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Company Registration No. 08659250 (England and Wales)
FIRST OPTION ACCOUNTING LIMITED Unaudited accounts for the period from 1 September 2022 to 23 August 2023
FIRST OPTION ACCOUNTING LIMITED Unaudited accounts Contents
Page
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FIRST OPTION ACCOUNTING LIMITED Company Information for the period from 1 September 2022 to 23 August 2023
Director
Shuja Rehman
Company Number
08659250 (England and Wales)
Registered Office
SUITE 6, PARKWAY 5, PARKWAY BUSINESS CEN 300 PRINCESS ROAD MANCHESTER M14 7HR ENGLAND
Accountants
CLEARCUT ACCOUNTING LIMITED SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENT 300 PRINCESS ROAD MANCHESTER M14 7HR
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FIRST OPTION ACCOUNTING LIMITED Statement of financial position as at 23 August 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
77,552 
76,702 
Cash at bank and in hand
2,074 
300 
79,626 
77,002 
Creditors: amounts falling due within one year
(78,163)
(76,385)
Net current assets
1,463 
617 
Net assets
1,463 
617 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,363 
517 
Shareholders' funds
1,463 
617 
For the period ending 23 August 2023 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2024 and were signed on its behalf by
Shuja Rehman Director Company Registration No. 08659250
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FIRST OPTION ACCOUNTING LIMITED Notes to the Accounts for the period from 1 September 2022 to 23 August 2023
1
Statutory information
FIRST OPTION ACCOUNTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08659250. The registered office is SUITE 6, PARKWAY 5, PARKWAY BUSINESS CEN, 300 PRINCESS ROAD, MANCHESTER, M14 7HR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
38 
- 
Trade debtors
36,714 
21,192 
Other debtors
40,800 
55,510 
77,552 
76,702 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
30,801 
27,252 
Trade creditors
564 
420 
Taxes and social security
35,280 
29,038 
Other creditors
8,435 
19,675 
Loans from directors
3,083 
- 
78,163 
76,385 
6
Average number of employees
During the period the average number of employees was 7 (2022: 7).
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