Registered Number:03965343 |
For the year ended 30 April 2024
England and Wales
Report of the Directors and Financial Statements
For the year ended 30 April 2024
1ST-GEAR.NET LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
1ST-GEAR.NET LIMITED
Statement of Financial Position
2023
2024
630
630
2
Property, plant and equipment |
102
120
3
732
750
Trade and other receivables |
479
274
4
10,884
Cash and cash equivalents |
11,601
11,875
11,363
Trade and other payables: amounts falling due within one |
year |
(11,406)
(7,416)
5
(43)
4,459
Net current assets
Total assets less current liabilities |
5,191
707
5,191
Net assets
707
2
2
5,189
705
5,191
707
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Philip John Garner Director |
These financial statements were approved and authorised for issue by the Board on 22 January 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2024
1ST-GEAR.NET LIMITED
Notes to the Financial Statements
Statutory Information
1ST-GEAR.NET LIMITED is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 03965343. |
Belowda Farm Belowda
Roche
St. Austell
Cornwall
PL26 8NQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
2. Intangible fixed assets |
Goodwill
630
630
630
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For the year ended 30 April 2024
1ST-GEAR.NET LIMITED
Notes to the Financial Statements Continued
3. Property, plant and equipment |
11,597
11,597
Provision for depreciation and impairment |
11,477
Charge for year
18
11,495
102
120
4. Trade and other receivables |
2023
2024
199
479
75
-
479
274
5. Trade and other payables: amounts falling due within one year |
2023
2024
776
676
Taxation and social security |
1,525
560
5,115
10,170
7,416
11,406
6. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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