Company Registration No. 08361599 (England and Wales)
First Rate Training Limited
Unaudited accounts
for the year ended 31 December 2023
First Rate Training Limited
Unaudited accounts
Contents
First Rate Training Limited
Company Information
for the year ended 31 December 2023
Directors
Kirstie Louise Jones
Justin Harding Jones
Company Number
08361599 (England and Wales)
Registered Office
VILLA HOUSE
7 HERBERT TERRACE
PENARTH
SOUTH GLAMORGAN
CF64 2AH
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
First Rate Training Limited
for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of First Rate Training Limited for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
15 March 2024
First Rate Training Limited
Statement of financial position
as at 31 December 2023
Tangible assets
21,177
32,089
Cash at bank and in hand
13,205
21,867
Creditors: amounts falling due within one year
(6,936)
(9,082)
Net current assets
12,640
21,032
Total assets less current liabilities
33,817
53,121
Creditors: amounts falling due after more than one year
(9,516)
(14,123)
Called up share capital
2
2
Profit and loss account
24,299
38,996
Shareholders' funds
24,301
38,998
For the year ending 31 December 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 15 March 2024 and were signed on its behalf by
Kirstie Louise Jones
Director
Company Registration No. 08361599
First Rate Training Limited
Notes to the Accounts
for the year ended 31 December 2023
First Rate Training Limited is a private company, limited by shares, registered in England and Wales, registration number 08361599. The registered office is VILLA HOUSE, 7 HERBERT TERRACE, PENARTH, SOUTH GLAMORGAN, CF64 2AH.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Motor vehicles
4 years straight line
Computer equipment
3 years straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
7,038
40,833
1,648
49,519
At 31 December 2023
7,038
40,833
1,648
49,519
At 1 January 2023
469
15,312
1,649
17,430
Charge for the year
704
10,208
-
10,912
At 31 December 2023
1,173
25,520
1,649
28,342
At 31 December 2023
5,865
15,313
(1)
21,177
At 31 December 2022
6,569
25,521
(1)
32,089
First Rate Training Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
3,333
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,781
2,059
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
9,516
14,123
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
The company was owed £110 (2022: £110) by JK Jones Developments Limited (13360221), a company under common control.
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).