Registered number
07719096
Fight For Fitness Limited
Filleted Accounts
31 July 2024
Fight For Fitness Limited
Registered number: 07719096
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 550
Tangible assets 4 94,879 100,952
94,879 101,502
Current assets
Stocks 825 825
Debtors 5 66,588 5,000
Cash at bank and in hand 19,745 14,199
87,158 20,024
Creditors: amounts falling due within one year 6 (43,188) (43,708)
Net current assets/(liabilities) 43,970 (23,684)
Total assets less current liabilities 138,849 77,818
Creditors: amounts falling due after more than one year 7 (101,066) (54,476)
Net assets 37,783 23,342
Capital and reserves
Called up share capital 10 10
Profit and loss account 37,773 23,332
Shareholders' funds 37,783 23,342
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
D Hoyland
Director
Approved by the board on 29 April 2025
Fight For Fitness Limited
Notes to the Accounts
for the year ended 31 July 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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 4 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 5,500
At 31 July 2024 5,500
Amortisation
At 1 August 2023 4,950
Provided during the year 550
At 31 July 2024 5,500
Net book value
At 31 July 2024 -
At 31 July 2023 550
Website Design is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 21,980 50,041 54,740 126,761
Additions - 5,565 - 5,565
At 31 July 2024 21,980 55,606 54,740 132,326
Depreciation
At 1 August 2023 4,396 15,939 5,474 25,809
Charge for the year 2,198 3,966 5,474 11,638
At 31 July 2024 6,594 19,905 10,948 37,447
Net book value
At 31 July 2024 15,386 35,701 43,792 94,879
At 31 July 2023 17,584 34,102 49,266 100,952
5 Debtors 2024 2023
£ £
Revive Poole Ltd 59,500 -
Other debtors 7,088 5,000
66,588 5,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 44,435 23,706
Obligations under finance lease and hire purchase contracts 4,637 4,239
Taxation and social security costs 7,884 10,872
Directors' loans (14,511) 4,391
Other creditors 743 500
43,188 43,708
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 77,040 25,762
Obligations under finance lease and hire purchase contracts 24,026 28,714
101,066 54,476
8 Other information
Fight For Fitness Limited is a private company limited by shares and incorporated in England. Its registered office is:
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