FIRST RATE LTD

Company Registration Number:
08633427 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

FIRST RATE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

FIRST RATE LTD

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

THE PRINCIPAL ACTIVITIES OF THE COMPANY WERE THAT OF TUITION LEARNING AND OTHER ACTIVITIES RELATING TO THE MEDICAL PROFESSION.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Dr JULIETTE EDWARDS
MARTIN SADLER


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 November 2024

And signed on behalf of the board by:
Name: Dr JULIETTE EDWARDS
Status: Director

FIRST RATE LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,011 2,514
Total fixed assets: 2,011 2,514
Current assets
Cash at bank and in hand: 52,903 43,268
Total current assets: 52,903 43,268
Creditors: amounts falling due within one year: 4 ( 15,645 ) ( 15,778 )
Net current assets (liabilities): 37,258 27,490
Total assets less current liabilities: 39,269 30,004
Total net assets (liabilities): 39,269 30,004
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 39,268 30,003
Total Shareholders' funds: 39,269 30,004

The notes form part of these financial statements

FIRST RATE LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 19 November 2024
and signed on behalf of the board by:

Name: Dr JULIETTE EDWARDS
Status: Director

The notes form part of these financial statements

FIRST RATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    TURNOVER REPRESENTS INVOICED FEES.

    Tangible fixed assets depreciation policy

    ASSETS ARE MEASURED AT HISTORIC COST VALUE LESS DEPRECIATION AND IMPAIRMENT. EQUIPMENT DEPRECIATED AT 20% REDUCING BALANCE.

FIRST RATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

FIRST RATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 5,855 5,855
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 5,855 5,855
Depreciation
At 1 April 2023 3,341 3,341
Charge for year 503 503
On disposals
Other adjustments
At 31 March 2024 3,844 3,844
Net book value
At 31 March 2024 2,011 2,011
At 31 March 2023 2,514 2,514

FIRST RATE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 400 200
Other creditors 15,245 15,578
Total 15,645 15,778