F&S Fitness Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 11494188

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		900		900
Tangible Assets	5		122,665		118,281

			123,565		119,181
CURRENT ASSETS
Debtors	6	18,250		15,905
Investments	7	37,600		37,600
Cash at bank and in hand		16,103		17,137

		71,953		70,642
Creditors: Amounts Falling Due Within One Year	8	(458,798 )		(399,244 )

NET CURRENT ASSETS (LIABILITIES)			(386,845 )		(328,602 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(263,280 )		(209,421 )

NET LIABILITIES			(263,280 )		(209,421 )

CAPITAL AND RESERVES
Called up share capital	9		3,025		2,025
Share premium account			34,915		34,915
Profit and Loss Account			(301,220 )		(246,361 )

SHAREHOLDERS' FUNDS			(263,280)		(209,421)

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Silvio BRACONE

Director

29/09/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

F&S Fitness Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11494188 . The registered office is 19 The Circle , Queen Elizabeth Street, London, SE1 2JE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	9 Years of life SLM
Plant & Machinery	25% SLM
Office Equipment	25% SLM

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 7)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	900

As at 31 December 2024	900

Net Book Value
As at 31 December 2024	900

As at 1 January 2024	900

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F&S Fitness Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Office Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	147,326	69,884	10,073	227,283
Additions	-	27,500	-	27,500

As at 31 December 2024	147,326	97,384	10,073	254,783

Depreciation
As at 1 January 2024	48,002	53,539	7,461	109,002
Provided during the period	16,369	5,865	882	23,116

As at 31 December 2024	64,371	59,404	8,343	132,118

Net Book Value
As at 31 December 2024	82,955	37,980	1,730	122,665

As at 1 January 2024	99,324	16,345	2,612	118,281

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,218	-
Prepayments and accrued income	17,032	15,502
Net wages	-	403

	18,250	15,905

7. Current Asset Investments

	2024	2023
	£	£
Short term deposits	37,600	37,600

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	28,275	17,467
Bank loans and overdrafts	5,827	6,981
Other taxes and social security	2,043	4,645
VAT	6,916	9,870
Net wages	2,438	-
Share holder Loan - Silvio Bracone	289,810	289,666
Share holder Loan - Fraser Smith	70,615	70,615
Pension - Payable	1,394	-
Share holder loan - White Knight Venture	50,000	-
Accruals and deferred income	1,480	-

	458,798	399,244

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F&S Fitness Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	3,025	2,025

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr Silvio Bracone by virtue of his ownership of more than 50% but less than 75 % of the issued share capital and Mr Fraser John Cornwell Smith by virtue of his ownershipe of more than 25% but not more than 50% of issued share captal in the company.

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