02675925falsethat of precurement and sale of engineering parts, both within the United Kingdom and overseas2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/cd:Director22024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02675925
FIRST COMMERCIAL LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
FIRST COMMERCIAL LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Stephen John Hutchings
Mrs Maria Hutchings
REGISTERED OFFICE
WOODLANDS
PIKE LOW BRINSCALL
CHORLEY
LANCASHIRE
PR6 8SP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02675925
BANKERS
SANTANDER
SOLICITORS
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
FIRST COMMERCIAL LIMITED
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
FIRST COMMERCIAL LIMITED
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets24,5124,321
CURRENT ASSETS
Stock96,930134,680
Debtors4514,045427,585
Current Asset Investments544,22746,227
Cash at bank and in hand282,824237,113
938,026845,605
CREDITORS: Amounts falling due within one year6553,264444,530
NET CURRENT ASSETS384,762401,075
TOTAL ASSETS LESS CURRENT LIABILITIES389,274405,396
PROVISIONS FOR LIABILITIES AND CHARGES88571,080
NET ASSETS388,417404,316
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account388,317404,216
SHAREHOLDERS' FUNDS388,417404,316
For the year ending 31/03/2025 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/12/2025 and signed on their behalf by
.............................
Stephen John Hutchings
Director
FIRST COMMERCIAL LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Commercial Vehiclesstraight line20%
Equipmentstraight line10%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
FIRST COMMERCIAL LIMITED
2. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/04/20242,21513,46715,682
Additions-1,1951,195
Disposals-(400)(400)
At 31/03/20252,21514,26216,477
Depreciation
At 01/04/20242,1169,24511,361
Disposals-(400)(400)
For the year41,0001,004
At 31/03/20252,1209,84511,965
Net Book Amounts
At 31/03/2025954,4174,512
At 31/03/2024994,2224,321
3. STOCK 20252024
££
Stock comprises:
Stock96,930134,680
96,930134,680
4. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors453,632425,061
VAT57,890-
Prepayments2,5232,524
514,045427,585
5. CURRENT ASSET INVESTMENTS
20252024
££
Other investments44,22746,227
44,22746,227
FIRST COMMERCIAL LIMITED
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax7,44615,973
VAT-11,438
PAYE control7,7315,315
Salaries and wages control-1,421
Directors current account333,657309,296
Trade creditors128,69971,354
Other creditors74,10627,958
Accruals1,6251,775
553,264444,530
7. EMPLOYEES
20252024
No.No.
Average number of employees66
Key management personnel is restricted to that of the two directors.
Mr J P Hutchings and Miss C J Hutchings were both appointed as directors on 1 June 2025.
8. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation8571,080
8571,080
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
FIRST COMMERCIAL LIMITED
10. OTHER FINANCIAL COMMITMENTS
At 31/03/2025 the company was committed to making the following payments under non-cancellable operating leases:
20252024
££
Operating Leases which expire:
Within one year18,9128,000
11. CONTROLLING PARTY
The company is under the joint control of the two directors Mr S J Hutchings and Mrs M Hutchings.
12. RELATED PARTY TRANSACTIONS
Mr S J Hutchings and Mrs M Hutchings received dividends of £ 960 each in the year to 31 March 2025 (2024 - £ 34,960 each). Mr J P Hutchings and Miss C J Hutchings both received a dividend of £ 23,040 each in the year to 31 March 2025 (2024 - £ 3,040 each)
13. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company is principally involved in the procurement and sale of engineering parts. The company sells both within and outside the United Kingdom.
14. GENERAL INFORMATION
First Commercial Limited is a private company limited by shares and incorporated in England. Its registered office is Woodlands, Pike Low, Chorley, Brinscall, Lancashire, PR6 8SP.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.