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1st 4 Repairs Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
The Laurel Partnership Ltd
16 Broad Street
Eye
Suffolk
IP23 7AF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05476131
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,509 4,214
3,509 4,214
CURRENT ASSETS
Debtors 5 7,714 6,812
Cash at bank and in hand 9,521 7,997
17,235 14,809
Creditors: Amounts Falling Due Within One Year 6 (6,611 ) (5,551 )
NET CURRENT ASSETS (LIABILITIES) 10,624 9,258
TOTAL ASSETS LESS CURRENT LIABILITIES 14,133 13,472
PROVISIONS FOR LIABILITIES
Deferred Taxation (667 ) (863 )
NET ASSETS 13,466 12,609
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 13,366 12,509
SHAREHOLDERS' FUNDS 13,466 12,609
Page 1
Page 2
For the year ending 30 April 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A P Fermor
Director
10/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
1st 4 Repairs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05476131 . The registered office is 41 Batchelors, Pembury, Tunbridge Wells, Kent, TN2 4ED.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Fixtures & Fittings 20% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 22,365 1,052 23,417
As at 30 April 2024 22,365 1,052 23,417
Depreciation
As at 1 May 2023 19,063 140 19,203
Provided during the period 495 210 705
As at 30 April 2024 19,558 350 19,908
Net Book Value
As at 30 April 2024 2,807 702 3,509
As at 1 May 2023 3,302 912 4,214
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,714 4,507
Prepayments and accrued income 2,000 2,000
Corporation tax recoverable assets - 305
7,714 6,812
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 483 787
Corporation tax 1,493 -
VAT 2,731 2,859
Accruals and deferred income 899 900
Directors' loan accounts 1,005 1,005
6,611 5,551
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4