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REGISTERED NUMBER: SC388171 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

First Accident Assistance Limited

First Accident Assistance Limited (Registered number: SC388171)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


First Accident Assistance Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: A Rehman





REGISTERED OFFICE: 272 Bath Street
Glasgow
Lanarkshire
G2 4JR





REGISTERED NUMBER: SC388171 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

First Accident Assistance Limited (Registered number: SC388171)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,306 21,654

CURRENT ASSETS
Debtors 5 494 350
Cash at bank and in hand 8,157 1,073
8,651 1,423
CREDITORS
Amounts falling due within one year 6 12,120 16,828
NET CURRENT LIABILITIES (3,469 ) (15,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,837

6,249

CREDITORS
Amounts falling due after more than one
year

7

15,300

15,300
NET LIABILITIES (2,463 ) (9,051 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (2,464 ) (9,052 )
SHAREHOLDERS' FUNDS (2,463 ) (9,051 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

First Accident Assistance Limited (Registered number: SC388171)

Balance Sheet - continued
30 November 2023


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 14 November 2024 and were signed by:





A Rehman - Director


First Accident Assistance Limited (Registered number: SC388171)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

First Accident Assistance Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to the considerations and is recorded at the value of the considerations due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 15% on cost

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 1,780 32,000 1,018 34,798
DEPRECIATION
At 1 December 2022 1,430 11,000 714 13,144
Charge for year 52 5,250 46 5,348
At 30 November 2023 1,482 16,250 760 18,492
NET BOOK VALUE
At 30 November 2023 298 15,750 258 16,306
At 30 November 2022 350 21,000 304 21,654

First Accident Assistance Limited (Registered number: SC388171)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 494 350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 5,758 7,694
Tax 748 1,032
Social security and other taxes 1,458 1,282
Directors' current accounts 2,289 4,791
Accrued expenses 1,867 2,029
12,120 16,828

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 15,300 15,300

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,758 7,694

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,300 5,300

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party throughout the year was Mr Rehman, due to his 100% ownership of the issued ordinary share capital.