IRIS Accounts Production v22.1.0.628 07846033 director 1.12.20 30.11.21 30.11.21 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078460332020-11-30078460332021-11-30078460332020-12-012021-11-30078460332019-11-30078460332019-12-012020-11-30078460332020-11-3007846033ns16:EnglandWales2020-12-012021-11-3007846033ns15:PoundSterling2020-12-012021-11-3007846033ns11:Director12020-12-012021-11-3007846033ns11:PrivateLimitedCompanyLtd2020-12-012021-11-3007846033ns11:SmallEntities2020-12-012021-11-3007846033ns11:AuditExempt-NoAccountantsReport2020-12-012021-11-3007846033ns11:SmallCompaniesRegimeForDirectorsReport2020-12-012021-11-3007846033ns11:SmallCompaniesRegimeForAccounts2020-12-012021-11-3007846033ns11:AbridgedAccounts2020-12-012021-11-3007846033ns11:RegisteredOffice2020-12-012021-11-3007846033ns6:CurrentFinancialInstruments2021-11-3007846033ns6:CurrentFinancialInstruments2020-11-3007846033ns6:Non-currentFinancialInstruments2021-11-3007846033ns6:Non-currentFinancialInstruments2020-11-3007846033ns6:ShareCapital2021-11-3007846033ns6:ShareCapital2020-11-3007846033ns6:RetainedEarningsAccumulatedLosses2021-11-3007846033ns6:RetainedEarningsAccumulatedLosses2020-11-3007846033ns6:PlantMachinery2020-12-012021-11-3007846033ns6:MotorVehicles2020-12-012021-11-3007846033ns6:ComputerEquipment2020-12-012021-11-30
REGISTERED NUMBER: 07846033 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

FIRSTAID DEVELOPMENT LTD

FIRSTAID DEVELOPMENT LTD (REGISTERED NUMBER: 07846033)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FIRSTAID DEVELOPMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTOR: Mr A Duke





REGISTERED OFFICE: 35 Grove Road
London
E3 4PE





REGISTERED NUMBER: 07846033 (England and Wales)





ACCOUNTANTS: Newton Magnus
Chartered Certified Accountants
Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT

FIRSTAID DEVELOPMENT LTD (REGISTERED NUMBER: 07846033)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,010 26,266
Investments 5 10,999 1,748
36,009 28,014

CURRENT ASSETS
Debtors 54,900 69,900
Cash at bank 23,716 16,208
78,616 86,108
CREDITORS
Amounts falling due within one year (31,982 ) (22,517 )
NET CURRENT ASSETS 46,634 63,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,643

91,605

CREDITORS
Amounts falling due after more than
one year

(12,392

)

(20,700

)

PROVISIONS FOR LIABILITIES (6,288 ) (4,991 )
NET ASSETS 63,963 65,914

FIRSTAID DEVELOPMENT LTD (REGISTERED NUMBER: 07846033)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2021

2021 2020
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 63,962 65,913
SHAREHOLDERS' FUNDS 63,963 65,914

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 September 2022 and were signed by:





Mr A Duke - Director


FIRSTAID DEVELOPMENT LTD (REGISTERED NUMBER: 07846033)

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

1. STATUTORY INFORMATION

Firstaid Development Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of goods and services supplied by the company during the year, excluding value added tax.

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 - 25% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost less any impairments.

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.

FIRSTAID DEVELOPMENT LTD (REGISTERED NUMBER: 07846033)

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

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments in cryptocurrencies are initially recorded at cost and subsequently shown at fair value through the profit and loss account. The basis for fair value is the exchange rate at the year end date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2020 49,379
Additions 8,726
At 30 November 2021 58,105
DEPRECIATION
At 1 December 2020 23,113
Charge for year 9,982
At 30 November 2021 33,095
NET BOOK VALUE
At 30 November 2021 25,010
At 30 November 2020 26,266

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 December 2020 1,748
Revaluations 9,251
At 30 November 2021 10,999
NET BOOK VALUE
At 30 November 2021 10,999
At 30 November 2020 1,748

FIRSTAID DEVELOPMENT LTD (REGISTERED NUMBER: 07846033)

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

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 November 2021 is represented by:
Totals
£   
Valuation in 2018 (3,658 )
Valuation in 2019 (57 )
Valuation in 2020 1,040
Valuation in 2021 9,251
Cost 4,423
10,999

If investment in cryptocurrencies had not been revalued they would have been included at the following historical cost:

2021 2020
£    £   
Cost 4,423 4,423
Aggregate provisions (3,815 ) (3,815 )

Cryptocurrency investments were valued on an open market basis on 30 November 2021 by the closing market price at that date. .

6. RELATED PARTY DISCLOSURES

As at 30 November 2021, Endian Group Ltd, an associate of the company, owed the company £54,900 (2020 - £54,900).