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REGISTERED NUMBER: 05026186 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Firthway Limited

Firthway Limited (Registered number: 05026186)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Firthway Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A E Grant
C R Deane





SECRETARY: A Deane





REGISTERED OFFICE: 3 - 5 College Street
Nottingham
Nottinghamshire
NG1 5AQ





REGISTERED NUMBER: 05026186 (England and Wales)

Firthway Limited (Registered number: 05026186)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 102 -

CURRENT ASSETS
Debtors 5 4,072,437 4,184,737
Cash at bank 3,603,336 3,240,998
7,675,773 7,425,735
CREDITORS
Amounts falling due within one year 6 97,138 54,392
NET CURRENT ASSETS 7,578,635 7,371,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,578,737

7,371,343

CAPITAL AND RESERVES
Called up share capital 7 15,000 15,000
Share premium 3,741,268 3,741,268
Retained earnings 3,822,469 3,615,075
SHAREHOLDERS' FUNDS 7,578,737 7,371,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





C R Deane - Director


Firthway Limited (Registered number: 05026186)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Firthway 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Interest is recognised to the extent that it is probable that the economic benefits will flow to the company and the interest can be reliably measured. Interest income is calculated on loans made to other trading entities at an agreed rate.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 102
At 31 March 2024 102
NET BOOK VALUE
At 31 March 2024 102

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 322,437 101,052

Firthway Limited (Registered number: 05026186)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 3,750,000 4,083,685

Aggregate amounts 4,072,437 4,184,737

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 69,131 26,582
Other creditors 28,007 27,810
97,138 54,392

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
11,666 Ordinary A 1 11,666 11,666
1,667 Ordinary B 1 1,667 1,667
1,667 Ordinary C 1 1,667 1,667
15,000 15,000