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REGISTERED NUMBER: 09881553 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

First 4 Repairs Limited

First 4 Repairs Limited (Registered number: 09881553)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


First 4 Repairs Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A Mortimer
N Mortimer





REGISTERED OFFICE: 6b Charlton Road
Shepton Mallet
Somerset
BA4 5NY





REGISTERED NUMBER: 09881553 (England and Wales)

First 4 Repairs Limited (Registered number: 09881553)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,817 104,057

CURRENT ASSETS
Stocks 19,713 15,783
Debtors 5 198,728 95,123
Prepayments and accrued income 6,632 13,266
Cash at bank 217,623 127,938
442,696 252,110
CREDITORS
Amounts falling due within one year 6 265,421 146,793
NET CURRENT ASSETS 177,275 105,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,092

209,374

ACCRUALS AND DEFERRED INCOME 16,002 12,262
NET ASSETS 294,090 197,112

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 294,088 197,110
SHAREHOLDERS' FUNDS 294,090 197,112

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 August 2024 and were signed on its behalf by:




A Mortimer - Director



N Mortimer - Director


First 4 Repairs Limited (Registered number: 09881553)

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

1. STATUTORY INFORMATION

First 4 Repairs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services for property maintenance and refurbishment.

Tangible fixed assets
Depreciation is applied at various rates dependent on the asset.

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 18 (2022 - 16 ) .

First 4 Repairs Limited (Registered number: 09881553)

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

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 December 2022 39,808 131,455 171,263
Additions 8,971 82,135 91,106
Disposals (4,743 ) (15,995 ) (20,738 )
At 30 November 2023 44,036 197,595 241,631
DEPRECIATION
At 1 December 2022 20,722 46,484 67,206
Charge for year 6,735 48,705 55,440
Eliminated on disposal (4,743 ) (9,089 ) (13,832 )
At 30 November 2023 22,714 86,100 108,814
NET BOOK VALUE
At 30 November 2023 21,322 111,495 132,817
At 30 November 2022 19,086 84,971 104,057

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 198,728 95,123

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 68,633 28,357
Tax 26,213 15,344
Social security and other taxes 120,571 63,088
Directors' current accounts 50,004 40,004
265,421 146,793

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 7,040 -
Between one and five years 10,560 -
17,600 -

8. PROVISIONS

Included within the trade debtors balance is a general provision for bad debts.