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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
Page
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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
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FAST FIT CLUTCH AND SERVICE CENTRE LIMITED Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,000 
14,000 
Current assets
Debtors
10,292 
10,292 
Cash at bank and in hand
81,702 
57,200 
91,994 
67,492 
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)
Net assets
17,545 
17,205 
Capital and reserves
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
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FAST FIT CLUTCH AND SERVICE CENTRE LIMITED Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
5 years
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
20,000 
At 30 September 2023
20,000 
Depreciation
At 1 October 2022
6,000 
Charge for the year
2,000 
At 30 September 2023
8,000 
Net book value
At 30 September 2023
12,000 
At 30 September 2022
14,000 
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FAST FIT CLUTCH AND SERVICE CENTRE LIMITED Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
10,292 
10,292 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,312 
- 
Taxes and social security
6,639 
2,762 
Proposed dividends
16,000 
18,406 
Loans from directors
23,907 
- 
Accruals
- 
960 
50,858 
22,128 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,591 
42,159 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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