REGISTERED NUMBER: 11343162 (England and Wales)

Financial Statements for the Year Ended 31st December 2025

for

Fitbakes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms M Rauen-Prestes

L Butler

C Hughes

J R Whitbread

REGISTERED OFFICE:

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

REGISTERED NUMBER:

11343162 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Intangible assets

4

1,080

1,385

Tangible assets

5

2,193

1,664

3,273

3,049

CURRENT ASSETS

Stocks

256,403

274,527

Debtors

6

180,494

137,280

Cash at bank

109,532

71,772

546,429

483,579

CREDITORS

Amounts falling due within one year

7

217,362

127,613

NET CURRENT ASSETS

329,067

355,966

TOTAL ASSETS LESS CURRENT LIABILITIES

332,340

359,015

CREDITORS

Amounts falling due after more than one year

8

19,906

31,837

NET ASSETS

312,434

327,178

CAPITAL AND RESERVES

Called up share capital

174

174

Share premium

1,308,625

1,308,625

Retained earnings

(996,365

)

(981,621

)

312,434

327,178

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th September 2026 and were signed on its behalf by:

Ms M Rauen-Prestes - Director

1.	STATUTORY INFORMATION

Fitbakes Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

25% on cost

Computer equipment

-

25% on cost

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 Statement of Income and Retained Earnings, 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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2025

and 31st December 2025

3,050

AMORTISATION

At 1st January 2025

1,665

Charge for year

305

At 31st December 2025

1,970

NET BOOK VALUE

At 31st December 2025

1,080

At 31st December 2024

1,385

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st January 2025

11,983

3,112

15,095

Additions

-

1,459

1,459

At 31st December 2025

11,983

4,571

16,554

DEPRECIATION

At 1st January 2025

11,983

1,448

13,431

Charge for year

-

930

930

At 31st December 2025

11,983

2,378

14,361

NET BOOK VALUE

At 31st December 2025

-

2,193

2,193

At 31st December 2024

-

1,664

1,664

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

109,637

66,660

Directors' current accounts

3,782

5,927

VAT

59,297

64,693

Prepayments

7,778

-

180,494

137,280

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,555

4,639

Trade creditors

182,671

104,774

Social security and other taxes

567

771

Other creditors

12,999

12,191

Directors' current accounts

4,182

2,163

Accrued expenses

11,388

3,075

217,362

127,613

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,555

4,949

Bank loans - 2-5 years

14,351

16,923

Bank loans more 5 yr by instal

-

9,965

19,906

31,837

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

9,965

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

4,650

-

Between one and five years

12,400

-

17,050

-

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2025 and 31st December 2024:

2025

2024

£

£

L Butler

Balance outstanding at start of year

5,927

-

Amounts advanced

7,391

5,927

Amounts repaid

(9,536

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,782

5,927

11.	RELATED PARTY DISCLOSURES

In 2021 a formal share option agreement was issued to another director of the company giving him the option to purchase 60,000 shares at £2.25 per share. This agreement has not yet been exercised.