1 April 2024 false No description of principal activity Taxfiler 2024.6 SC498152business:PrivateLimitedCompanyLtd2024-04-012025-03-31 SC4981522024-03-31 SC4981522024-04-012025-03-31 SC498152business:AuditExempt-NoAccountantsReport2024-04-012025-03-31 SC498152business:FilletedAccounts2024-04-012025-03-31 SC4981522025-03-31 SC498152business:Director12024-04-012025-03-31 SC498152business:Director22024-04-012025-03-31 SC4981522024-03-31 SC498152core:WithinOneYear2025-03-31 SC498152core:WithinOneYear2024-03-31 SC498152core:AfterOneYear2025-03-31 SC498152core:AfterOneYear2024-03-31 SC498152core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 SC498152core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC498152core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 SC498152core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC498152core:PreviouslyStatedAmount2025-03-31 SC498152core:PreviouslyStatedAmount2024-03-31 SC498152business:SmallEntities2024-04-012025-03-31 SC498152countries:Scotland2024-04-012025-03-31 SC498152core:PlantMachinery2024-04-012025-03-31 SC498152core:FurnitureFittings2024-04-012025-03-31 SC498152core:ComputerEquipment2024-04-012025-03-31 SC498152core:LandBuildings2024-03-31 SC498152core:PlantMachinery2024-03-31 SC498152core:FurnitureFittings2024-03-31 SC498152core:ComputerEquipment2024-03-31 SC498152core:LandBuildings2024-04-012025-03-31 SC498152core:LandBuildings2025-03-31 SC498152core:PlantMachinery2025-03-31 SC498152core:FurnitureFittings2025-03-31 SC498152core:ComputerEquipment2025-03-31 SC4981522023-04-012024-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC498152 (Scotland)
Limitless Fitness & Martial Arts Ltd Unaudited accounts for the year ended 31 March 2025
Limitless Fitness & Martial Arts Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Limitless Fitness & Martial Arts Ltd Company Information for the year ended 31 March 2025
Directors
James Francis Tully James Tully
Company Number
SC498152 (Scotland)
Accountants
WBG Accounting Services 56 Ashgillhead Road Larkhall Larkhall ML9 3AE
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Limitless Fitness & Martial Arts Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
88,640 
73,822 
Current assets
Debtors
5
112,331 
112,331 
Cash at bank and in hand
10,378 
2,296 
122,709 
114,627 
Creditors: amounts falling due within one year
6
(157,103)
(183,506)
Net current liabilities
(34,394)
(68,879)
Total assets less current liabilities
54,246 
4,943 
Creditors: amounts falling due after more than one year
7
102,408 
156,890 
Provisions for liabilities
Deferred tax
(11,336)
(11,336)
Net assets
145,318 
150,497 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
145,218 
150,397 
Shareholders' funds
145,318 
150,497 
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 5 December 2025 and were signed on its behalf by
James Tully Director Company Registration No. SC498152
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Limitless Fitness & Martial Arts Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Limitless Fitness & Martial Arts Ltd is a private company, limited by shares, registered in Scotland, registration number SC498152.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
20% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2024
10,000 
132,555 
7,555 
3,540 
153,650 
Additions
- 
30,420 
- 
- 
30,420 
At 31 March 2025
10,000 
162,975 
7,555 
3,540 
184,070 
Depreciation
At 1 April 2024
- 
75,362 
2,915 
1,551 
79,828 
Charge for the year
- 
14,508 
696 
398 
15,602 
At 31 March 2025
- 
89,870 
3,611 
1,949 
95,430 
Net book value
At 31 March 2025
10,000 
73,105 
3,944 
1,591 
88,640 
At 31 March 2024
10,000 
57,193 
4,640 
1,989 
73,822 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
112,331 
112,331 
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Limitless Fitness & Martial Arts Ltd Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
3,470 
10,692 
VAT
120,568 
77,359 
Taxes and social security
33,065 
52,455 
Other creditors
- 
43,000 
157,103 
183,506 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
13,314 
35,959 
Loans from directors
(115,722)
(192,849)
(102,408)
(156,890)
8
Average number of employees
During the year the average number of employees was 2 (2024: 1).
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