Company Registration No. 03980693 (England and Wales)
FIRSTSTOP LTD
Filleted Accounts
for the year ended 30 April 2024
FIRSTSTOP LTD
Company Information
for the year ended 30 April 2024
Company Number
03980693 (England and Wales)
Registered Office
Kyver & Dale
Suite 101 Pride House
Shanklin Road
London
N15 4FB
Accountants
Kyver & Dale Consultants Ltd
Suite 101, Pride House
Shanklin Road
London
N15 4FB
FIRSTSTOP LTD
Statement of financial position
as at 30 April 2024
Investment property
350,000
350,000
Cash at bank and in hand
960
32
Creditors: amounts falling due within one year
(2,346)
(2,308)
Net current assets
126,033
125,752
Total assets less current liabilities
476,272
475,991
Creditors: amounts falling due after more than one year
(213,642)
(213,642)
Provisions for liabilities
Deferred tax
(44,080)
(44,080)
Net assets
218,550
218,269
Called up share capital
2
2
Profit and loss account
218,548
218,267
Shareholders' funds
218,550
218,269
For the year ending 30 April 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 20 January 2025 and were signed on its behalf by
Mr S Domb
Director
Company Registration No. 03980693
FIRSTSTOP LTD
Notes to the Accounts
for the year ended 30 April 2024
FIRSTSTOP LTD is a private company, limited by shares, registered in England and Wales, registration number 03980693. The registered office is Kyver & Dale, Suite 101 Pride House, Shanklin Road, London, N15 4FB.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
FIRSTSTOP LTD
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 May 2023
350,000
Amounts falling due within one year
Other debtors
127,419
126,028
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
66
28
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
213,642
213,642
9
Average number of employees
During the year the average number of employees was 0 (2023: 1).