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REGISTERED NUMBER: 04132912 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

F1 PERSONNEL LIMITED

F1 PERSONNEL LIMITED (REGISTERED NUMBER: 04132912)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 5

Report of the Accountants 7

F1 PERSONNEL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mrs J L Cattaneo





SECRETARY: Miss A Gigante





REGISTERED OFFICE: 1 Vale Cottages
High Ongar Road
Ongar
Essex
CM5 9LZ





REGISTERED NUMBER: 04132912 (England and Wales)





ACCOUNTANTS: Accounting Financial Services Limited
1 Vale Cottages
High Ongar Road
Ongar
Essex
CM5 9LZ

F1 PERSONNEL LIMITED (REGISTERED NUMBER: 04132912)

INCOME STATEMENT
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 818,960 1,031,232

Cost of sales 671,069 858,286
GROSS PROFIT 147,891 172,946

Administrative expenses 126,335 87,989
OPERATING PROFIT 4 21,556 84,957


Interest payable and similar expenses 699 847
PROFIT BEFORE TAXATION 20,857 84,110

Tax on profit 4,089 17,964
PROFIT FOR THE FINANCIAL YEAR 16,768 66,146

F1 PERSONNEL LIMITED (REGISTERED NUMBER: 04132912)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,301 2,981

CURRENT ASSETS
Debtors 6 91,807 78,362
Cash at bank and in hand 33,725 55,204
125,532 133,566
CREDITORS
Amounts falling due within one year 7 51,972 70,953
NET CURRENT ASSETS 73,560 62,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,861

65,594

CREDITORS
Amounts falling due after more than one
year

8

(23,882

)

(30,383

)

PROVISIONS FOR LIABILITIES (1,432 ) (1,432 )
NET ASSETS 50,547 33,779

CAPITAL AND RESERVES
Called up share capital 201 201
Retained earnings 50,346 33,578
SHAREHOLDERS' FUNDS 50,547 33,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

F1 PERSONNEL LIMITED (REGISTERED NUMBER: 04132912)

BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





Mrs J L Cattaneo - Director


F1 PERSONNEL LIMITED (REGISTERED NUMBER: 04132912)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

F1 Personnel 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.

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.
Plant and machinery etc - 25% on reducing balance

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.

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.

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


4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 680 796

F1 PERSONNEL LIMITED (REGISTERED NUMBER: 04132912)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2023
and 31 March 2024 21,159
Depreciation
At 1 April 2023 18,178
Charge for year 680
At 31 March 2024 18,858
Net book value
At 31 March 2024 2,301
At 31 March 2023 2,981

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 71,252 51,492
Other debtors 20,555 26,870
91,807 78,362

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 687 -
Trade creditors 9,304 3,813
Taxation and social security 25,321 64,140
Other creditors 16,660 3,000
51,972 70,953

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 23,882 30,383

F1 PERSONNEL LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
F1 PERSONNEL LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Accounting Financial Services Limited
1 Vale Cottages
High Ongar Road
Ongar
Essex
CM5 9LZ


29 November 2024