Company Registration No. 11598022 (England and Wales)
FAST CNC LIMITED
Unaudited accounts
for the year ended 31 October 2023
FAST CNC LIMITED
Unaudited accounts
Contents
FAST CNC LIMITED
Company Information
for the year ended 31 October 2023
Directors
Rodrigo De Castro Gasparello
Joziane Terezinha Dalcomuna
Company Number
11598022 (England and Wales)
Registered Office
36 SEVERN DRIVE
UPMINSTER
ESSEX
RM14 1SW
Accountants
Fox Accountancy Limited
88 Corbets Tey Road
Upminster
Essex
RM14 2BA
FAST CNC LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
11,744
11,497
Cash at bank and in hand
25,809
5,949
Creditors: amounts falling due within one year
(16,314)
(7,297)
Net current assets
13,434
9,526
Total assets less current liabilities
25,178
21,023
Creditors: amounts falling due after more than one year
(13,663)
(16,121)
Called up share capital
100
100
Profit and loss account
11,415
4,802
Shareholders' funds
11,515
4,902
For the year ending 31 October 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 26 July 2024 and were signed on its behalf by
Rodrigo De Castro Gasparello
Director
Company Registration No. 11598022
FAST CNC LIMITED
Notes to the Accounts
for the year ended 31 October 2023
FAST CNC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11598022. The registered office is 36 SEVERN DRIVE, UPMINSTER, ESSEX, RM14 1SW.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% straight line on cost
4
Tangible fixed assets
Motor vehicles
FAST CNC LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
87
1,131
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,200
1,200
Obligations under finance leases and hire purchase contracts
7,264
4,599
Taxes and social security
2,089
1,458
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
11,763
13,031
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Rodrigo De Castro Gasparello
Interest free loan
-
1,000
-
1,000
Joziane Terezinha Dalcomuna
Interest free loan
-
1,000
-
1,000
The interest free loans are included within debtors (note 5).
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).