Company Registration No. 09101370 (England and Wales)
Fitbox Personal Training Limited
Unaudited accounts
for the year ended 31 December 2024
Fitbox Personal Training Limited
Unaudited accounts
Contents
Fitbox Personal Training Limited
Company Information
for the year ended 31 December 2024
Directors
Samuel Buckingham
Michael Buckingham
Company Number
09101370 (England and Wales)
Registered Office
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL
England
Accountants
P10 Accountancy Ltd
Egerton House
68 Baker Street
Weybridge
KT13 8AL
Fitbox Personal Training Limited
Statement of financial position
as at 31 December 2024
Tangible assets
3,450
1,809
Cash at bank and in hand
3,772
(1,796)
Creditors: amounts falling due within one year
(12,473)
(22,398)
Net current assets/(liabilities)
855
(14,367)
Total assets less current liabilities
4,405
(12,558)
Creditors: amounts falling due after more than one year
(28,994)
(30,507)
Net liabilities
(24,589)
(43,065)
Called up share capital
100
100
Profit and loss account
(24,689)
(43,165)
Shareholders' funds
(24,589)
(43,065)
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Samuel Buckingham
Director
Company Registration No. 09101370
Fitbox Personal Training Limited
Notes to the Accounts
for the year ended 31 December 2024
Fitbox Personal Training Limited is a private company, limited by shares, registered in England and Wales, registration number 09101370. The registered office is Egerton House, 68 Baker Street, Weybridge, Surrey, KT13 8AL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Computer equipment
25% Straight Line
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Fitbox Personal Training Limited
Notes to the Accounts
for the year ended 31 December 2024
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The accounts are presented in £ sterling.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representation of the time pattern in which economic benefits from the leases asset are consumed.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
39,212
5,823
45,035
At 31 December 2024
43,127
6,284
49,411
At 1 January 2024
37,452
5,774
43,226
Charge for the year
2,570
165
2,735
At 31 December 2024
40,022
5,939
45,961
At 31 December 2024
3,105
345
3,450
At 31 December 2023
1,760
49
1,809
5
Investments
Subsidiary undertakings
Valuation at 1 January 2024
-
Valuation at 31 December 2024
100
Fitbox Personal Training Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
4,886
4,924
Accrued income and prepayments
170
159
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,755
407
Obligations under finance leases and hire purchase contracts
791
-
Amounts owed to group undertakings and other participating interests
50
-
Taxes and social security
3,197
586
Loans from directors
3,242
19,502
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
396
-
9
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
16,470
10
Average number of employees
During the year the average number of employees was 2 (2023: 4).