Registered number
13338243
RE-FIT SOUTH LTD
Filleted Accounts
30 April 2024
RE-FIT SOUTH LTD
Registered number: 13338243
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,697 12,996
Current assets
Debtors 4 7,377 105,734
Cash at bank and in hand 114,302 13,565
121,679 119,299
Creditors: amounts falling due within one year 5 (97,930) (89,608)
Net current assets 23,749 29,691
Net assets 35,446 42,687
Capital and reserves
Called up share capital 1 1
Profit and loss account 35,445 42,686
Shareholder's funds 35,446 42,687
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christian Sutherland
Director
Approved by the board on 10 January 2025
RE-FIT SOUTH LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% reducing balalnce
Motor vehicles 10% reducing balalnce
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 3,250 12,795 16,045
At 30 April 2024 3,250 12,795 16,045
Depreciation
At 1 May 2023 618 2,431 3,049
Charge for the year 263 1,036 1,299
At 30 April 2024 881 3,467 4,348
Net book value
At 30 April 2024 2,369 9,328 11,697
At 30 April 2023 2,632 10,364 12,996
4 Debtors 2024 2023
£ £
Trade debtors 7,377 101,836
Other debtors - 3,898
7,377 105,734
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 14,574 -
Directors loan account 76,910 82,206
Corporation Tax (1,159) 8,031
Taxation and social security costs 3,749 1,863
Value Added Tax 2,856 (3,492)
Other creditors 1,000 1,000
97,930 89,608
6 Other information
RE-FIT SOUTH LTD is a private company limited by shares and incorporated in England.
11 Shorefield Way
Milford on Sea
Lymington
SO41 0RW
RE-FIT SOUTH LTD 13338243 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2024 Christian Sutherland No description of principal activity 13338243 2022-05-01 2023-04-30 13338243 core:WithinOneYear 2023-04-30 13338243 core:ShareCapital 2023-04-30 13338243 core:RetainedEarningsAccumulatedLosses 2023-04-30 13338243 2023-05-01 2024-04-30 13338243 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13338243 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13338243 bus:Director40 2023-05-01 2024-04-30 13338243 core:PlantMachinery 2023-05-01 2024-04-30 13338243 core:Vehicles 2023-05-01 2024-04-30 13338243 countries:England 2023-05-01 2024-04-30 13338243 bus:FRS102 2023-05-01 2024-04-30 13338243 bus:FilletedAccounts 2023-05-01 2024-04-30 13338243 2024-04-30 13338243 core:WithinOneYear 2024-04-30 13338243 core:ShareCapital 2024-04-30 13338243 core:RetainedEarningsAccumulatedLosses 2024-04-30 13338243 core:PlantMachinery 2024-04-30 13338243 core:Vehicles 2024-04-30 13338243 2023-04-30 13338243 core:PlantMachinery 2023-04-30 13338243 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure