First County Finance (UK) Ltd - Accounts to registrar (filleted) - small 23.2.5
First County Finance (UK) Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2023 |
| FOR |
| FIRST COUNTY FINANCE (UK) LTD |
| FIRST COUNTY FINANCE (UK) LTD (REGISTERED NUMBER: 02532976) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 30 June 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FIRST COUNTY FINANCE (UK) LTD |
| COMPANY INFORMATION |
| For The Year Ended 30 June 2023 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Baird House |
| Seebeck Place |
| Knowlhill |
| Milton Keynes |
| Buckinghamshire |
| MK5 8FR |
| FIRST COUNTY FINANCE (UK) LTD (REGISTERED NUMBER: 02532976) |
| BALANCE SHEET |
| 30 June 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| FIRST COUNTY FINANCE (UK) LTD (REGISTERED NUMBER: 02532976) |
| BALANCE SHEET - continued |
| 30 June 2023 |
| 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 COUNTY FINANCE (UK) LTD (REGISTERED NUMBER: 02532976) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 30 June 2023 |
| 1. | STATUTORY INFORMATION |
| First County Finance (UK) Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| 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. |
| Government grants |
| Government Grants relating to the Coronavirus Job retention scheme are recognised in the period in which it becomes receivable under the performance model |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| FIRST COUNTY FINANCE (UK) LTD (REGISTERED NUMBER: 02532976) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 30 June 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 July 2022 |
| and 30 June 2023 |
| DEPRECIATION |
| At 1 July 2022 |
| Charge for year |
| At 30 June 2023 |
| NET BOOK VALUE |
| At 30 June 2023 |
| At 30 June 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Other debtors includes sum of £ 119,915 (2021: £67,825) owed by a company Hogtons Limited, (see note 12.) |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Taxation and social security | ( |
) |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Other creditors |
| FIRST COUNTY FINANCE (UK) LTD (REGISTERED NUMBER: 02532976) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 30 June 2023 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | £1 | 30,000 | 30,000 |
| 9. | RELATED PARTY DISCLOSURES |
| Included within trade debtors and creditors are the following balances: |
| 30.06.2023 30.06.2022 |
| £ £ |
| Hogtons Limited | 119,915 | 67,825 |
| Mr P McCullough is a 50% shareholder of Hogtons limited all transactions are in the ordinary course of trading and are arms length transactions. |
| 10. | ULTIMATE CONTROLLING PARTY |
| Mr MCCullough, with family members controls 100% of the issued share capital of the company. |