 31 July 2024
142 
Net book value
At 31 July 2024
664 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
217,857 
At 31 July 2024
217,857 
- 5 -
FIT&CO LIMITED Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
2,325 
925 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
243 
74 
Other creditors
- 
3,900 
Accruals
400 
300 
643 
4,274 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
220,007 
216,812 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -