Registered number
11198177
1ST STOP MAINTENANCE LTD
Unaudited Filleted Accounts
29 February 2024
1ST STOP MAINTENANCE LTD
Registered number: 11198177
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 80,320 80,362
Current assets
Debtors 4 57,490 38,816
Cash at bank and in hand 7,501 12,445
64,991 51,261
Creditors: amounts falling due within one year 5 (96,275) (92,853)
Net current liabilities (31,284) (41,592)
Total assets less current liabilities 49,036 38,770
Creditors: amounts falling due after more than one year 6 (94,614) -
Net (liabilities)/assets (45,578) 38,770
Capital and reserves
Called up share capital 100 100
Profit and loss account (45,678) 38,670
Shareholders' funds (45,578) 38,770
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Leonard Cooney
Director
Approved by the board on 28 November 2024
1ST STOP MAINTENANCE LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 18,962 90,803 109,765
Additions 2,146 24,169 26,315
At 29 February 2024 21,108 114,972 136,080
Depreciation
At 1 March 2023 4,716 24,687 29,403
Charge for the year 3,363 22,994 26,357
At 29 February 2024 8,079 47,681 55,760
Net book value
At 29 February 2024 13,029 67,291 80,320
At 28 February 2023 14,246 66,116 80,362
4 Debtors 2024 2023
£ £
Trade debtors 57,490 38,816
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,998 31,073
Trade creditors 2,700 6,612
Taxation and social security costs 29,591 26,561
Other creditors 51,986 28,607
96,275 92,853
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 94,614 -
7 Other information
1ST STOP MAINTENANCE LTD is a private company limited by shares and incorporated in England. Its registered office is:
6 Dunbar Place
Wickford
SS12 9PY
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