Registered number
SC608748
AL Fitness Ltd
Filleted Accounts
30 September 2024
AL Fitness Ltd
Registered number: SC608748
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 42,042 50,508
Current assets
Stocks 2,000 2,809
Debtors 4 2,178 -
Cash at bank and in hand 4,783 2,528
8,961 5,337
Creditors: amounts falling due within one year 5 (6,329) (3,073)
Net current assets 2,632 2,264
Total assets less current liabilities 44,674 52,772
Creditors: amounts falling due after more than one year 6 (5,899) (6,088)
Net assets 38,775 46,684
Capital and reserves
Called up share capital 100 100
Profit and loss account 38,675 46,584
Shareholder's funds 38,775 46,684
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 his 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.
AL Leishman
Director
Approved by the board on 3 June 2025
AL Fitness Ltd
Notes to the Accounts
for the year ended 30 September 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 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 113,259 1,900 115,159
Additions 5,299 - 5,299
At 30 September 2024 118,558 1,900 120,458
Depreciation
At 1 October 2023 63,486 1,165 64,651
Charge for the year 13,581 184 13,765
At 30 September 2024 77,067 1,349 78,416
Net book value
At 30 September 2024 41,491 551 42,042
At 30 September 2023 49,773 735 50,508
4 Debtors 2024 2023
£ £
Other debtors 2,178 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,729 2,414
Corporation tax 832 (1)
Other creditors 768 660
6,329 3,073
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's account 5,899 6,088
7 Other information
AL Fitness Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
6 White's Quay
Dalgety Bay
Fife
KY11 9HT
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