Fit Digital Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05971280 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2018 TO 31 OCTOBER 2018

FOR

FIT DIGITAL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

N Ridley

Ms K Morita

SECRETARY:

Ms K Morita

REGISTERED OFFICE:

New King's House

136-144 New King's Road

London

SW6 4LZ

REGISTERED NUMBER:

05971280 (England and Wales)

ACCOUNTANTS:

March Mutual Ltd

F25 Waterfront Studios

1 Dock Road

London

E16 1AH

FIXED ASSETS

Tangible assets

4

1,323

868

CURRENT ASSETS

Debtors

5

6,210

6,210

Cash at bank

259,373

415,967

265,583

422,177

CREDITORS

Amounts falling due within one year

6

61,136

117,105

NET CURRENT ASSETS

204,447

305,072

TOTAL ASSETS LESS CURRENT LIABILITIES

205,770

305,940

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

205,760

305,930

SHAREHOLDERS' FUNDS

205,770

305,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16 July 2019 and were signed on its behalf by:

N Ridley - Director

1.	STATUTORY INFORMATION

Fit Digital Limited 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.

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.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 period 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 period was 2 (2018 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2018

10,947

Additions

1,107

At 31 October 2018

12,054

DEPRECIATION

At 1 July 2018

9,512

Charge for period

1,219

At 31 October 2018

10,731

NET BOOK VALUE

At 31 October 2018

1,323

At 30 June 2018

1,435

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.18

30.6.18

£

£

Amounts owed by associates

6,210

6,210

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

30.6.18

£

£

Tax

59,138

114,875

VAT

1,548

2,230

Accrued expenses

450

-

61,136

117,105

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.18

30.6.18

value:

£

£

10

Ordinary

£1

10

10