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Registered number: 06080795
First 4 Accounting Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
First 4 Accounting Ltd
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 29 February 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
PHillip Rosslee
05/11/2024
First 4 Accounting Ltd
Ploversfield
Culmstock Road
Hemyock Cullompton
Devon
EX15 3RJ
Page 1
Page 2
Balance Sheet
Registered number: 06080795
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,525 7,525
7,525 7,525
CURRENT ASSETS
Debtors 5 485 290
Cash at bank and in hand 2,098 1,451
2,583 1,741
NET CURRENT ASSETS (LIABILITIES) 2,583 1,741
TOTAL ASSETS LESS CURRENT LIABILITIES 10,108 9,266
Creditors: Amounts Falling Due After More Than One Year 6 (10,880 ) (12,690 )
NET LIABILITIES (772 ) (3,424 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (872 ) (3,524 )
SHAREHOLDERS' FUNDS (772) (3,424)
Page 2
Page 3
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Phillip Rosslee
Director
05/11/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
First 4 Accounting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06080795 . The registered office is Ploversfield, Culmstock Road, Hemyock Cullompton, Devon, EX15 3RJ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 7,525
As at 29 February 2024 7,525
Net Book Value
As at 29 February 2024 7,525
As at 1 March 2023 7,525
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 485 290
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 10,880 12,690
Page 4
Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5