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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
Page
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First Rate Training Limited Company Information for the year ended 31 December 2023
Directors
Kirstie Louise Jones Justin Harding Jones
Secretary
ESquare Ltd
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
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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
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First Rate Training Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,177 
32,089 
Current assets
Debtors
6,371 
8,247 
Cash at bank and in hand
13,205 
21,867 
19,576 
30,114 
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)
Net assets
24,301 
38,998 
Capital and reserves
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
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First Rate Training Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
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.
Turnover
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 
Depreciation
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 
Net book value
At 31 December 2023
5,865 
15,313 
(1)
21,177 
At 31 December 2022
6,569 
25,521 
(1)
32,089 
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First Rate Training Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,928 
8,137 
Accrued income and prepayments
3,333 
- 
Other debtors
110 
110 
6,371 
8,247 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
158 
5,898 
Trade creditors
3,881 
950 
Taxes and social security
2,781 
2,059 
Other creditors
116 
175 
6,936 
9,082 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
9,516 
14,123 
8
Share capital
2023 
2022 
£ 
£ 
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).
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