17 February 2023 false No description of principal activity Taxfiler 2024.5 14670850business:PrivateLimitedCompanyLtd2023-02-172024-05-31 146708502023-02-16 146708502023-02-172024-05-31 14670850business:AuditExemptWithAccountantsReport2023-02-172024-05-31 14670850business:FilletedAccounts2023-02-172024-05-31 146708502024-05-31 14670850business:Director12023-02-172024-05-31 14670850business:RegisteredOffice2023-02-172024-05-31 14670850core:WithinOneYear2024-05-31 14670850core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14670850core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14670850core:PreviouslyStatedAmount2024-05-31 14670850business:SmallEntities2023-02-172024-05-31 14670850countries:EnglandWales2023-02-172024-05-31 14670850core:FurnitureFittings2023-02-172024-05-31 14670850core:ComputerEquipment2023-02-172024-05-31 14670850core:FurnitureFittings2023-02-16 14670850core:ComputerEquipment2023-02-16 14670850core:FurnitureFittings2024-05-31 14670850core:ComputerEquipment2024-05-31 14670850business:OrdinaryShareClass12023-02-172024-05-31 14670850business:Director112023-02-172024-05-31 14670850business:Director112023-02-16 14670850business:Director112024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14670850 (England and Wales)
First Fix Formwork Limited Unaudited accounts for the period from 17 February 2023 to 31 May 2024
First Fix Formwork Limited Unaudited accounts Contents
Page
- 2 -
First Fix Formwork Limited Company Information for the period from 17 February 2023 to 31 May 2024
Director
C Whitehorne
Company Number
14670850 (England and Wales)
Registered Office
27 Valley View Market Drayton Shropshire TF9 1EA
Accountants
Thursfields Accountancy Limited Business Lodge, Trent House 234 Victoria Road Stoke-on-Trent Staffordshire ST4 2LW
- 3 -
First Fix Formwork Limited Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
13,249 
Current assets
Inventories
22,650 
Debtors
470,430 
Cash at bank and in hand
73,768 
566,848 
Creditors: amounts falling due within one year
(316,108)
Net current assets
250,740 
Total assets less current liabilities
263,989 
Provisions for liabilities
Deferred tax
(3,312)
Net assets
260,677 
Capital and reserves
Called up share capital
100 
Profit and loss account
260,577 
Shareholders' funds
260,677 
For the period ending 31 May 2024 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 director acknowledges her 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 and authorised for issue on 27 August 2024 and were signed on its behalf by
C Whitehorne Director Company Registration No. 14670850
- 4 -
First Fix Formwork Limited Notes to the Accounts for the period from 17 February 2023 to 31 May 2024
1
Statutory information
First Fix Formwork Limited is a private company, limited by shares, registered in England and Wales, registration number 14670850. The registered office is 27 Valley View, Market Drayton, Shropshire, TF9 1EA.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Fixtures & fittings
15% reducing balance
Computer equipment
3 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
- 5 -
First Fix Formwork Limited Notes to the Accounts for the period from 17 February 2023 to 31 May 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 17 February 2023
- 
- 
- 
Additions
600 
15,821 
16,421 
At 31 May 2024
600 
15,821 
16,421 
Depreciation
Charge for the period
60 
3,112 
3,172 
At 31 May 2024
60 
3,112 
3,172 
Net book value
At 31 May 2024
540 
12,709 
13,249 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
386,852 
Accrued income and prepayments
9,307 
Other debtors
74,271 
470,430 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
22,987 
Trade creditors
202,319 
Taxes and social security
82,969 
Other creditors
5,333 
Accruals
2,500 
316,108 
7
Share capital
2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
- 6 -
First Fix Formwork Limited Notes to the Accounts for the period from 17 February 2023 to 31 May 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
C Whitehorne
Interest free, repayable on demand loan
- 
71,271 
- 
71,271 
- 
71,271 
- 
71,271 
9
Average number of employees
During the period the average number of employees was 7.
- 7 -