Company Registration No. 4275233 (England and Wales)
FirstLegend Ltd
Unaudited accounts
for the year ended 31 August 2023
FirstLegend Ltd
Unaudited accounts
Contents
FirstLegend Ltd
Company Information
for the year ended 31 August 2023
Company Number
4275233 (England and Wales)
FirstLegend Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
610,355
610,355
Cash at bank and in hand
201
2,964
Creditors: amounts falling due within one year
(409,109)
(373,059)
Net current liabilities
(408,908)
(370,095)
Total assets less current liabilities
201,447
240,260
Creditors: amounts falling due after more than one year
(200,075)
(236,876)
Called up share capital
100
100
Profit and loss account
1,272
3,284
Shareholders' funds
1,372
3,384
For the year ending 31 August 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 his 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 11 March 2024 and were signed on its behalf by
ALKAS ALI
Director
Company Registration No. 4275233
FirstLegend Ltd
Notes to the Accounts
for the year ended 31 August 2023
FirstLegend Ltd is a private company, limited by shares, registered in England and Wales, registration number 4275233.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
610,355
5,351
35,783
651,489
At 31 August 2023
610,355
5,351
35,783
651,489
At 1 September 2022
-
5,351
35,783
41,134
At 31 August 2023
-
5,351
35,783
41,134
At 31 August 2023
610,355
-
-
610,355
At 31 August 2022
610,355
-
-
610,355
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
31,087
8,396
Loans from directors
376,647
363,988
FirstLegend Ltd
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
165,358
197,005
Other creditors
34,717
39,871
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).