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REGISTERED NUMBER: 07951620 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

FIRST CLASS WORLDWIDE LIMITED

FIRST CLASS WORLDWIDE LIMITED (REGISTERED NUMBER: 07951620)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIRST CLASS WORLDWIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mrs K L Payne





REGISTERED OFFICE: 30 The Quays
Burton Waters
Lincoln
Lincolnshire
LN1 2XG





REGISTERED NUMBER: 07951620 (England and Wales)





ACCOUNTANTS: A Wigglesworth and Company Ltd
Chartered Accountants
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

FIRST CLASS WORLDWIDE LIMITED (REGISTERED NUMBER: 07951620)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,295 13,312

CURRENT ASSETS
Debtors 5 50,311 72,597
Cash in hand - 410
50,311 73,007
CREDITORS
Amounts falling due within one year 6 55,448 59,342
NET CURRENT (LIABILITIES)/ASSETS (5,137 ) 13,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,158

26,977

CREDITORS
Amounts falling due after more than one
year

7

(22,106

)

(28,516

)

PROVISIONS FOR LIABILITIES - (770 )
NET LIABILITIES (20,948 ) (2,309 )

CAPITAL AND RESERVES
Called up share capital 510 510
Retained earnings (21,458 ) (2,819 )
SHAREHOLDERS' FUNDS (20,948 ) (2,309 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 CLASS WORLDWIDE LIMITED (REGISTERED NUMBER: 07951620)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 28 November 2023 and were signed by:





Mrs K L Payne - Director


FIRST CLASS WORLDWIDE LIMITED (REGISTERED NUMBER: 07951620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

First Class Worldwide 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

FIRST CLASS WORLDWIDE LIMITED (REGISTERED NUMBER: 07951620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 20,999
Disposals (10,500 )
At 28 February 2023 10,499
DEPRECIATION
At 1 March 2022 7,687
Charge for year 2,588
Eliminated on disposal (6,071 )
At 28 February 2023 4,204
NET BOOK VALUE
At 28 February 2023 6,295
At 28 February 2022 13,312

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022 10,500
Disposals (10,500 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 4,594
Charge for year 1,477
Eliminated on disposal (6,071 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 5,906

FIRST CLASS WORLDWIDE LIMITED (REGISTERED NUMBER: 07951620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 50,311 72,597

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,535 19,401
Hire purchase contracts - 3,516
Trade creditors - 1
Taxation and social security 2,003 5,223
Other creditors 33,910 31,201
55,448 59,342

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 3,516
Other creditors 22,106 25,000
22,106 28,516

8. ULTIMATE CONTROLLING PARTY

K L Carr is considered to be the ultimate controlling party, holding 90.2% of the company's issued share capital.