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REGISTERED NUMBER: 05697719 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

FITSTUFF UK LIMITED

FITSTUFF UK LIMITED (REGISTERED NUMBER: 05697719)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FITSTUFF UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 May 2024







DIRECTOR: P J Galley





SECRETARY: P J Galley





REGISTERED OFFICE: 24 Chapel Street
Guildford
Surrey
GU1 3UL





REGISTERED NUMBER: 05697719 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

FITSTUFF UK LIMITED (REGISTERED NUMBER: 05697719)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,564 20,857

CURRENT ASSETS
Stocks 144,000 180,000
Debtors 5 17,814 24,365
Cash at bank 35,665 7,741
197,479 212,106
CREDITORS
Amounts falling due within one year 6 154,815 202,116
NET CURRENT ASSETS 42,664 9,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,228

30,847

CREDITORS
Amounts falling due after more than one
year

7

(15,989

)

(25,808

)

PROVISIONS FOR LIABILITIES (3,735 ) (3,963 )
NET ASSETS 38,504 1,076

CAPITAL AND RESERVES
Called up share capital 1,071 1,071
Retained earnings 37,433 5
SHAREHOLDERS' FUNDS 38,504 1,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FITSTUFF UK LIMITED (REGISTERED NUMBER: 05697719)

BALANCE SHEET - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





P J Galley - Director


FITSTUFF UK LIMITED (REGISTERED NUMBER: 05697719)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2024


1. STATUTORY INFORMATION

Fitstuff UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents goods sold, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

FITSTUFF UK LIMITED (REGISTERED NUMBER: 05697719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 May 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 2,618 38,214 34,000 6,899 81,731
Additions - 241 - - 241
At 31 May 2024 2,618 38,455 34,000 6,899 81,972
DEPRECIATION
At 1 June 2023 2,617 33,005 18,700 6,552 60,874
Charge for year - 1,363 3,825 346 5,534
At 31 May 2024 2,617 34,368 22,525 6,898 66,408
NET BOOK VALUE
At 31 May 2024 1 4,087 11,475 1 15,564
At 31 May 2023 1 5,209 15,300 347 20,857

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,021 2,769
Other debtors 12,793 21,596
17,814 24,365

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,677 9,806
Trade creditors 79,746 148,231
Taxation and social security 56,386 32,156
Other creditors 8,006 11,923
154,815 202,116

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,989 25,808

FITSTUFF UK LIMITED (REGISTERED NUMBER: 05697719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 May 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
P J Galley
Balance outstanding at start of year 4,781 2,516
Amounts advanced 29,540 2,265
Amounts repaid (34,672 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (351 ) 4,781