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Registered Number: 07098564


 

 

 

FIRST DIRECT SOLUTIONS (UK) LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 4 1,250    1,250 
Tangible fixed assets 5 215    277 
1,465    1,527 
Current assets      
Debtors: amounts falling due within one year 14,690    14,690 
Cash at bank and in hand 25,874    4,386 
40,564    19,076 
Creditors: amount falling due within one year (10,137)   (2,106)
Net current assets 30,427    16,970 
 
Total assets less current liabilities 31,892    18,497 
Creditors: amount falling due after more than one year (11,637)   (16,117)
Net assets 20,255    2,380 
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account 20,155    2,280 
Shareholders' funds 20,255    2,380 
 


For the accounting year the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 January 2025 and were signed on its behalf by:


-------------------------------
Nipanita ROY
Director
1
General Information
FIRST DIRECT SOLUTIONS (UK) LIMITED is a private company, limited by shares, domiciled in England and Wales , registration number 07098564, registration address 252 PETERSFIELD AVENUE, ROMFORD, RM3 9XD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Cost of sales
Cost of sales comprises the value of goods and services purchased by the company, net of trade discounts as applicable.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
The tax charged on the profit on ordinary activities using applicable standard taxation provisions in use.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
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:
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 15% Reducing Balance
2.

Staff Costs

2024
£
  2023
£
Wages and salaries 17,000    12,953 
17,000    12,953 
 
Average number of employees during the year Number   Number
Administration 1    1 
 

3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
4.

Intangible fixed assets

Cost Website and Project Call Centre   Total
  £   £
At 01 June 2023  
Additions 1,250    1,250 
Disposals  
At 31 May 2024 1,250    1,250 
Amortisation
At 01 June 2023  
Charge for year  
On disposals  
At 31 May 2024  
Net book values
At 31 May 2024 1,250    1,250 
At 31 May 2023  


5.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 June 2023 429    790    1,219 
Additions    
Disposals    
At 31 May 2024 429    790    1,219 
Depreciation
At 01 June 2023 405    537    942 
Charge for year 24    38    62 
On disposals    
At 31 May 2024 429    575    1,004 
Net book values
Closing balance as at 31 May 2024   215    215 
Opening balance as at 01 June 2023 24    253    277 


6.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2