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REGISTERED NUMBER: 05765598 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Fitism Ltd

Fitism Ltd (Registered number: 05765598)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 2


Fitism Ltd (Registered number: 05765598)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 327,117 117,626

CURRENT ASSETS
Debtors 5 1,930 21,082
Cash at bank 3,051 8,943
4,981 30,025
CREDITORS
Amounts falling due within one year 6 33,097 46,203
NET CURRENT LIABILITIES (28,116 ) (16,178 )
TOTAL ASSETS LESS CURRENT LIABILITIES 299,001 101,448

CREDITORS
Amounts falling due after more than one year 7 (199,500 ) (221,219 )

PROVISIONS FOR LIABILITIES (27,260 ) -
NET ASSETS/(LIABILITIES) 72,241 (119,771 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 71,241 (120,771 )
72,241 (119,771 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





Mr M R Kay - Director


Fitism Ltd (Registered number: 05765598)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Fitism Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05765598

Registered office: Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - Straight line over 20 years
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Fitism Ltd (Registered number: 05765598)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 138,003 500,428 - 638,431
Additions 4,483 - 895 5,378
At 31 March 2025 142,486 500,428 895 643,809
DEPRECIATION
At 1 April 2024 109,661 411,144 - 520,805
Charge for year 6,565 25,021 295 31,881
Charge written back - (235,994 ) - (235,994 )
At 31 March 2025 116,226 200,171 295 316,692
NET BOOK VALUE
At 31 March 2025 26,260 300,257 600 327,117
At 31 March 2024 28,342 89,284 - 117,626

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 1,887
Other debtors 1,930 19,195
1,930 21,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 28,887 42,984
Other creditors 4,210 3,219
33,097 46,203

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 199,500 221,219