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REGISTERED NUMBER: 11984306 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Fit24 (West) Ltd

Fit24 (West) Ltd (Registered number: 11984306)

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


Fit24 (West) Ltd

Company Information
for the year ended 31 May 2024







DIRECTOR: J W Burton





REGISTERED OFFICE: 554 Hessle Road
Hull
East Yorkshire
HU3 5BL





REGISTERED NUMBER: 11984306 (England and Wales)





ACCOUNTANTS: Marshall & Co
Chartered Accountants
& Chartered Tax Advisers
The Bloc
Springfield Way
Anlaby
Kingston upon Hull
East Yorkshire
HU10 6RJ

Fit24 (West) Ltd (Registered number: 11984306)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 3,050 3,650
Tangible assets 5 297,296 247,670
300,346 251,320

CURRENT ASSETS
Stocks 9,000 9,000
Debtors 6 95,839 32,994
Cash at bank and in hand 26,560 23,800
131,399 65,794
CREDITORS
Amounts falling due within one year 7 182,066 71,732
NET CURRENT LIABILITIES (50,667 ) (5,938 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,679

245,382

CREDITORS
Amounts falling due after more than one year 8 (96,598 ) (94,242 )

PROVISIONS FOR LIABILITIES (44,642 ) (46,940 )
NET ASSETS 108,439 104,200

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 108,438 104,199
108,439 104,200

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.

Fit24 (West) Ltd (Registered number: 11984306)

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 19 May 2025 and were signed by:





J W Burton - Director


Fit24 (West) Ltd (Registered number: 11984306)

Notes to the Financial Statements
for the year ended 31 May 2024


1. STATUTORY INFORMATION

Fit24 (West) Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 20% on cost, 15% on cost and 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Fit24 (West) Ltd (Registered number: 11984306)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 6,000
AMORTISATION
At 1 June 2023 2,350
Charge for year 600
At 31 May 2024 2,950
NET BOOK VALUE
At 31 May 2024 3,050
At 31 May 2023 3,650

Fit24 (West) Ltd (Registered number: 11984306)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 409,624
Additions 137,035
At 31 May 2024 546,659
DEPRECIATION
At 1 June 2023 161,954
Charge for year 87,409
At 31 May 2024 249,363
NET BOOK VALUE
At 31 May 2024 297,296
At 31 May 2023 247,670

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023 117,896
Additions 49,531
At 31 May 2024 167,427
DEPRECIATION
At 1 June 2023 32,632
Charge for year 26,881
At 31 May 2024 59,513
NET BOOK VALUE
At 31 May 2024 107,914
At 31 May 2023 85,264

Fit24 (West) Ltd (Registered number: 11984306)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,406 -
Other debtors 94,433 32,994
95,839 32,994

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,200 9,200
Hire purchase contracts 34,482 18,054
Trade creditors 338 2
Taxation and social security 26,003 26,514
Other creditors 112,043 17,962
182,066 71,732

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,200 18,400
Hire purchase contracts 87,398 75,842
96,598 94,242