IRIS Accounts Production v24.1.0.578 06648801 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066488012023-03-31066488012024-03-31066488012023-04-012024-03-31066488012022-03-31066488012022-04-012023-03-31066488012023-03-3106648801ns15:EnglandWales2023-04-012024-03-3106648801ns14:PoundSterling2023-04-012024-03-3106648801ns10:Director12023-04-012024-03-3106648801ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106648801ns10:SmallEntities2023-04-012024-03-3106648801ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106648801ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106648801ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106648801ns10:FullAccounts2023-04-012024-03-3106648801ns10:Director22023-04-012024-03-3106648801ns10:RegisteredOffice2023-04-012024-03-3106648801ns5:CurrentFinancialInstruments2024-03-3106648801ns5:CurrentFinancialInstruments2023-03-3106648801ns5:ShareCapital2024-03-3106648801ns5:ShareCapital2023-03-3106648801ns5:RetainedEarningsAccumulatedLosses2024-03-3106648801ns5:RetainedEarningsAccumulatedLosses2023-03-3106648801ns5:LeaseholdImprovements2023-04-012024-03-3106648801ns5:PlantMachinery2023-04-012024-03-3106648801ns5:FurnitureFittings2023-04-012024-03-3106648801ns5:MotorVehicles2023-04-012024-03-3106648801ns5:ComputerEquipment2023-04-012024-03-3106648801ns5:LeaseholdImprovements2023-03-3106648801ns5:PlantMachinery2023-03-3106648801ns5:FurnitureFittings2023-03-3106648801ns5:LeaseholdImprovements2024-03-3106648801ns5:PlantMachinery2024-03-3106648801ns5:FurnitureFittings2024-03-3106648801ns5:LeaseholdImprovements2023-03-3106648801ns5:PlantMachinery2023-03-3106648801ns5:FurnitureFittings2023-03-3106648801ns5:MotorVehicles2023-03-3106648801ns5:ComputerEquipment2023-03-3106648801ns5:MotorVehicles2024-03-3106648801ns5:ComputerEquipment2024-03-3106648801ns5:MotorVehicles2023-03-3106648801ns5:ComputerEquipment2023-03-3106648801ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106648801ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 06648801 (England and Wales)















NUMBER 1 LETTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2024






NUMBER 1 LETTING LIMITED (REGISTERED NUMBER: 06648801)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NUMBER 1 LETTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr P J Singleton
Miss T Brown





REGISTERED OFFICE: 17 Cornmarket
Pontefract
West Yorkshire
WF8 1AN





REGISTERED NUMBER: 06648801 (England and Wales)





ACCOUNTANTS: KTC
Chartered Certified Accountants
80 West View
Barlby Road
Selby
North Yorkshire
YO8 5BD

NUMBER 1 LETTING LIMITED (REGISTERED NUMBER: 06648801)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 27,017 41,496

CURRENT ASSETS
Debtors 5 41,821 24,937
Cash at bank and in hand 226,373 149,918
268,194 174,855
CREDITORS
Amounts falling due within one year 6 (265,166 ) (169,828 )
NET CURRENT ASSETS 3,028 5,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,045

46,523

PROVISIONS FOR LIABILITIES (5,174 ) (6,075 )
NET ASSETS 24,871 40,448

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 24,870 40,447
SHAREHOLDERS' FUNDS 24,871 40,448

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

NUMBER 1 LETTING LIMITED (REGISTERED NUMBER: 06648801)

BALANCE SHEET - continued
31ST MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd May 2024 and were signed on its behalf by:





Mr P J Singleton - Director


NUMBER 1 LETTING LIMITED (REGISTERED NUMBER: 06648801)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Number 1 Letting 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 represents property management fees and setup fees receivable within the accounting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Office equipment - 20% on reducing balance
Computer equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Website - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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 17 (2023 - 18 ) .

NUMBER 1 LETTING LIMITED (REGISTERED NUMBER: 06648801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Office Computer
property equipment equipment
£    £    £   
COST
At 1st April 2023 3,624 15,012 40,152
Additions - - 2,314
Disposals - - (3,906 )
At 31st March 2024 3,624 15,012 38,560
DEPRECIATION
At 1st April 2023 2,795 7,259 19,847
Charge for year 83 1,551 4,408
Eliminated on disposal - - (3,608 )
At 31st March 2024 2,878 8,810 20,647
NET BOOK VALUE
At 31st March 2024 746 6,202 17,913
At 31st March 2023 829 7,753 20,305

Motor
vehicles Website Totals
£    £    £   
COST
At 1st April 2023 14,400 15,300 88,488
Additions - - 2,314
Disposals (14,400 ) - (18,306 )
At 31st March 2024 - 15,300 72,496
DEPRECIATION
At 1st April 2023 4,486 12,605 46,992
Charge for year - 539 6,581
Eliminated on disposal (4,486 ) - (8,094 )
At 31st March 2024 - 13,144 45,479
NET BOOK VALUE
At 31st March 2024 - 2,156 27,017
At 31st March 2023 9,914 2,695 41,496

NUMBER 1 LETTING LIMITED (REGISTERED NUMBER: 06648801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,292 6,112
Prepayments and accrued income 35,529 18,825
41,821 24,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,644 13,150
Tax 30,920 18,549
Social security and other taxes 8,171 7,219
VAT 35,603 29,770
Client balances 176,246 88,860
Other creditors - 159
Directors' current accounts 145 112
Accrued expenses 10,437 12,009
265,166 169,828

7. OTHER FINANCIAL COMMITMENTS

At 31st March 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £48,180 (2023 - £12,000).