Company Registration No. 5988739 (England and Wales)
1ST HERTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
1ST HERTS LIMITED
COMPANY INFORMATION
Directors
L K Howard
S R Clark
Secretary
S R Clark
Company number
5988739
Registered office
24 Laybrook
St Albans
Herts
AL4 9NJ
1ST HERTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
1ST HERTS LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
248
331
Current assets
Stock and work in progress
470
310
Debtors
3
27,782
35,029
Cash at bank and in hand
82,982
119,666
111,234
155,005
Creditors: amounts falling due within one year
4
(37,042)
(48,491)
Net current assets
74,192
106,514
Total assets less current liabilities
74,440
106,845
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss reserves
73,440
105,845
Total equity
74,440
106,845

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities:

 

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the board of directors and authorised for issue on 20 August 2024 and are signed on its behalf by:
L K Howard
Director
Company Registration No. 5988739
1ST HERTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

1st Herts Limited is a private company limited by shares incorporated in England and Wales. The registered office is 24 Laybrook, St Albans, Herts, AL4 9NJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
25% reducing balance
Fixtures and fittings
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1ST HERTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 and 30 November 2023
11,067
Depreciation and impairment
At 1 December 2022
10,736
Depreciation charged in the year
83
At 30 November 2023
10,819
Carrying amount
At 30 November 2023
248
At 30 November 2022
331
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
27,782
35,029
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
193
86
Corporation tax
6,223
13,575
Other taxation and social security
4,534
3,757
Other creditors
26,092
31,073
37,042
48,491
5
Called up share capital
2023
2022
£
£
Ordinary share capital
Authorised
1,000 Ordinary shares of £1 each
1,000
1,000
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
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