Fithub Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07375895 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th September 2016

for

FITHUB LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Mair

R H C Kirkland

REGISTERED OFFICE:

Goodman House

13a West Street

Reigate

Surrey

RH2 9BL

REGISTERED NUMBER:

07375895 (England and Wales)

ACCOUNTANTS:

Cheeld Wheeler & Co

Chartered Certified Accountants

Goodman House

13a West Street

Reigate

Surrey

RH2 9BL

FIXED ASSETS

Tangible assets

2

297

218,279

CURRENT ASSETS

Debtors

4,728

23,934

Cash at bank

101,408

26,443

106,136

50,377

CREDITORS

Amounts falling due within one year

84,235

69,123

NET CURRENT ASSETS/(LIABILITIES)

21,901

(18,746

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,198

199,533

CREDITORS

Amounts falling due after more than one year

-

251,561

NET ASSETS/(LIABILITIES)

22,198

(52,028

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

22,196

(52,030

)

SHAREHOLDERS' FUNDS

22,198

(52,028

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19th December 2016 and were signed on its behalf by:

R H C Kirkland - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents revenue receivable from members as membership fees and subscriptions , excluding value

added tax.

Tangible fixed assets

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.

Leasehold

-

Straight line over 15 years

Improvements to property

-

Straight line over 15 years

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

404,086

Additions

3,299

Disposals

(406,820

)

At 30th September 2016

565

DEPRECIATION

At 1st October 2015

185,807

Charge for year

100

Eliminated on disposal

(185,639

)

At 30th September 2016

268

NET BOOK VALUE

At 30th September 2016

297

At 30th September 2015

218,279

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

as restated

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was financed by loans made by the directors. At 30th September 2016 Mr Mair loaned the

company £Nil (2015 £48,250) and Mr Kirkland £Nil (2015 £160,750).

The loans bore interest at 5% per annum. During the year the loan from Mr Kirkland accrued interest of £Nil

(2015-£8,750) and the loan from Mr Mair £Nil (2015 - £2,750).

5.

CONTROL

The company is under the control of the directors, Mr J Mair and Mr R H C Kirkland who hold all the shares in

issue.