Company Registration No. 08937843 (England and Wales)
Fast Buy Homes Limited
Unaudited accounts
for the year ended 31 March 2023
Fast Buy Homes Limited
Unaudited accounts
Contents
Fast Buy Homes Limited
Company Information
for the year ended 31 March 2023
Company Number
08937843 (England and Wales)
Registered Office
220 CHORLEY NEW ROAD
BOLTON
BL1 5AA
Accountants
J F Balshaw & Co
20 Old Kiln Lane
Heaton
Bolton
Lancashire
BL1 5PD
Fast Buy Homes Limited
Statement of financial position
as at 31 March 2023
Tangible assets
2,193
2,741
Cash at bank and in hand
34,067
41,255
Creditors: amounts falling due within one year
(16,035)
(16,367)
Net current assets
18,499
24,888
Called up share capital
1
1
Profit and loss account
20,692
27,629
Shareholders' funds
20,693
27,630
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 November 2023 and were signed on its behalf by
Mrs H Statham
Director
Company Registration No. 08937843
Fast Buy Homes Limited
Notes to the Accounts
for the year ended 31 March 2023
Fast Buy Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 08937843. The registered office is 220 CHORLEY NEW ROAD, BOLTON, BL1 5AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Investments in associated companies
Investments in associated companies are measured at cost.
4
Tangible fixed assets
Plant & machinery
Fast Buy Homes Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Investments
Other investments
Valuation at 1 April 2022
1
Valuation at 31 March 2023
1
Investment in associated company, Principle Homes Limited.
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
570
Other creditors
15,872
15,639
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
