IRIS Accounts Production v23.3.1.45 NI639180 Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureNI6391802022-06-30NI6391802023-06-30NI6391802022-07-012023-06-30NI6391802021-06-30NI6391802021-07-012022-06-30NI6391802022-06-30NI639180ns16:NorthernIreland2022-07-012023-06-30NI639180ns15:PoundSterling2022-07-012023-06-30NI639180ns11:Director12022-07-012023-06-30NI639180ns11:Director22022-07-012023-06-30NI639180ns11:PrivateLimitedCompanyLtd2022-07-012023-06-30NI639180ns11:SmallEntities2022-07-012023-06-30NI639180ns11:AuditExempt-NoAccountantsReport2022-07-012023-06-30NI639180ns11:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-30NI639180ns11:SmallCompaniesRegimeForAccounts2022-07-012023-06-30NI639180ns11:AbridgedAccounts2022-07-012023-06-30NI639180ns11:RegisteredOffice2022-07-012023-06-30NI639180ns6:CurrentFinancialInstruments2023-06-30NI639180ns6:CurrentFinancialInstruments2022-06-30NI639180ns6:ShareCapital2023-06-30NI639180ns6:ShareCapital2022-06-30NI639180ns6:RetainedEarningsAccumulatedLosses2023-06-30NI639180ns6:RetainedEarningsAccumulatedLosses2022-06-30
REGISTERED NUMBER: NI639180 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

First Stop Mortgages & Protection NI Ltd

First Stop Mortgages & Protection NI Ltd (Registered number: NI639180)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


First Stop Mortgages & Protection NI Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S Smyth
J Smyth





REGISTERED OFFICE: Mayfair Business Centre
Portadown
Co. Armagh
BT62 1HA





REGISTERED NUMBER: NI639180 (Northern Ireland)





ACCOUNTANTS: WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG

First Stop Mortgages & Protection NI Ltd (Registered number: NI639180)

Abridged Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,372 3,086

CURRENT ASSETS
Debtors 4,186 7,006
Cash at bank 78,735 63,356
82,921 70,362
CREDITORS
Amounts falling due within one year 75,151 73,190
NET CURRENT ASSETS/(LIABILITIES) 7,770 (2,828 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,142 258

PROVISIONS FOR LIABILITIES 498 622
NET ASSETS/(LIABILITIES) 10,644 (364 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,544 (464 )
10,644 (364 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

First Stop Mortgages & Protection NI Ltd (Registered number: NI639180)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:




J Smyth - Director



S Smyth - Director


First Stop Mortgages & Protection NI Ltd (Registered number: NI639180)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

First Stop Mortgages & Protection NI Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

First Stop Mortgages & Protection NI Ltd (Registered number: NI639180)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 8,011
Additions 1,129
At 30 June 2023 9,140
DEPRECIATION
At 1 July 2022 4,925
Charge for year 843
At 30 June 2023 5,768
NET BOOK VALUE
At 30 June 2023 3,372
At 30 June 2022 3,086