Registered number
11198177
1ST STOP MAINTENANCE LTD
Unaudited Filleted Accounts
28 February 2023
1ST STOP MAINTENANCE LTD
Registered number: 11198177
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 80,362 29,806
Current assets
Debtors 4 38,816 25,471
Cash at bank and in hand 12,445 53,991
51,261 79,462
Creditors: amounts falling due within one year 5 (92,853) (59,873)
Net current (liabilities)/assets (41,592) 19,589
Net assets 38,770 49,395
Capital and reserves
Called up share capital 100 100
Profit and loss account 38,670 49,295
Shareholders' funds 38,770 49,395
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Leonard Cooney
Director
Approved by the board on 15 September 2023
1ST STOP MAINTENANCE LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 4,621 32,636 37,257
Additions 14,341 58,167 72,508
At 28 February 2023 18,962 90,803 109,765
Depreciation
At 1 March 2022 924 6,527 7,451
Charge for the year 3,792 18,160 21,952
At 28 February 2023 4,716 24,687 29,403
Net book value
At 28 February 2023 14,246 66,116 80,362
At 28 February 2022 3,697 26,109 29,806
4 Debtors 2023 2022
£ £
Trade debtors 38,816 25,471
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 31,073 -
Trade creditors 6,612 11,556
Taxation and social security costs 26,561 12,819
Other creditors 28,607 35,498
92,853 59,873
6 Other information
1ST STOP MAINTENANCE LTD is a private company limited by shares and incorporated in England. Its registered office is:
6 Dunbar Place
Wickford
SS12 9PY
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