Fitness4less SC Limited 28/04/2022 iXBRL

FITNESS4LESS SC LIMITED - Company Information

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Company registration number: 05297295

Fitness4less SC Limited

Unaudited filleted abridged financial statements

28 April 2022

Fitness4less SC Limited

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Notes to the financial statements

Fitness4less SC Limited

Directors and other information


	Directors	Mr Matthew Harris


	Company number	05297295


	Registered office	1 Park Place
		Hartley Wintney
		Hook
		RG27 8PT


	Accountants	Bradbury Stell
		Unit 2 Beverley Court
		26 Elmtree Road
		Teddington
		Middlesex
		TW11 8ST

Fitness4less SC Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Fitness4less SC Limited

Year ended 28 April 2022

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 28 April 2022 which comprise the abridged statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Bradbury Stell

Chartered Certified Accountants

Unit 2 Beverley Court

26 Elmtree Road

Teddington

Middlesex

TW11 8ST

30 June 2022

Fitness4less SC Limited

Abridged statement of financial position

28 April 2022

		2022		2021
	Note	£	£	£	£

Intangible assets	4	-		-
Current assets
Debtors		18,499		174,015
		_______		_______
		18,499		174,015
Creditors: amounts falling due
within one year		( 24,301)		( 179,817)
		_______		_______
Net current liabilities			( 5,802)		( 5,802)
			_______		_______
Total assets less current liabilities			( 5,802)		( 5,802)

			_______		_______
Net liabilities			( 5,802)		( 5,802)
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			( 5,804)		( 5,804)
			_______		_______
Shareholders deficit			( 5,802)		( 5,802)
			_______		_______

For the year ending 28 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 28 April 2022 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 30 June 2022 , and are signed on behalf of the board by:

Mr Matthew Harris

Director

Company registration number: 05297295

Fitness4less SC Limited

Notes to the financial statements

Year ended 28 April 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Park Place, Hartley Wintney, Hook, RG27 8PT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Intangible assets


		£
	Cost
	At 29 April 2021 and 28 April 2022	377,785
		_______
	Amortisation
	At 29 April 2021 and 28 April 2022	377,785
		_______
	Carrying amount
	At 28 April 2022	-
		_______
	At 28 April 2021	-
		_______

5. Related party transactions

The company has taken advantage of the exemption available under FRS 102, Section 1A. Whereby, it has not disclosed transactions with its related parties as these occurred under normal market conditions. The transactions for the year relate to debtors and creditors only .

6. Controlling party

The company is controlled by THC H Realisations Limited, a company registered in England and Wales, it's immediate parent company. The ultimate controlling party is M C Harris, by virtue of his 100% shareholding in THC H Realisations Limited.