Company Registration No. 05599284 (England and Wales)
Fit 4 Sport Ltd
Unaudited accounts
for the year ended 31 March 2025
Fit 4 Sport Ltd
Unaudited accounts
Contents
Fit 4 Sport Ltd
Company Information
for the year ended 31 March 2025
Directors
Shelley Greene
Elizabeth Armer
Company Number
05599284 (England and Wales)
Registered Office
Park Lane
Royton
Oldham
OL2 6PU
United Kingdom
Accountants
Elevate Accounting Solutions Limited
14 John Bradshaw Court
Alexandria Way
Congleton
CW12 1LB
Fit 4 Sport Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
189,252
172,203
Inventories
277,412
316,250
Cash at bank and in hand
356,390
290,054
Creditors: amounts falling due within one year
(508,145)
(446,426)
Net current assets
535,872
564,320
Total assets less current liabilities
725,124
736,523
Provisions for liabilities
Deferred tax
(25,626)
(13,268)
Net assets
699,498
723,255
Called up share capital
21
21
Profit and loss account
699,477
723,234
Shareholders' funds
699,498
723,255
For the year ending 31 March 2025 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 3 June 2025 and were signed on its behalf by
Shelley Greene
Director
Company Registration No. 05599284
Fit 4 Sport Ltd
Notes to the Accounts
for the year ended 31 March 2025
Fit 4 Sport Ltd is a private company, limited by shares, registered in England and Wales, registration number 05599284. The registered office is Park Lane, Royton, Oldham, OL2 6PU, United Kingdom.
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.
The accounts are presented in £ sterling.
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.
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
Reducing balance - 20%
Motor vehicles
Straight line on cost - 20%
Fixtures & fittings
Reducing balance - 33%
Computer equipment
Reducing balance - 33%
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Fit 4 Sport Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
5,040
330,683
67,607
36,442
439,772
Additions
13,543
97,440
3,410
17,899
132,292
At 31 March 2025
18,583
428,123
71,017
54,341
572,064
At 1 April 2024
1,008
200,060
44,370
22,131
267,569
Charge for the year
3,716
85,625
14,117
11,785
115,243
At 31 March 2025
4,724
285,685
58,487
33,916
382,812
At 31 March 2025
13,859
142,438
12,530
20,425
189,252
At 31 March 2024
4,032
130,623
23,237
14,311
172,203
Amounts falling due within one year
Trade debtors
391,320
388,914
Accrued income and prepayments
18,895
15,528
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
20,662
12,148
Trade creditors
270,670
204,524
Taxes and social security
170,422
182,433
7
Average number of employees
During the year the average number of employees was 13 (2024: 14).