Registered number
SC780421
RL Kids Fitness Ltd
Filleted Accounts
31 August 2024
RL Kids Fitness Ltd
Registered number: SC780421
Balance Sheet
as at 31 August 2024
Notes 2024
£
Fixed assets
Tangible assets 3 5,615
Current assets
Cash at bank and in hand 1,276
Creditors: amounts falling due within one year 4 (5,723)
Net current (liabilities)/assets (4,447)
Net assets 1,168
Capital and reserves
Called up share capital 100
Profit and loss account 1,068
Shareholder's funds 1,168
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 her 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.
R Leishman
Director
Approved by the board on 4 April 2025
RL Kids Fitness Ltd
Notes to the Accounts
for the period from 25 August 2023 to 31 August 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 and 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows:
Motor Vehicles 25% on a Reducing Balance basis
Fixtures, fittings, tools and equipment 25% on a Reducing Balance basis
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.
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 asset is recognised in respect of a tax loss that can be carried forwards to be set against tax due on future profits.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 6,780
At 31 August 2024 6,780
Depreciation
Charge for the period 1,165
At 31 August 2024 1,165
Net book value
At 31 August 2024 5,615
4 Creditors: amounts falling due within one year 2024
£
Other creditors 5,723
5 Other information
RL Kids Fitness Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Unit 1 Castleblair Business Centre
Fullerton Road
Glenrothes
Fife
KY7 5QR
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