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REGISTERED NUMBER: 10451909 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

FIT360 LIMITED

FIT360 LIMITED (REGISTERED NUMBER: 10451909)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIT360 LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: J K Hogan
C D Lawrie





SECRETARY: Mrs S Lawrie





REGISTERED OFFICE: 7 Carters Close
Bromsgrove
Worcestershire
B61 7HJ





REGISTERED NUMBER: 10451909 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

FIT360 LIMITED (REGISTERED NUMBER: 10451909)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 9,787 13,471
Tangible assets 5 9,174 21,610
18,961 35,081

CURRENT ASSETS
Debtors 6 112,633 38,735
Cash at bank and in hand 273,528 320,912
386,161 359,647
CREDITORS
Amounts falling due within one year 7 192,395 164,035
NET CURRENT ASSETS 193,766 195,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,727

230,693

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 212,627 230,593
SHAREHOLDERS' FUNDS 212,727 230,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:




C D Lawrie - Director


FIT360 LIMITED (REGISTERED NUMBER: 10451909)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

FIT360 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.

Intellectual property are being amortised evenly over their estimated useful life of ten years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FIT360 LIMITED (REGISTERED NUMBER: 10451909)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Intellectual Computer
property software Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 32,500 7,511 40,011
AMORTISATION
At 1 November 2023 19,500 7,040 26,540
Amortisation for year 3,250 434 3,684
At 31 October 2024 22,750 7,474 30,224
NET BOOK VALUE
At 31 October 2024 9,750 37 9,787
At 31 October 2023 13,000 471 13,471

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 6,630 48,923 55,553
Additions 593 4,218 4,811
Disposals - (46,002 ) (46,002 )
At 31 October 2024 7,223 7,139 14,362
DEPRECIATION
At 1 November 2023 1,913 32,030 33,943
Charge for year 1,241 4,268 5,509
Eliminated on disposal - (34,264 ) (34,264 )
At 31 October 2024 3,154 2,034 5,188
NET BOOK VALUE
At 31 October 2024 4,069 5,105 9,174
At 31 October 2023 4,717 16,893 21,610

FIT360 LIMITED (REGISTERED NUMBER: 10451909)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,335 29,434
Prepayments and accrued income 16,298 9,301
112,633 38,735

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 97,114 56,019
Social security and other taxes 20,076 11,709
Other creditors 6,623 11,496
Directors' current accounts 137 137
Accruals and deferred income 63,296 77,081
Accrued expenses 5,149 7,593
192,395 164,035

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
55 A Ordinary £1 55 55
45 B Ordinary £1 45 45
100 100