First Stop Direct Ltd - Accounts to registrar (filleted) - small 18.2
First Stop Direct Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FIRST STOP DIRECT LTD |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2020 |
| FIRST STOP DIRECT LTD (REGISTERED NUMBER: 03197191) |
| Contents of the Financial Statements |
| for the year ended 30 September 2020 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 | to | 4 |
| Notes to the Financial Statements | 5 | to | 7 |
| FIRST STOP DIRECT LTD |
| Company Information |
| for the year ended 30 September 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| First Floor |
| Saggar House |
| Princes Drive |
| Worcester |
| WR1 2PG |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| First Stop Direct Ltd |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of First Stop Direct Ltd for the year ended 30 September 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of First Stop Direct Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of First Stop Direct Ltd and state those matters that we have agreed to state to the director of First Stop Direct Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than First Stop Direct Ltd and its director for our work or for this report. |
| It is your duty to ensure that First Stop Direct Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of First Stop Direct Ltd. You consider that First Stop Direct Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of First Stop Direct Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| First Floor |
| Saggar House |
| Princes Drive |
| Worcester |
| WR1 2PG |
| FIRST STOP DIRECT LTD (REGISTERED NUMBER: 03197191) |
| Balance Sheet |
| 30 September 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| FIRST STOP DIRECT LTD (REGISTERED NUMBER: 03197191) |
| Balance Sheet - continued |
| 30 September 2020 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| FIRST STOP DIRECT LTD (REGISTERED NUMBER: 03197191) |
| Notes to the Financial Statements |
| for the year ended 30 September 2020 |
| 1. | STATUTORY INFORMATION |
| First Stop Direct Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| General equipment | - |
| Motor vehicles | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| 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. |
| Turnover |
| Turnover represents rents received in the year. |
| FIRST STOP DIRECT LTD (REGISTERED NUMBER: 03197191) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2020 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| General | Motor |
| equipment | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2019 |
| and 30 September 2020 |
| DEPRECIATION |
| At 1 October 2019 |
| Charge for year |
| At 30 September 2020 |
| NET BOOK VALUE |
| At 30 September 2020 |
| At 30 September 2019 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2019 |
| and 30 September 2020 |
| NET BOOK VALUE |
| At 30 September 2020 |
| At 30 September 2019 |
| The investment property was valued at open market value by the director, Mr J Hutchinson, as at |
| 30 September 2020. |
| Fair value at 30 September 2020 is represented by: |
| £ |
| Valuation in 2012 | 161,665 |
| Valuation in 2008 | 96,274 |
| Valuation in 2016 | 150,000 |
| Valuation in 2017 | 50,000 |
| Cost | 292,061 |
| 750,000 |
| FIRST STOP DIRECT LTD (REGISTERED NUMBER: 03197191) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Corporation tax |
| Directors' loan accounts | 188,531 | 203,197 |
| Accruals and deferred income |