REGISTERED NUMBER: SC726494 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FIONA LIVINGSTONE FITNESS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F Livingstone

REGISTERED OFFICE:

162-164 Wellesley Road

Methil

Fife

KY8 3AQ

REGISTERED NUMBER:

SC726494 (Scotland)

ACCOUNTANTS:

Haines Watts

Business Advisors and Accountants

Cluny Court

John Smith Business Park

Kirkcaldy

Fife

KY2 6QJ

FIXED ASSETS

Intangible assets

4

2,253

-

Tangible assets

5

16,286

8,592

18,539

8,592

CURRENT ASSETS

Stocks

54

120

Debtors

6

8,208

8,866

Cash at bank

10,243

7,461

18,505

16,447

CREDITORS

Amounts falling due within one year

7

9,658

13,682

NET CURRENT ASSETS

8,847

2,765

TOTAL ASSETS LESS CURRENT LIABILITIES

27,386

11,357

PROVISIONS FOR LIABILITIES

8

803

1,632

NET ASSETS

26,583

9,725

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

26,483

9,625

26,583

9,725

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 director acknowledges her 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 director and authorised for issue on 3 September 2025 and were signed by:

F Livingstone - Director

1.	STATUTORY INFORMATION

Fiona Livingstone Fitness Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, in relation to the operation of a fitness gym.

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.

Website are being amortised evenly over their estimated useful life of three years.

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% per annum on cost

Computer equipment

-

33% per annum 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

2,995

At 31 March 2025

2,995

AMORTISATION

Charge for year

742

At 31 March 2025

742

NET BOOK VALUE

At 31 March 2025

2,253

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

10,740

-

10,740

Additions

10,805

512

11,317

At 31 March 2025

21,545

512

22,057

DEPRECIATION

At 1 April 2024

2,148

-

2,148

Charge for year

3,482

141

3,623

At 31 March 2025

5,630

141

5,771

NET BOOK VALUE

At 31 March 2025

15,915

371

16,286

At 31 March 2024

8,592

-

8,592

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

324

305

Directors' current accounts

7,409

8,561

Prepayments

475

-

8,208

8,866

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

644

2,273

Tax

1,911

-

Social security and other taxes

40

1,388

VAT

3,047

7,632

Other creditors

171

195

Accruals and deferred income

3,845

2,194

9,658

13,682

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

803

1,632

Deferred

tax

£

Balance at 1 April 2024

1,632

Provided during year

(829

)

Balance at 31 March 2025

803

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

F Livingstone

Balance outstanding at start of year

8,561

(45

)

Amounts advanced

15,523

20,696

Amounts repaid

(16,675

)

(12,090

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,409

8,561

10.	RELATED PARTY DISCLOSURES

Included in 'Other debtors' is a balance of £7,409 (2024 - £8,561) due to the company from the director which is interest free.