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REGISTERED NUMBER: 07414589 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

1ST CALL STROUD LIMITED

1ST CALL STROUD LIMITED (REGISTERED NUMBER: 07414589)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1ST CALL STROUD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: N A Jennings
Miss N J Jennings





REGISTERED OFFICE: 1st Call House
14A Ebley Road
Stonehouse
Gloucestershire
GL10 2LH





REGISTERED NUMBER: 07414589 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

1ST CALL STROUD LIMITED (REGISTERED NUMBER: 07414589)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,851,253 3,122,552

CURRENT ASSETS
Debtors 5 508,077 390,800
Cash at bank 974,990 970,450
1,483,067 1,361,250
CREDITORS
Amounts falling due within one year 6 1,241,512 1,147,288
NET CURRENT ASSETS 241,555 213,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,092,808

3,336,514

CREDITORS
Amounts falling due after more than one
year

7

(560,239

)

(959,774

)

PROVISIONS FOR LIABILITIES (303,109 ) (364,811 )
NET ASSETS 2,229,460 2,011,929

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,229,459 2,011,928
SHAREHOLDERS' FUNDS 2,229,460 2,011,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

1ST CALL STROUD LIMITED (REGISTERED NUMBER: 07414589)

BALANCE SHEET - continued
31 JANUARY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:




N A Jennings - Director



Miss N J Jennings - Director


1ST CALL STROUD LIMITED (REGISTERED NUMBER: 07414589)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

1st Call Stroud Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Accounting convention
These financial statements have been prepared in accordance with the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents invoices raised for the supply of vehicles during the period and excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

1ST CALL STROUD LIMITED (REGISTERED NUMBER: 07414589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The director has considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as a going concern have been identified by the directors.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 77,958 79,291 5,959,096 2,527 6,118,872
Additions - 8,500 658,927 999 668,426
Disposals - - (537,090 ) - (537,090 )
At 31 January 2024 77,958 87,791 6,080,933 3,526 6,250,208
DEPRECIATION
At 1 February 2023 - 29,566 2,965,441 1,313 2,996,320
Charge for year - 11,747 796,933 243 808,923
Eliminated on disposal - - (406,288 ) - (406,288 )
At 31 January 2024 - 41,313 3,356,086 1,556 3,398,955
NET BOOK VALUE
At 31 January 2024 77,958 46,478 2,724,847 1,970 2,851,253
At 31 January 2023 77,958 49,725 2,993,655 1,214 3,122,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 169,258 221,819
Provision for doubtful debts (38,412 ) (15,832 )
Loan to/from related party 335,000 145,000
Prepayments 42,231 39,813
508,077 390,800

1ST CALL STROUD LIMITED (REGISTERED NUMBER: 07414589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 962,996 998,538
Trade creditors 61,537 74,178
Corporation Tax 154,475 24,685
Social security and other taxes 7,010 6,663
VAT 38,734 33,550
Other creditors - 2,983
Directors' current accounts 7,160 2,491
Accrued expenses 9,600 4,200
1,241,512 1,147,288

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 560,239 959,774

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,523,235 1,958,312

The hire purchase creditor is secured over the assets that are financed by the hire purchase.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
N A Jennings
Balance outstanding at start of year (2,491 ) (2,472 )
Amounts advanced 380 1,981
Amounts repaid (5,049 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,160 ) (2,491 )

There are no set repayment terms on the above loan and interest is charged at the HM Revenue & Customs official rate.

10. CHARGES

On 5 December 2016 Lloyds Bank PLC registered a fixed charge with negative pledge.

On 10 February 2015 Lloyds Bank PLC registered a fixed and floating charge over the property and undertaking of the company.

On 5 February 2015 Lloyds Bank PLC registered a fixed charge with negative pledge.