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Company Registration No. 4275233 (England and Wales)
FirstLegend Ltd Unaudited accounts for the year ended 31 August 2023
FirstLegend Ltd Unaudited accounts Contents
Page
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FirstLegend Ltd Company Information for the year ended 31 August 2023
Director
ALKAS ALI
Company Number
4275233 (England and Wales)
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FirstLegend Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
610,355 
610,355 
Current assets
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)
Net assets
1,372 
3,384 
Capital and reserves
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
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FirstLegend Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
At 1 September 2022
- 
5,351 
35,783 
41,134 
At 31 August 2023
- 
5,351 
35,783 
41,134 
Net book value
At 31 August 2023
610,355 
- 
- 
610,355 
At 31 August 2022
610,355 
- 
- 
610,355 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
31,087 
8,396 
Other creditors
- 
675 
Loans from directors
376,647 
363,988 
Accruals
1,375 
- 
409,109 
373,059 
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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 
200,075 
236,876 
7
Share capital
2023 
2022 
£ 
£ 
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).
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