Company Registration No. 10722568 (England and Wales)
Kevid Fitness Limited
Unaudited accounts
for the year ended 30 April 2024
Kevid Fitness Limited
Statement of financial position
as at 30 April 2024
Intangible assets
32,915
12,915
Tangible assets
597,937
646,991
Cash at bank and in hand
916,905
534,626
Creditors: amounts falling due within one year
(588,998)
(456,793)
Net current assets
413,413
132,292
Total assets less current liabilities
1,044,265
792,198
Creditors: amounts falling due after more than one year
(551,637)
(589,547)
Net assets
492,628
202,651
Called up share capital
100
100
Profit and loss account
492,528
202,551
Shareholders' funds
492,628
202,651
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
K Barry
Director
Company Registration No. 10722568
Kevid Fitness Limited
Notes to the Accounts
for the year ended 30 April 2024
Kevid Fitness Limited is a private company, limited by shares, registered in England and Wales, registration number 10722568. The registered office is 32 New Park Road, LONDON, SW2 4UN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
Over term of lease
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Kevid Fitness Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Other
Charge for the year
10,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
682,461
364,624
3,594
1,050,679
Additions
13,323
149,046
-
162,369
Disposals
-
(145,686)
-
(145,686)
At 30 April 2024
695,784
367,984
3,594
1,067,362
At 1 May 2023
196,998
203,617
3,073
403,688
Charge for the year
69,577
136,104
511
206,192
On disposals
-
(140,455)
-
(140,455)
At 30 April 2024
266,575
199,266
3,584
469,425
At 30 April 2024
429,209
168,718
10
597,937
At 30 April 2023
485,463
161,007
521
646,991
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Land and buildings
162,814
187,236
- Plant & machinery
127,568
124,685
Amounts falling due within one year
Trade debtors
32,999
14,748
Accrued income and prepayments
14,483
13,009
Other debtors
38,024
26,702
Kevid Fitness Limited
Notes to the Accounts
for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
97,876
109,191
Trade creditors
82,200
73,163
Taxes and social security
172,754
83,558
Other creditors
11,756
7,983
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
168,026
196,897
Other creditors
383,611
392,650
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Operating lease commitments
2024
2023
At 30 April 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
43,767
Later than one year and not later than five years
401,042
-
Later than five years
571,058
682,899
11
Average number of employees
During the year the average number of employees was 7 (2023: 6).