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Company Registration No. 12214907 (England and Wales)
FAST FIT CLUTCH AND SERVICE CENTRE LIMITED Unaudited accounts for the year ended 30 September 2024
FAST FIT CLUTCH AND SERVICE CENTRE LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FAST FIT CLUTCH AND SERVICE CENTRE LIMITED Company Information for the year ended 30 September 2024
Directors
Dean Birch Manjinder Klair
Company Number
12214907 (England and Wales)
Registered Office
9 CROOKHAY LANE HILLTOP WEST BROMWICH B71 2NE UNITED KINGDOM
Accountants
Daniel Raj (ACA) North Stone Chartered Accountants 99 Chester Road Streetly Sutton Coldfield West Midlands B74 2HE
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FAST FIT CLUTCH AND SERVICE CENTRE LIMITED Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
10,000
12,000
Current assets
Debtors
5
10,292
10,292
Cash at bank and in hand
84,939
81,702
95,231
91,994
Creditors: amounts falling due within one year
6
(31,607)
(50,858)
Net current assets
63,624
41,136
Total assets less current liabilities
73,624
53,136
Creditors: amounts falling due after more than one year
7
(29,164)
(35,591)
Net assets
44,460
17,545
Capital and reserves
Called up share capital
2
2
Profit and loss account
44,458
17,543
Shareholders' funds
44,460
17,545
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by
Manjinder Klair Director Company Registration No. 12214907
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FAST FIT CLUTCH AND SERVICE CENTRE LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
FAST FIT CLUTCH AND SERVICE CENTRE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12214907. The registered office is 9 CROOKHAY LANE, HILLTOP, WEST BROMWICH, B71 2NE, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
5 years
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 October 2023
20,000
At 30 September 2024
20,000
Depreciation
At 1 October 2023
8,000
Charge for the year
2,000
At 30 September 2024
10,000
Net book value
At 30 September 2024
10,000
At 30 September 2023
12,000
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Other debtors
10,292
10,292
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FAST FIT CLUTCH AND SERVICE CENTRE LIMITED Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
4,529
4,312
Taxes and social security
8,469
6,639
Proposed dividends
16,000
16,000
Loans from directors
2,609
23,907
31,607
50,858
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
29,164
35,591
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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