THE GETMEFIT COLLECTIVE LTD

THE GETMEFIT COLLECTIVE LTD

THE GETMEFIT COLLECTIVE LTD - Company Information

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THE GETMEFIT COLLECTIVE LTD

Company Registration Number:
12667060 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2021

Period of accounts

Start date: 12 June 2020

End date: 30 June 2021

THE GETMEFIT COLLECTIVE LTD

Contents of the Financial Statements

for the Period Ended 30 June 2021

Balance sheet
Notes

THE GETMEFIT COLLECTIVE LTD

Balance sheet

As at 30 June 2021


Notes
13 months to 30 June 2021


£
Fixed assets
Tangible assets: 3 1,141
Total fixed assets: 1,141
Current assets
Debtors: 4 3,040
Cash at bank and in hand: 4,117
Total current assets: 7,157
Creditors: amounts falling due within one year: 5 (3,246)
Net current assets (liabilities): 3,911
Total assets less current liabilities: 5,052
Total net assets (liabilities): 5,052
Capital and reserves
Called up share capital: 68
Share premium account: 33,331
Profit and loss account: (28,347)
Shareholders funds: 5,052

The notes form part of these financial statements

THE GETMEFIT COLLECTIVE LTD

Balance sheet statements

For the year ending 30 June 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 February 2022
and signed on behalf of the board by:

Name: G Northen
Status: Director

The notes form part of these financial statements

THE GETMEFIT COLLECTIVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

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.Computer equipment - 33% on cost

Other accounting policies

Financial instrumentsThe company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS102 to all of its financial instruments. Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.TaxationTaxation for the year 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 balance sheet date.Deferred taxDeferred 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.Development costsDevelopment costs are written off to the profit and loss account in the period in which they are incurred.

THE GETMEFIT COLLECTIVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

2. Employees

13 months to 30 June 2021
Average number of employees during the period 0

THE GETMEFIT COLLECTIVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

3. Tangible Assets

Total
Cost £
Additions 1,208
At 30 June 2021 1,208
Depreciation
Charge for year 67
At 30 June 2021 67
Net book value
At 30 June 2021 1,141

THE GETMEFIT COLLECTIVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

4. Debtors

The balance is made up of other debtors of £3,040

THE GETMEFIT COLLECTIVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

5. Creditors: amounts falling due within one year note

This balance is made up of Trade creditors £129 and Other creditors £3,117

THE GETMEFIT COLLECTIVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

6. Related party transactions

Name of the related party: G Northen
Relationship:
Director
Description of the Transaction: The transaction was an interest free cash loan to purchase an asset. There are no terms attached to the loan which is included within other creditors.
£
Balance at 30 June 2021 1,510

THE GETMEFIT COLLECTIVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

7. Post balance sheet events

30,000 Ordinary shares have been issued after the balance sheet date for cash at £1 per share.