Company Registration No. 14890873 (England and Wales)
Weybridge Fitbox Limited
Unaudited accounts
for the period from 24 May 2023 to 31 May 2024
Weybridge Fitbox Limited
Unaudited accounts
Contents
Weybridge Fitbox Limited
Company Information
for the period from 24 May 2023 to 31 May 2024
Directors
Rhys Lewis
Samuel Buckingham
Company Number
14890873 (England and Wales)
Registered Office
77a Richmond Road
Twickenham
TW1 3AW
England
Accountants
P10 Accountancy Ltd
77A Richmond Road
Twickenham
TW1 3AW
Weybridge Fitbox Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
13,211
Creditors: amounts falling due within one year
(16,273)
Called up share capital
100
Profit and loss account
2,839
For the period ending 31 May 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 14 February 2025 and were signed on its behalf by
Rhys Lewis
Director
Company Registration No. 14890873
Weybridge Fitbox Limited
Notes to the Accounts
for the period from 24 May 2023 to 31 May 2024
Weybridge Fitbox Limited is a private company, limited by shares, registered in England and Wales, registration number 14890873. The registered office is 77a Richmond Road, Twickenham, TW1 3AW, England.
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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 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
25% Straight Line
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
The accounts are presented in £ sterling.
Weybridge Fitbox Limited
Notes to the Accounts
for the period from 24 May 2023 to 31 May 2024
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representation of the time pattern in which economic benefits from the leases asset are consumed.
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Amounts owed to group undertakings and other participating interests
5,054
Taxes and social security
1,893
Loans from directors
7,046
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Operating lease commitments
2024
At 31 May 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
28,800
Later than one year and not later than five years
62,400
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Average number of employees
During the period the average number of employees was 2.