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Draft
First Edition Fitness Limited
Registered Number:06046195
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 March 2025
First Edition Fitness Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Draft
Registered Number :
06046195
As at 31 March 2025
First Edition Fitness Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
36,530
19,216
2
36,530
19,216
Current assets
Inventories
25,650
28,800
3
Trade and other receivables
25,963
37,545
4
23,700
Cash and cash equivalents
64,642
130,987
75,313
Trade and other payables: amounts falling due
within one year
(33,108)
(50,218)
5
42,205
80,769
Net current assets
Total assets less current liabilities
117,299
61,421
117,299
Net assets
61,421
Capital and reserves
Called up share capital
100
100
Retained earnings
117,199
61,321
117,299
61,421
Shareholders' funds
For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J J Rabbitts Director
These financial statements were approved and authorised for issue by the Board on 05 May 2025 and were signed by:
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4
Draft
Registered Number :
06046195
For the year ended 31 March 2025
First Edition Fitness Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
Draft
For the year ended 31 March 2025
First Edition Fitness Limited
Notes to the Financial Statements
Statutory Information
First Edition Fitness Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 06046195.
Registered address:
29 Bath Road
Peasedown St John
Bath
BA2 8DJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
Draft
For the year ended 31 March 2025
First Edition Fitness Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 April 2024
42,630
38,698
3,932
29,490
29,490
-
Additions
At 31 March 2025
3,932
68,188
72,120
Provision for depreciation and impairmen
t
At 01 April 2024
23,414
19,939
3,475
Charge for year
12,176
12,062
114
At 31 March 2025
35,590
32,001
3,589
At 31 March 2025
Net book value
343
36,187
36,530
At 31 March 2024
457
18,759
19,216
3. Inventories
2024
2025
£
£
Stocks
28,800
25,650
4. Trade and other receivables
2024
2025
£
£
Trade debtors
33,290
21,421
Other debtors
4,255
4,542
25,963
37,545
5. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Trade creditors
5,642
2,048
Taxation and social security
33,884
15,385
Other creditors
10,692
15,675
50,218
33,108
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7
Draft
For the year ended 31 March 2025
First Edition Fitness Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 5 (2024 : 5)
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