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REGISTERED NUMBER: 06320200 (England and Wales)











FIRST CALL INKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






FIRST CALL INKS LIMITED (REGISTERED NUMBER: 06320200)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


FIRST CALL INKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: Miss L Kent





REGISTERED OFFICE: 16 Cooden Sea Road
Bexhill-On-Sea
United Kingdom
East Sussex
TN39 4SJ





REGISTERED NUMBER: 06320200 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

FIRST CALL INKS LIMITED (REGISTERED NUMBER: 06320200)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 20,000 10,000
Debtors 5 42,720 19,520
Cash at bank and in hand 22,388 14,345
85,108 43,865
CREDITORS
Amounts falling due within one year 6 22,463 14,850
NET CURRENT ASSETS 62,645 29,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,645

29,015

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,545 28,915
62,645 29,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th November 2024 and were signed by:




Miss L Kent - Director


FIRST CALL INKS LIMITED (REGISTERED NUMBER: 06320200)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

First Call Inks 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 (£).


The prior accounting period had been shortened to eleven months and the comparative figures in these accounts are therefore not entirely comparable with the current year's twelve month accounting period.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website development - 33% on cost
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


FIRST CALL INKS LIMITED (REGISTERED NUMBER: 06320200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 4 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Website and
development fittings Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 14,900 10,526 25,426
DEPRECIATION
At 1st July 2023
and 30th June 2024 14,900 10,526 25,426
NET BOOK VALUE
At 30th June 2024 - - -
At 30th June 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 101 -
Amounts owed by group undertakings 25,669 -
Other debtors 16,950 19,520
42,720 19,520

FIRST CALL INKS LIMITED (REGISTERED NUMBER: 06320200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,586 3,223
Taxation and social security 15,127 10,944
Other creditors 1,750 683
22,463 14,850

7. RELATED PARTY DISCLOSURES

First Call Inks Limited has a current account with Marge Holdings Limited (a company which holds shares in First Call Inks Limited) to and from which funds are introduced and withdrawn as required. No interest is charged on the outstanding balance and there are no fixed terms for repayment. At 30th June 2024 a balance of £25,669 was owed to First Call Inks Limited by Marge Holdings Limited.