1ST_FIX_MAINTENANCE_SERVI - Accounts

1ST FIX MAINTENANCE SERVICES LTD - Company Information

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Company Registration No. 07852408 (England and Wales)

1ST FIX MAINTENANCE SERVICES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

1ST FIX MAINTENANCE SERVICES LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

1ST FIX MAINTENANCE SERVICES LTD

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

7,060

9,414

Current assets

Stocks

2,132

7,859

Debtors

24,651

43,322

Cash at bank and in hand

26,797

51,195

Creditors: amounts falling due within one year

(156,181)

(102,240)

Net current liabilities

(129,384)

(51,045)

Total assets less current liabilities

(122,324)

(41,631)

Creditors: amounts falling due after more than one year

(27,434)

Provisions for liabilities

(1,412)

(151,170)

(41,631)

Capital and reserves

Called up share capital

Profit and loss account

(151,172)

(41,633)

Shareholders' funds

(151,170)

(41,631)

1ST FIX MAINTENANCE SERVICES LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2016

- 2 -

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 August 2017

H Rashid

L Bolton

Director

Company Registration No. 07852408

1ST FIX MAINTENANCE SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company meets its day to day working capital requirements through the continued support of the directors and it's bank overdraft.

The accounts have been prepared on a going concern basis due to the continued support of the directors and it's bank overdraft. At the balance sheet date the directors loan account balance was £60,965 and the directors were not intending to withdraw this balance until the company became profitable. In addition a loan has been obtained from the funding circle to support the business further. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility by the company's bankers or the directors support.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Reducing Balance

Motor vehicles

25% Reducing Balance

Fixed assets

Tangible assets

Cost

At 1 December 2015 & at 30 November 2016

12,552

Depreciation

At 1 December 2015

3,138

Charge for the year

2,354

At 30 November 2016

5,492

Net book value

At 30 November 2016

7,060

At 30 November 2015

9,414

1ST FIX MAINTENANCE SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

2 of £1 each