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REGISTERED NUMBER: 04228164 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

FIRST 4 CAR FINANCE CO.UK LTD

FIRST 4 CAR FINANCE CO.UK LTD (REGISTERED NUMBER: 04228164)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIRST 4 CAR FINANCE CO.UK LTD

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTOR: Mr R A Leeming





REGISTERED OFFICE: 1 Occupation Lane
Uppermoor
Pudsey
Leeds
West Yorkshire
LS28 8HL





REGISTERED NUMBER: 04228164 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

FIRST 4 CAR FINANCE CO.UK LTD (REGISTERED NUMBER: 04228164)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 874,445 853,037

CURRENT ASSETS
Stocks 868,744 691,713
Debtors 5 16,320 7,731
Cash at bank and in hand 369,468 370,774
1,254,532 1,070,218
CREDITORS
Amounts falling due within one year 6 378,684 354,906
NET CURRENT ASSETS 875,848 715,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,750,293

1,568,349

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,750,193 1,568,249
SHAREHOLDERS' FUNDS 1,750,293 1,568,349

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

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

The director acknowledges his 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.

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 director and authorised for issue on 10 April 2024 and were signed by:





Mr R A Leeming - Director


FIRST 4 CAR FINANCE CO.UK LTD (REGISTERED NUMBER: 04228164)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

First 4 Car Finance Co.uk Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 15 (2022 - 15 ) .

FIRST 4 CAR FINANCE CO.UK LTD (REGISTERED NUMBER: 04228164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 785,242 51,966 56,719 107,125 1,001,052
Additions - 33,790 1,696 15,594 51,080
At 30 September 2023 785,242 85,756 58,415 122,719 1,052,132
DEPRECIATION
At 1 October 2022 - 31,909 38,742 77,364 148,015
Charge for year - 10,770 3,935 14,967 29,672
At 30 September 2023 - 42,679 42,677 92,331 177,687
NET BOOK VALUE
At 30 September 2023 785,242 43,077 15,738 30,388 874,445
At 30 September 2022 785,242 20,057 17,977 29,761 853,037

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,670 3,519
Other debtors 12,650 4,212
16,320 7,731

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 58,675 31,774
Taxation and social security 110,116 91,371
Other creditors 209,893 231,761
378,684 354,906