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REGISTERED NUMBER: 05777079 (England and Wales)














Unaudited Financial Statements

For The Year Ended 30th November 2024

for

Fitness Agents Limited

Fitness Agents Limited (Registered number: 05777079)






Contents of the Financial Statements
For The Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Fitness Agents Limited

Company Information
For The Year Ended 30th November 2024







DIRECTORS: A Omotajo
Mrs J O Omotajo





REGISTERED OFFICE: 21 Bryanston Street
Marble Arch
London
W1H 7AB





REGISTERED NUMBER: 05777079 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Fitness Agents Limited (Registered number: 05777079)

Balance Sheet
30th November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 59,360 12,331
59,360 12,331

CURRENT ASSETS
Stocks 6 790 3,395
Debtors 7 130,971 105,198
Cash at bank and in hand 384,172 423,232
515,933 531,825
CREDITORS
Amounts falling due within one year 8 449,791 408,287
NET CURRENT ASSETS 66,142 123,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,502

135,869

CREDITORS
Amounts falling due after more than one
year

9

(47,917

)

(72,917

)

PROVISIONS FOR LIABILITIES 10 (6,469 ) (2,043 )
NET ASSETS 71,116 60,909

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 12 70,116 59,909
SHAREHOLDERS' FUNDS 71,116 60,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Fitness Agents Limited (Registered number: 05777079)

Balance Sheet - continued
30th November 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 and authorised for issue by the Board of Directors and authorised for issue on 3rd April 2025 and were signed on its behalf by:





A Omotajo - Director


Fitness Agents Limited (Registered number: 05777079)

Notes to the Financial Statements
For The Year Ended 30th November 2024

1. STATUTORY INFORMATION

Fitness Agents Limited 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

Fitness Agents Limited (Registered number: 05777079)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st December 2023
and 30th November 2024 78,875
AMORTISATION
At 1st December 2023
and 30th November 2024 78,875
NET BOOK VALUE
At 30th November 2024 -
At 30th November 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2023 16,539 548,814 - 24,308 589,661
Additions - 30,257 26,988 - 57,245
At 30th November 2024 16,539 579,071 26,988 24,308 646,906
DEPRECIATION
At 1st December 2023 16,539 537,947 - 22,844 577,330
Charge for year - 9,220 450 546 10,216
At 30th November 2024 16,539 547,167 450 23,390 587,546
NET BOOK VALUE
At 30th November 2024 - 31,904 26,538 918 59,360
At 30th November 2023 - 10,867 - 1,464 12,331

6. STOCKS
30.11.24 30.11.23
£    £   
Stocks 790 3,395

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 10,762 12,383
Prepayments 120,209 92,815
130,971 105,198

Fitness Agents Limited (Registered number: 05777079)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 334,494 42,933
Tax 35,905 35,171
Social security and other taxes 25,856 25,785
VAT 28,956 37,546
Directors' current accounts - 392
Accrued expenses 24,580 266,460
449,791 408,287

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 2-5 years 47,917 72,917

10. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 6,469 2,043

Deferred
tax
£   
Balance at 1st December 2023 2,043
Charge to Income Statement during year 4,426
Balance at 30th November 2024 6,469

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
500 A Ordinary £1 500 500
500 B Ordinary £1 500 500
1,000 1,000

12. RESERVES
Retained
earnings
£   

At 1st December 2023 59,909
Profit for the year 128,600
Dividends (118,393 )
At 30th November 2024 70,116

Fitness Agents Limited (Registered number: 05777079)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2024 and 30th November 2023:

30.11.24 30.11.23
£    £   
A Omotajo
Balance outstanding at start of year - 2,304
Amounts repaid - (2,304 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs J O Omotajo
Balance outstanding at start of year - 2,304
Amounts repaid - (2,304 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £118,393 were paid to the directors .

15. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fitness Agents Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fitness Agents Limited for the year ended 30th November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Fitness Agents Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fitness Agents Limited and state those matters that we have agreed to state to the Board of Directors of Fitness Agents Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fitness Agents Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fitness Agents Limited. You consider that Fitness Agents Limited 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 financial statements of Fitness Agents Limited. 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 financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 3rd April 2025