Registered Number 06960798

ABSOLUTELY FIT LIMITED

Abbreviated Accounts

31 July 2012

ABSOLUTELY FIT LIMITED Registered Number 06960798

Abbreviated Balance Sheet as at 31 July 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 9,223 17,411
9,223 17,411
Current assets
Debtors 2,041 1,723
Cash at bank and in hand 7,106 7,350
9,147 9,073
Creditors: amounts falling due within one year (32,830) (37,365)
Net current assets (liabilities) (23,683) (28,292)
Total assets less current liabilities (14,460) (10,881)
Total net assets (liabilities) (14,460) (10,881)
Capital and reserves
Called up share capital 1 1
Profit and loss account (14,461) (10,882)
Shareholders' funds (14,460) (10,881)
  • For the year ending 31 July 2012 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 April 2013

And signed on their behalf by:
M Dol, Director

ABSOLUTELY FIT LIMITED Registered Number 06960798

Notes to the Abbreviated Accounts for the period ended 31 July 2012

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Deprecation is provided at the following rates in order to write off each asset over its estimated useful life. Plant and machinery 33% - 25% on cost.

Assets obtained under hire purchase contracts are capitalised in the balance sheet. Those held under hire purchase agreement are deprecated over their estimated useful life. The interest element is charged to the profit and loss account over the relevant period. The capital element of future payments are treated as a liability.

2Tangible fixed assets
£
Cost
At 1 August 2011 25,599
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2012 25,599
Depreciation
At 1 August 2011 8,188
Charge for the year 8,188
On disposals -
At 31 July 2012 16,376
Net book values
At 31 July 2012 9,223
At 31 July 2011 17,411

Included in plant and machinery are assets held under hire purchase contracts. The net book value of these assets amounted to £6,945 (2011: £13,890).