Registration number: 09887743

Crossfit Vita-Ray Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Crossfit Vita-Ray Ltd

(Registration number: 09887743)
Balance Sheet as at 27 November 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	7,452	9,936
Current assets
Debtors	5	-	9,290
Creditors: Amounts falling due within one year	6	(12,129)	(9,571)
Net current liabilities		(12,129)	(281)
Total assets less current liabilities		(4,677)	9,655
Creditors: Amounts falling due after more than one year	6	-	(7,581)
Provisions for liabilities		(1,384)	(1,845)
Net (liabilities)/assets		(6,061)	229
Capital and reserves
Called up share capital	7	1	1
Retained earnings		(6,062)	228
Shareholders' (deficit)/funds		(6,061)	229

For the financial period ending 27 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 October 2025
 

......................................... Mr A Quinn Director

Crossfit Vita-Ray Ltd

Notes to the Unaudited Financial Statements for the Period from 29 November 2023 to 27 November 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 4 Manchester Road
Haslingden
Rossendale
Lancashire
BB4 6LB

These financial statements were authorised for issue by the director on 2 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis due to the continued support of the director.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Crossfit Vita-Ray Ltd

Notes to the Unaudited Financial Statements for the Period from 29 November 2023 to 27 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	25% per annum reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Crossfit Vita-Ray Ltd

Notes to the Unaudited Financial Statements for the Period from 29 November 2023 to 27 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

Crossfit Vita-Ray Ltd

Notes to the Unaudited Financial Statements for the Period from 29 November 2023 to 27 November 2024

4	Tangible assets

	Equipment  £	Total £
Cost
At 29 November 2023	41,096	41,096
At 27 November 2024	41,096	41,096
Depreciation
At 29 November 2023	31,160	31,160
Charge for the period	2,484	2,484
At 27 November 2024	33,644	33,644
Net book value
At 27 November 2024	7,452	7,452
At 28 November 2023	9,936	9,936

5

Debtors

	2024 £	2023 £
Other debtors	-	9,290
	-	9,290

6

Creditors

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	10,907	5,318
Taxation and social security		622	3,653
Accruals and deferred income		600	600
		12,129	9,571