Company registration number: 04906457
Annual report and unaudited financial statements
for the period ended 31 July 2025
for
Fit 'N' Fun Kids (Cornwall) Limited
Pages for filing with the Registrar
Company registration number: 04906457
Fit 'N' Fun Kids (Cornwall) Limited
Balance sheet
as at 31 July 2025
31 Jul 25 31 Mar 24
Note £ £ £ £
Fixed assets
Intangible assets 4 - 1,010
Tangible assets 5 - 11,764
- 12,774
Current assets
Debtors 6 - 180,644
Cash at bank and in hand 44,027 11,525
44,027 192,169
Creditors: amounts falling due within one
year 		7 (43,826) (94,374)
Net current assets 201 97,795
Total assets less current liabilities 201 110,569
Provisions for liabilities - (3,648)
Accruals and deferred income - (1)
NET ASSETS 201 106,920
Capital and reserves
Called up share capital 10 10
Profit and loss account 191 106,910
TOTAL EQUITY 201 106,920
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 July 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04906457
Fit 'N' Fun Kids (Cornwall) Limited
Balance sheet - continued
as at 31 July 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 15 May 2026 and signed on its behalf by:
Mr J Caruana, Director Mrs F Caruana, Director
15 May 2026 15 May 2026
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Fit 'N' Fun Kids (Cornwall) Limited
Notes to the financial statements
for the period ended 31 July 2025
1 Company information
Fit 'N' Fun Kids (Cornwall) Limited is a private company registered in England and Wales. Its registered number is 04906457. The company is limited by shares. Its registered office is 1 Riverside Cottage, Tresilian, Truro, Cornwall, TR2 4RA.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 10% straight line
Website - 20% straight line
3
Fit 'N' Fun Kids (Cornwall) Limited
Notes to the financial statements - continued
for the period ended 31 July 2025
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Long leasehold property - 10% straight line
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 20% straight line
Computer equipment - 20% straight line
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of Financial Liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic Financial Liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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Fit 'N' Fun Kids (Cornwall) Limited
Notes to the financial statements - continued
for the period ended 31 July 2025
2 Accounting policies - continued
Taxation
Taxation for the period comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the period the average number of employees was 40 (2024 - 40).
4 Intangible assets
Goodwill Other
intangible
assets 		Totals
£ £ £
Cost
At 1 April 2024 27,500 5,030 32,530
At 31 July 2025 27,500 5,030 32,530
Amortisation
At 1 April 2024 27,500 4,020 31,520
Charge for period - 1,010 1,010
At 31 July 2025 27,500 5,030 32,530
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Fit 'N' Fun Kids (Cornwall) Limited
Notes to the financial statements - continued
for the period ended 31 July 2025
4 Intangible assets - continued
Net book value
At 31 July 2025 - - -
At 31 March 2024 - 1,010 1,010
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 April 2024 24,204 80,272 104,476
Disposals - (80,272) (80,272)
At 31 July 2025 24,204 - 24,204
Depreciation
At 1 April 2024 24,204 68,508 92,712
Charge for period - 2,056 2,056
Eliminated on disposal - (70,564) (70,564)
At 31 July 2025 24,204 - 24,204
Net book value
At 31 July 2025 - - -
At 31 March 2024 - 11,764 11,764
6 Debtors
31 Jul 25 31 Mar 24
£ £
Trade debtors - 610
Amounts owed by group undertakings - 180,034
- 180,644
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Fit 'N' Fun Kids (Cornwall) Limited
Notes to the financial statements - continued
for the period ended 31 July 2025
7 Creditors: amounts falling due within one year
31 Jul 25 31 Mar 24
£ £
Trade creditors - 18,990
Amounts owed to group undertakings 32,839 -
Other creditors - 1,218
Taxation 7,987 67,566
Accruals and deferred income 3,000 6,600
43,826 94,374
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