Crayford Weights and Fitness Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06915317 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Crayford Weights and Fitness Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Knight

G White

REGISTERED OFFICE:

78 The Foundry

The Beacon

Eastbourne

East Sussex

BN21 3NW

REGISTERED NUMBER:

06915317 (England and Wales)

ACCOUNTANTS:

Porters Associates Ltd

38 Central Avenue

Polegate

East Sussex

BN26 6HA

FIXED ASSETS

Tangible assets

4

182,379

175,614

CURRENT ASSETS

Stocks

5

12,000

Debtors

6

84,878

118,896

Cash at bank and in hand

886,738

631,194

983,616

762,090

CREDITORS

Amounts falling due within one year

7

552,976

472,423

NET CURRENT ASSETS

430,640

289,667

TOTAL ASSETS LESS CURRENT
LIABILITIES

613,019

465,281

CAPITAL AND RESERVES

Called up share capital

6

Retained earnings

8

613,013

465,275

SHAREHOLDERS' FUNDS

613,019

465,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

P R Knight - Director

1.	STATUTORY INFORMATION

Crayford Weights and Fitness Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 April 2024

376,226

796,729

133,867

Additions

2,400

49,360

-

At 31 March 2025

378,626

846,089

133,867

DEPRECIATION

At 1 April 2024

376,226

668,951

86,031

Charge for year

-

35,428

9,567

At 31 March 2025

376,226

704,379

95,598

NET BOOK VALUE

At 31 March 2025

2,400

141,710

38,269

At 31 March 2024

-

127,778

47,836

Capitalised

leased

Computer

assets

equipment

Totals

£

COST

At 1 April 2024

394,774

13,837

1,715,433

Additions

-

51,760

At 31 March 2025

394,774

13,837

1,767,193

DEPRECIATION

At 1 April 2024

394,774

13,837

1,539,819

Charge for year

-

44,995

At 31 March 2025

394,774

13,837

1,584,814

NET BOOK VALUE

At 31 March 2025

-

182,379

At 31 March 2024

-

175,614

5.

STOCKS

31.3.25

31.3.24

£

Stocks

12,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

11,300

46,383

Prepayments

73,578

72,513

84,878

118,896

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

13,091

23,274

Trade creditors

22,848

10,297

Taxation and social security

119,397

113,439

Other creditors

397,640

325,413

552,976

472,423

8.

RESERVES

Retained

earnings

£

At 1 April 2024

465,275

Profit for the year

270,438

Dividends

(122,700

)

At 31 March 2025

613,013