Registered number
02870948
First Collect International Ltd
Unaudited Filleted Accounts
30 June 2025
First Collect International Ltd
Registered number: 02870948
Balance Sheet
as at 30 June 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 3,113 4,151
Current assets
Work in progress 2,290 2,290
Debtors 4 543,125 546,817
Cash at bank and in hand 1,931,938 2,118,223
Cash at bank held for clients 2,463,960 1,656,531
4,941,313 4,323,861
Creditors: amounts falling due within one year 5 (2,494,746) (1,880,561)
Net current assets 2,446,567 2,443,300
Net assets 2,449,680 2,447,451
Capital and reserves
Called up share capital 4 4
Profit and loss account 2,449,676 2,447,447
Shareholders' funds 2,449,680 2,447,451
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P G Bone
Director
Approved by the board on 5 August 2025
First Collect International Ltd
Notes to the Accounts
for the year ended 30 June 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024 85,310
At 30 June 2025 85,310
Depreciation
At 1 July 2024 81,159
Charge for the year 1,038
At 30 June 2025 82,197
Net book value
At 30 June 2025 3,113
At 30 June 2024 4,151
4 Debtors 2025 2024
£ £
Trade debtors 542,125 545,817
Other debtors 1,000 1,000
543,125 546,817
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 51,555 51,753
Other taxes and social security costs 26,972 99,091
Client holding account 2,388,685 1,656,531
Other creditors 27,534 73,186
2,494,746 1,880,561
6 Other information
First Collect International Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
First Collect International Ltd 02870948 false 2024-07-01 2025-06-30 2025-06-30 VT Final Accounts July 2024 Mr P G Bone No description of principal activity 02870948 2023-07-01 2024-06-30 02870948 core:WithinOneYear 2024-06-30 02870948 core:ShareCapital 2024-06-30 02870948 core:RetainedEarningsAccumulatedLosses 2024-06-30 02870948 2024-07-01 2025-06-30 02870948 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 02870948 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 02870948 bus:Director40 2024-07-01 2025-06-30 02870948 1 2024-07-01 2025-06-30 02870948 2 2024-07-01 2025-06-30 02870948 core:PlantMachinery 2024-07-01 2025-06-30 02870948 countries:England 2024-07-01 2025-06-30 02870948 bus:FRS102 2024-07-01 2025-06-30 02870948 bus:FilletedAccounts 2024-07-01 2025-06-30 02870948 2025-06-30 02870948 core:WithinOneYear 2025-06-30 02870948 core:ShareCapital 2025-06-30 02870948 core:RetainedEarningsAccumulatedLosses 2025-06-30 02870948 core:PlantMachinery 2025-06-30 02870948 2024-06-30 02870948 core:PlantMachinery 2024-06-30 iso4217:GBP xbrli:pure