Registered number
12323276
First Kick Management Limited
Filleted Accounts
30 November 2023
First Kick Management Limited
Registered number: 12323276
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,323 9,735
Current assets
Debtors 4 5,000 60,171
Cash at bank and in hand 153,800 48,761
158,800 108,932
Creditors: amounts falling due within one year 5 (84,759) (30,815)
Net current assets 74,041 78,117
Total assets less current liabilities 80,364 87,852
Creditors: amounts falling due after more than one year 6 (13,500) (22,500)
Net assets 66,864 65,352
Capital and reserves
Called up share capital 10 10
Profit and loss account 66,854 65,342
Shareholder's funds 66,864 65,352
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Me Mark Ganner
Director
Approved by the board on 28 August 2024
First Kick Management Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Fixtures, fittings, tools and equipment over 3 or 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 35 11
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 19,284 1,885 21,169
Additions 4,497 - 4,497
At 30 November 2023 23,781 1,885 25,666
Depreciation
At 1 December 2022 10,492 942 11,434
Charge for the year 7,438 471 7,909
At 30 November 2023 17,930 1,413 19,343
Net book value
At 30 November 2023 5,851 472 6,323
At 30 November 2022 8,792 943 9,735
4 Debtors 2023 2022
£ £
Other debtors 5,000 60,171
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,000 9,000
Taxation and social security costs 72,598 18,376
Other creditors 3,161 3,439
84,759 30,815
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,500 22,500
7 Other information
First Kick Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
9a Hennel Lane
Walton le Dale
Preston
Lancashire
PR5 4LA
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