Company Registration No. 04304062 (England and Wales)
1St Souvenirs Limited
Unaudited accounts
for the year ended 31 March 2024
1St Souvenirs Limited
Unaudited accounts
Contents
1St Souvenirs Limited
Company Information
for the year ended 31 March 2024
Company Number
04304062 (England and Wales)
Registered Office
3rd Floor Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
1St Souvenirs Limited
Statement of financial position
as at 31 March 2024
Tangible assets
127,122
127,554
Cash at bank and in hand
40,283
14,856
Creditors: amounts falling due within one year
(168,000)
(170,927)
Net current liabilities
(8,267)
(37,501)
Total assets less current liabilities
118,855
90,053
Creditors: amounts falling due after more than one year
(20,724)
(24,382)
Called up share capital
1
1
Profit and loss account
98,130
65,670
Shareholders' funds
98,131
65,671
For the year ending 31 March 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 27 December 2024 and were signed on its behalf by
Krishanlal Halai
Director
Company Registration No. 04304062
1St Souvenirs Limited
Notes to the Accounts
for the year ended 31 March 2024
1St Souvenirs Limited is a private company, limited by shares, registered in England and Wales, registration number 04304062. The registered office is 3rd Floor Vyman House, 104 College Road, Harrow, Middlesex, HA1 1BQ.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Fixtures & fittings
20% as per reducing balance method
Computer equipment
33% as per Straight Line Method
1St Souvenirs Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
126,400
404
1,132
127,936
At 31 March 2024
126,400
404
1,132
127,936
At 1 April 2023
-
130
252
382
Charge for the year
-
55
377
432
At 31 March 2024
-
185
629
814
At 31 March 2024
126,400
219
503
127,122
At 31 March 2023
126,400
274
880
127,554
Amounts falling due within one year
Accrued income and prepayments
5,379
5,335
Other debtors
110,554
107,039
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,335
4,335
Trade creditors
10,502
12,145
Taxes and social security
18,826
10,193
Other creditors
37,500
55,089
Loans from directors
79,964
80,184
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).