REGISTERED NUMBER: 06455327 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

1st 4 Stamps Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

2,612

6,039

CURRENT ASSETS

Stocks

875,000

775,000

Debtors

5

830

632

Cash at bank and in hand

31,329

-

907,159

775,632

CREDITORS

Amounts falling due within one year

6

387,713

321,328

NET CURRENT ASSETS

519,446

454,304

TOTAL ASSETS LESS CURRENT LIABILITIES

522,058

460,343

PROVISIONS FOR LIABILITIES

653

1,510

NET ASSETS

521,405

458,833

CAPITAL AND RESERVES

Called up share capital

220

220

Retained earnings

521,185

458,613

SHAREHOLDERS' FUNDS

521,405

458,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

S C Walker - Director

1.	STATUTORY INFORMATION

1st 4 Stamps Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06455327

Registered office:

6 Nottingham Road

Long Eaton

Nottinghamshire

NG10 1HP

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

16,805

Additions

1,428

Disposals

(13,493

)

At 31 December 2024

4,740

DEPRECIATION

At 1 January 2024

10,766

Charge for year

1,185

Eliminated on disposal

(9,823

)

At 31 December 2024

2,128

NET BOOK VALUE

At 31 December 2024

2,612

At 31 December 2023

6,039

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Prepayments

830

632

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

11,534

Corporation tax

31,520

30,531

Social security and other

taxes

1,848

1,474

VAT

4,433

7,660

Pension

139

130

CT61 creditor

3,600

3,500

Directors' current accounts

344,513

264,879

Accrued expenses

1,660

1,620

387,713

321,328

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

13,723

14,401

Between one and five years

3,131

16,854

16,854

31,255