First National Associates Limited - Accounts to registrar (filleted) - small 18.2

First National Associates Limited - Accounts to registrar (filleted) - small 18.2

FIRST NATIONAL ASSOCIATES LIMITED - Company Information

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REGISTERED NUMBER: 04116293 (England and Wales)















FIRST NATIONAL ASSOCIATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021





Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR








FIRST NATIONAL ASSOCIATES LIMITED (REGISTERED NUMBER: 04116293)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


FIRST NATIONAL ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







Director: G S Woods





Secretary: Miss S Woods





Registered office: 2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR





Registered number: 04116293 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR
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FIRST NATIONAL ASSOCIATES LIMITED (REGISTERED NUMBER: 04116293)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £ £ £ £
Fixed assets
Tangible assets 4 15,120 7,065

Current assets
Debtors 5 28,772 45,802
Cash at bank 24,930 20,939
53,702 66,741
Creditors
Amounts falling due within one year 6 21,844 72,892
Net current assets/(liabilities) 31,858 (6,151 )
Total assets less current liabilities 46,978 914

Creditors
Amounts falling due after more than one
year
7
46,431
-
Net assets 547 914

Capital and reserves
Called up share capital 100 100
Retained earnings 447 814
Shareholders' funds 547 914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2022 and were signed by:





G S Woods - Director


The notes form part of these financial statements

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FIRST NATIONAL ASSOCIATES LIMITED (REGISTERED NUMBER: 04116293)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021


1. Statutory information

First National Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.
Plant and machinery etc - 25% on reducing balance

3. Employees and directors

The average number of employees during the year was 2 (2020 - 2 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 December 2020 15,026
Additions 12,343
At 30 November 2021 27,369
Depreciation
At 1 December 2020 13,328
Charge for year 1,269
Eliminated on disposal (2,348 )
At 30 November 2021 12,249
Net book value
At 30 November 2021 15,120
At 30 November 2020 1,698

5. Debtors: amounts falling due within one year
2021 2020
£ £
Trade debtors - 535
Other debtors 28,772 45,267
28,772 45,802

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FIRST NATIONAL ASSOCIATES LIMITED (REGISTERED NUMBER: 04116293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021


6. Creditors: amounts falling due within one year
2021 2020
£ £
Bank loans and overdrafts 5,049 50,000
Trade creditors 6,345 6,713
Taxation and social security 6,064 10,797
Other creditors 4,386 5,382
21,844 72,892

7. Creditors: amounts falling due after more than one year
2021 2020
£ £
Bank loans 46,431 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,845 -

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

2021 2020
£ £
G S Woods
Balance outstanding at start of year 44,692 -
Amounts advanced 26,421 50,000
Amounts repaid (44,692 ) (5,308 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,421 44,692

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