Limitless Group Fife Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC799509

		28 February 2026		28 February 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		105,023		62,802

			105,023		62,802
CURRENT ASSETS
Debtors	5	6,205		1,901
Cash at bank and in hand		11,342		10,974

		17,547		12,875
Creditors: Amounts Falling Due Within One Year	6	(96,319 )		(41,121 )

NET CURRENT ASSETS (LIABILITIES)			(78,772 )		(28,246 )

TOTAL ASSETS LESS CURRENT LIABILITIES			26,251		34,556

Creditors: Amounts Falling Due After More Than One Year	7		(41,539 )		(19,427 )

NET (LIABILITIES)/ASSETS			(15,288 )		15,129

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(15,289 )		15,128

SHAREHOLDERS' FUNDS			(15,288)		15,129

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Limitless Group Fife Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Shane Allen

Director

24th April 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Limitless Group Fife Limited is a private company, limited by shares, incorporated in Scotland, registered number SC799509 . The registered office is Unit 1, Banbeath Industrial Estate, Leven, Fife, KY8 5HD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	33 1/3% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 4)

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Limitless Group Fife Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2025	37,800	42,573	949	81,322
Additions	9,543	72,828	274	82,645
Disposals	-	(10,623 )	-	(10,623 )

As at 28 February 2026	47,343	104,778	1,223	153,344

Depreciation
As at 1 March 2025	7,560	10,644	316	18,520
Provided during the period	7,957	24,198	302	32,457
Disposals	-	(2,656 )	-	(2,656 )

As at 28 February 2026	15,517	32,186	618	48,321

Net Book Value
As at 28 February 2026	31,826	72,592	605	105,023

As at 1 March 2025	30,240	31,929	633	62,802

5. Debtors

	28 February 2026	28 February 2025
	£	£
Due within one year
Trade debtors	6,205	-
Other debtors	-	1,901

	6,205	1,901

6. Creditors: Amounts Falling Due Within One Year

	28 February 2026	28 February 2025
	£	£
Net obligations under finance lease and hire purchase contracts	5,068	5,068
Trade creditors	1,438	1,494
Amounts owed to participating interests	12,708	-
Other creditors	73,850	33,860
Taxation and social security	3,255	699

	96,319	41,121

7. Creditors: Amounts Falling Due After More Than One Year

	28 February 2026	28 February 2025
	£	£
Net obligations under finance lease and hire purchase contracts	14,359	19,427
Other creditors	27,180	-

	41,539	19,427

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Limitless Group Fife Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

8. Obligations Under Finance Leases and Hire Purchase

	28 February 2026	28 February 2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,068	5,068
Later than one year and not later than five years	14,359	19,427

	19,427	24,495

	19,427	24,495

9. Share Capital

	28 February 2026	28 February 2025
	£	£
Allotted, Called up and fully paid	1	1

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