Statutory Information
FITNESS 2 U LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 04988440, registration address Central House, 124 High Street, Hampton Hill, Middlesex, TW12 1NS.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past
periods. A current tax asset is recognised in respect of a tax loss that can be carried back to
recover tax paid in a previous period. Deferred tax is not recognised in respect of all timing
differences between the recognition of income and expenses in the financial statements and their
inclusion in tax assessments is not material
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:| Plant and Machinery | 10% Straight Line |
|
| 2. |
Tangible fixed assets
| Cost or Valuation |
|
Plant and Machinery |
|
Total |
| |
|
£ |
|
£ |
| At 01 January 2024 |
|
46,661 |
|
46,661 |
| Additions |
|
- |
|
- |
| At 31 December 2024 |
|
46,661 |
|
46,661 |
| Depreciation |
| At 01 January 2024 |
|
38,194 |
|
38,194 |
| Charge for year |
|
1,221 |
|
1,221 |
| At 31 December 2024 |
|
39,415 |
|
39,415 |
| Net book values |
| Closing balance as at 31 December 2024 |
|
7,246 |
|
7,246 |
| Opening balance as at 01 January 2024 |
|
8,467 |
|
8,467 |
|
| 3. |
Debtors: amounts falling due within one year
|
2024
£ |
|
2023
£ |
| S455 tax |
3,187 |
|
2,410 |
| Directors' current account |
4,424 |
|
2,122 |
|
7,611 |
|
4,532 |
|
| 4. |
Creditors: amount falling due within one year
|
2024
£ |
|
2023
£ |
| Bank account 1 |
0 |
|
1,260 |
| Bank account 2 |
69 |
|
0 |
| Corporation tax |
2,832 |
|
1,602 |
|
2,901 |
|
2,862 |
|
| 5. |
Creditors: amount falling due after more than one year
|
2024
£ |
|
2023
£ |
| Bounce back loan |
9,363 |
|
10,651 |
|
9,363 |
|
10,651 |
|
| 6. |
Profit and loss account
| |
2024
£ |
| Balance at 01 January 2024 |
(2,364) |
| Profit for the year |
5,906 |
| Equity dividend paid |
(1,000) |
| Balance at 31 December 2024 |
2,542 |
|
| 7. |
Average number of employees
Average number of employees during the year were 2 (2023: 2).
|
2
|