GET_FITT_LIMITED - Accounts

GET FITT LIMITED - Company Information

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Company Registration No. 05285105 (England and Wales)

GET FITT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

GET FITT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GET FITT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

10,891

14,665

Current assets

Stocks

18,033

18,639

Debtors

674

997

Cash at bank and in hand

24,783

8,992

43,490

28,628

Creditors: amounts falling due within one year

(58,957)

(69,075)

Net current liabilities

(15,467)

(40,447)

Total assets less current liabilities

(4,576)

(25,782)

Creditors: amounts falling due after more than one year

(8,959)

(12,279)

(13,535)

(38,061)

Capital and reserves

Called up share capital

100

Profit and loss account

(13,635)

(38,161)

Shareholders' funds

(13,535)

(38,061)

For the financial year ended 30 April 2015 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 November 2015

Mr M Givert

Director

Company Registration No. 05285105

GET FITT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

At the year end the company had net current liabilities of £15,467 (2014: £40,447). The directors are however of the opinion that the company continues to operate as a going concern. This is due to the reasons that Mr M Givert has undertaken not to seek repayment of amounts due to him in respect of his director's loan account of until such time that the company is in a position to make the repayment, and to retain sufficient working capital within the business to meet the company's other liabilities as they fall due. On the basis of the circumstance outlined above the directors consider that it is appropriate that the financial statements have been drawn up in accordance with the going concern concept. The financial statements do not include adjustments that would be necessary if financial support was withdrawn and the company was unable to continue as a going concern.

1.2

Turnover

Turnover represents amounts receivable for the sale of health and beauty products net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

33.33% Straight Line

Computer equipment

33.33% Straight Line

Fixtures, fittings & equipment

33.33% Straight Line

Motor vehicles

25.00% Straight Line

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

GET FITT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 May 2014

23,618

Additions

1,629

At 30 April 2015

25,247

Depreciation

At 1 May 2014

8,953

Charge for the year

5,403

At 30 April 2015

14,356

Net book value

At 30 April 2015

10,891

At 30 April 2014

14,665

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £3,320 (2014 - £3,320).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100