A1 Fixquick Garage Doors Limited 05059290 false 2021-06-01 2022-05-31 2022-05-31 The principal activity of the company is the supply and fit of garage door operators along with the service and maintenance of operators. Digita Accounts Production Advanced 6.30.9574.0 true 05059290 2021-06-01 2022-05-31 05059290 2022-05-31 05059290 core:CurrentFinancialInstruments 2022-05-31 05059290 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 05059290 core:FurnitureFittings 2022-05-31 05059290 core:MotorVehicles 2022-05-31 05059290 core:OfficeEquipment 2022-05-31 05059290 bus:SmallEntities 2021-06-01 2022-05-31 05059290 bus:AuditExemptWithAccountantsReport 2021-06-01 2022-05-31 05059290 bus:FullAccounts 2021-06-01 2022-05-31 05059290 bus:SmallCompaniesRegimeForAccounts 2021-06-01 2022-05-31 05059290 bus:RegisteredOffice 2021-06-01 2022-05-31 05059290 bus:Director1 2021-06-01 2022-05-31 05059290 bus:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 05059290 core:FurnitureFittings 2021-06-01 2022-05-31 05059290 core:MotorVehicles 2021-06-01 2022-05-31 05059290 core:OfficeEquipment 2021-06-01 2022-05-31 05059290 countries:EnglandWales 2021-06-01 2022-05-31 05059290 2021-05-31 05059290 core:FurnitureFittings 2021-05-31 05059290 core:MotorVehicles 2021-05-31 05059290 core:OfficeEquipment 2021-05-31 05059290 2020-06-01 2021-05-31 05059290 2021-05-31 05059290 core:CurrentFinancialInstruments 2021-05-31 05059290 core:CurrentFinancialInstruments core:WithinOneYear 2021-05-31 05059290 core:FurnitureFittings 2021-05-31 05059290 core:MotorVehicles 2021-05-31 05059290 core:OfficeEquipment 2021-05-31 iso4217:GBP xbrli:pure

Registration number: 05059290

A1 Fixquick Garage Doors Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2022

 

A1 Fixquick Garage Doors Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

A1 Fixquick Garage Doors Limited

(Registration number: 05059290)
Balance Sheet as at 31 May 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

1,288

1,667

Current assets

 

Stocks

5

1,315

1,330

Debtors

6

1,897

1,808

Cash at bank and in hand

 

3,689

19,682

 

6,901

22,820

Creditors: Amounts falling due within one year

7

(6,294)

(18,529)

Net current assets

 

607

4,291

Total assets less current liabilities

 

1,895

5,958

Provisions for liabilities

(243)

(316)

Net assets

 

1,652

5,642

Capital and reserves

 

Called up share capital

2

2

Retained earnings

1,650

5,640

Shareholders' funds

 

1,652

5,642

For the financial year ending 31 May 2022 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 6 September 2022 and signed on its behalf by:
 

 

A1 Fixquick Garage Doors Limited

(Registration number: 05059290)
Balance Sheet as at 31 May 2022

.........................................
Mr DT Green
Director

 

A1 Fixquick Garage Doors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Westlands Road
Newbury
Berkshire
RG14 7JY
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

A1 Fixquick Garage Doors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

Asset class

Depreciation method and rate

Fixtures and fittings

15% on reducing balance

Motor vehicles

25% on reducing balance

Office equipment

15% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

 

A1 Fixquick Garage Doors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2021

152

1,524

18,873

20,549

At 31 May 2022

152

1,524

18,873

20,549

Depreciation

At 1 June 2021

124

1,184

17,574

18,882

Charge for the year

4

51

324

379

At 31 May 2022

128

1,235

17,898

19,261

Carrying amount

At 31 May 2022

24

289

975

1,288

At 31 May 2021

28

340

1,299

1,667

5

Stocks

2022
£

2021
£

Other inventories

1,315

1,330

6

Debtors

Current

2022
£

2021
£

Trade debtors

1,897

1,808

 

A1 Fixquick Garage Doors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

-

876

Taxation and social security

3,500

9,741

Other creditors

2,794

7,912

6,294

18,529

8

Related party transactions

Other transactions with directors

The director had a loan with the company. At the balance sheet date the amount due to the director was £94 (2021: £5,211)