Company Registration No. 12214907 (England and Wales)
FAST FIT CLUTCH AND SERVICE CENTRE LIMITED
Unaudited accounts
for the year ended 30 September 2023
FAST FIT CLUTCH AND SERVICE CENTRE LIMITED
Unaudited accounts
Contents
FAST FIT CLUTCH AND SERVICE CENTRE LIMITED
Company Information
for the year ended 30 September 2023
Directors
Dean Birch
Manjinder Klair
Company Number
12214907 (England and Wales)
Registered Office
9 CROOKHAY LANE
HILLTOP
WEST BROMWICH
B71 2NE
UNITED KINGDOM
Accountants
Daniel Raj (ACA) North Stone Chartered Accountants
99 Chester Road
Streetly
Sutton Coldfield
West Midlands
B74 2HE
FAST FIT CLUTCH AND SERVICE CENTRE LIMITED
Statement of financial position
as at 30 September 2023
Tangible assets
12,000
14,000
Cash at bank and in hand
81,702
57,200
Creditors: amounts falling due within one year
(50,858)
(22,128)
Net current assets
41,136
45,364
Total assets less current liabilities
53,136
59,364
Creditors: amounts falling due after more than one year
(35,591)
(42,159)
Called up share capital
2
2
Profit and loss account
17,543
17,203
Shareholders' funds
17,545
17,205
For the year ending 30 September 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2023 and were signed on its behalf by
Manjinder Klair
Director
Company Registration No. 12214907
FAST FIT CLUTCH AND SERVICE CENTRE LIMITED
Notes to the Accounts
for the year ended 30 September 2023
FAST FIT CLUTCH AND SERVICE CENTRE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12214907. The registered office is 9 CROOKHAY LANE, HILLTOP, WEST BROMWICH, B71 2NE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 September 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
At 30 September 2023
20,000
At 30 September 2023
8,000
At 30 September 2023
12,000
At 30 September 2022
14,000
FAST FIT CLUTCH AND SERVICE CENTRE LIMITED
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Other debtors
10,292
10,292
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,639
2,762
Proposed dividends
16,000
18,406
Loans from directors
23,907
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).