1 March 2023 false No description of principal activity Taxfiler 2024.6 11806367business:PrivateLimitedCompanyLtd2023-03-012024-02-28 118063672023-02-28 118063672023-03-012024-02-28 11806367business:AuditExempt-NoAccountantsReport2023-03-012024-02-28 11806367business:FilletedAccounts2023-03-012024-02-28 118063672024-02-28 11806367business:Director12023-03-012024-02-28 11806367business:RegisteredOffice2023-03-012024-02-28 118063672023-02-28 11806367core:WithinOneYear2024-02-28 11806367core:WithinOneYear2023-02-28 11806367core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 11806367core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11806367core:PreviouslyStatedAmount2024-02-28 11806367core:PreviouslyStatedAmount2023-02-28 11806367business:SmallEntities2023-03-012024-02-28 11806367countries:EnglandWales2023-03-012024-02-28 11806367core:MotorVehicles2023-02-28 11806367core:MotorVehicles2023-03-012024-02-28 11806367core:MotorVehicles2024-02-28 118063672022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11806367 (England and Wales)
NO.1 CAPITAL LTD Unaudited accounts for the period from 1 March 2023 to 28 February 2024
NO.1 CAPITAL LTD Unaudited accounts Contents
Page
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NO.1 CAPITAL LTD Company Information for the period from 1 March 2023 to 28 February 2024
Director
Afzal KAHN
Company Number
11806367 (England and Wales)
Registered Office
385 KINGS ROAD LONDON SW10 0LR ENGLAND
Accountants
Mayden Group Limited Chartered Certified Accountants 114-116 Manningham Lane Bradford West Yorkshire BD8 7JF
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NO.1 CAPITAL LTD Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
44,100 
Current assets
Inventories
117,000 
- 
Debtors
100,962 
76,732 
Cash at bank and in hand
119,926 
114,308 
337,888 
191,040 
Creditors: amounts falling due within one year
(303,279)
(237,040)
Net current assets/(liabilities)
34,609 
(46,000)
Net assets/(liabilities)
34,609 
(1,900)
Capital and reserves
Profit and loss account
34,609 
(1,900)
Shareholders' funds
34,609 
(1,900)
For the period ending 28 February 2024 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 30 November 2024 and were signed on its behalf by
Afzal KAHN Director Company Registration No. 11806367
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NO.1 CAPITAL LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
NO.1 CAPITAL LTD is a private company, limited by shares, registered in England and Wales, registration number 11806367. The registered office is 385 KINGS ROAD, LONDON, SW10 0LR, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
44,100 
Disposals
(44,100)
At 28 February 2024
- 
Depreciation
At 28 February 2024
- 
Net book value
At 28 February 2024
- 
At 28 February 2023
44,100 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,630 
- 
Amounts due from group undertakings etc.
14,070 
- 
Other debtors
85,262 
76,732 
100,962 
76,732 
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NO.1 CAPITAL LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
33,824 
38,759 
Trade creditors
7,373 
- 
Taxes and social security
11,225 
- 
Other creditors
78,622 
78,622 
Loans from directors
165,379 
119,309 
Accruals
6,856 
350 
303,279 
237,040 
7
Average number of employees
During the period the average number of employees was 0 (2023: 0).
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