1st Fix Maintenance Services Ltd - Limited company accounts 11.4

REGISTERED NUMBER: 07852408 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30th November 2013

for

1st Fix Maintenance Services Ltd

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

H Rashid

SECRETARY:

REGISTERED OFFICE:

Airport House

Purley Way

Croydon

Surrey

CR0 0XZ

REGISTERED NUMBER:

07852408 (England and Wales)

ACCOUNTANTS:

Oliver, Bell & Kinge LLP

2nd Floor, Ash House

Tanshire Park

Shackleford Road

Elstead

Surrey

GU8 6LB

The director presents his report with the financial statements of the company for the year ended

30th November 2013.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of electrical Installations.

DIRECTOR

H Rashid held office during the whole of the period from 1st December 2012 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

H Rashid - Director

26th August 2014

TURNOVER

2

65,464

19,540

Cost of sales

16,452

4,295

GROSS PROFIT

49,012

15,245

Administrative expenses

22,771

6,334

26,241

8,911

Other operating income

-

1,915

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

3

26,241

10,826

Tax on profit on ordinary activities

4

5,258

2,165

PROFIT FOR THE FINANCIAL YEAR

20,983

8,661

CURRENT ASSETS

Debtors

6

1,652

6,978

Cash at bank and in hand

5,438

225

7,090

7,203

CREDITORS

Amounts falling due within one year

7

1,270

2,165

NET CURRENT ASSETS

5,820

5,038

TOTAL ASSETS LESS CURRENT LIABILITIES

5,820

5,038

CREDITORS

Amounts falling due after more than one year

8

-

1,993

NET ASSETS

5,820

3,045

CAPITAL AND RESERVES

Called up share capital

9

2

2

Profit and loss account

10

5,818

3,043

SHAREHOLDERS' FUNDS

5,820

3,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 26th August 2014 and were signed by:

H Rashid - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.

TURNOVER

Income from VAT Flat Rate Scheme surplus was disclosed as 'Other Operating Income' in the prior

year, this has been reclassified as Turnover in the current year.

3.	OPERATING PROFIT

The operating profit is stated after charging:

Period

19/11/11

Year Ended

to

30/11/13

30/11/12

£

£

Directors' remuneration and other benefits etc

-

-

4.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

Period

19/11/11

Year Ended

to

30/11/13

30/11/12

£

£

Current tax:

UK corporation tax

5,258

2,165

Tax on profit on ordinary activities

5,258

2,165

5.

DIVIDENDS

Period

19/11/11

Year Ended

to

30/11/13

30/11/12

£

£

Final

18,208

5,618

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2013

2012

£

£

Trade debtors

1,652

3,742

Other debtors

-

3,236

1,652

6,978

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2013

2012

£

£

Taxation and social security

1,270

2,165

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2013

2012

£

£

Taxation and social security

-

1,993

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

1

2

2

10.

RESERVES

Profit

and loss

account

£

At 1st December 2012

3,043

Profit for the year

20,983

Dividends

(18,208

)

At 30th November 2013

5,818