Company Registration No. 10423572 (England and Wales)
FIT1 LTD
Unaudited accounts
for the year ended 31 October 2024
FIT1 LTD
Unaudited accounts
Contents
FIT1 LTD
Company Information
for the year ended 31 October 2024
Director
Constantin-Dorin BRANZEA
Company Number
10423572 (England and Wales)
Registered Office
UNIT 5 CAVENDISH WORKS
197 BURNT OAK BROADWAY
EDGWARE
MIDDLESEX
HA8 5EH
ENGLAND
Accountants
P&K Associates Limited
CIMA Practising Certificate Holder
183, Burntoak Broadway
EDGWARE
Middlesex
HA8 5EH
FIT1 LTD
Accountants' report
Accountants' report to the director of FIT1 LTD on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FIT1 LTD for the year ended
31 October 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FIT1 LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of FIT1 LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FIT1 LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FIT1 LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of FIT1 LTD. You consider that FIT1 LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FIT1 LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
P&K Associates Limited
CIMA Practising Certificate Holder
183, Burntoak Broadway
EDGWARE
Middlesex
HA8 5EH
25 June 2025
FIT1 LTD
Statement of financial position
as at 31 October 2024
Intangible assets
3,217
4,264
Tangible assets
23,004
30,645
Cash at bank and in hand
33,167
29,435
Creditors: amounts falling due within one year
(116,583)
(124,543)
Net current liabilities
(78,416)
(90,108)
Total assets less current liabilities
(52,195)
(55,199)
Creditors: amounts falling due after more than one year
(7,408)
(17,408)
Net liabilities
(59,603)
(72,607)
Called up share capital
1
1
Profit and loss account
(59,604)
(72,608)
Shareholders' funds
(59,603)
(72,607)
For the year ending 31 October 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 June 2025 and were signed on its behalf by
Constantin-Dorin BRANZEA
Director
Company Registration No. 10423572
FIT1 LTD
Notes to the Accounts
for the year ended 31 October 2024
FIT1 LTD is a private company, limited by shares, registered in England and Wales, registration number 10423572. The registered office is UNIT 5 CAVENDISH WORKS, 197 BURNT OAK BROADWAY, EDGWARE, MIDDLESEX, HA8 5EH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Intangible fixed assets
Other
FIT1 LTD
Notes to the Accounts
for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
53,060
7,490
60,550
At 31 October 2024
53,060
7,490
60,550
At 1 November 2023
24,270
5,635
29,905
Charge for the year
6,255
1,386
7,641
At 31 October 2024
30,525
7,021
37,546
At 31 October 2024
22,535
469
23,004
At 31 October 2023
28,790
1,855
30,645
Amounts falling due within one year
Accrued income and prepayments
5,000
5,000
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Taxes and social security
176
289
Loans from directors
100,978
110,111
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).