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REGISTERED NUMBER: 05051179 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

First Class Supply & Tutoring Limited

First Class Supply & Tutoring Limited (Registered number: 05051179)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


First Class Supply & Tutoring Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Miss L Robinson
Ms S Boulton
Mrs D S Clark





REGISTERED OFFICE: 136 Whitley Road
Whitley Bay
Tyne and Wear
NE26 2NA





REGISTERED NUMBER: 05051179 (England and Wales)

First Class Supply & Tutoring Limited (Registered number: 05051179)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,070 46,447
Investments 6 15,000 15,000
58,070 61,447

CURRENT ASSETS
Debtors 7 1,038,674 775,961
Prepayments and accrued income 20,237 26,660
Cash at bank and in hand 884,635 986,601
1,943,546 1,789,222
CREDITORS
Amounts falling due within one year 8 495,023 464,313
NET CURRENT ASSETS 1,448,523 1,324,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,506,593

1,386,356

CREDITORS
Amounts falling due after more than
one year

9

(7,407

)

(10,676

)

ACCRUALS AND DEFERRED INCOME (480,026 ) (430,369 )
NET ASSETS 1,019,160 945,311

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,019,158 945,309
SHAREHOLDERS' FUNDS 1,019,160 945,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Class Supply & Tutoring Limited (Registered number: 05051179)

Balance Sheet - continued
31 January 2024


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

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 15 March 2024 and were signed on its behalf by:




Ms S Boulton - Director



Miss L Robinson - Director


First Class Supply & Tutoring Limited (Registered number: 05051179)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

First Class Supply & Tutoring Limited is a private company, limited by shares , registered in England and Wales. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

First Class Supply & Tutoring Limited (Registered number: 05051179)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 335 (2023 - 327 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 19,828
AMORTISATION
At 1 February 2023
and 31 January 2024 19,828
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 200,966
Additions 9,990
At 31 January 2024 210,956
DEPRECIATION
At 1 February 2023 154,519
Charge for year 13,367
At 31 January 2024 167,886
NET BOOK VALUE
At 31 January 2024 43,070
At 31 January 2023 46,447

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 15,000
NET BOOK VALUE
At 31 January 2024 15,000
At 31 January 2023 15,000

First Class Supply & Tutoring Limited (Registered number: 05051179)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 768,339 524,421
Other debtors 270,335 251,540
1,038,674 775,961

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 3,269 3,269
Trade creditors 4,501 5,286
Taxation and social security 471,121 440,975
Other creditors 16,132 14,783
495,023 464,313

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 7,407 10,676