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Registration number: 14836339

Firway Homes Ltd

Unaudited Filleted Financial Statements

for the Period from 1 May 2023 to 31 May 2024

 

Firway Homes Ltd

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 6

 

Firway Homes Ltd

Company Information

Directors

Mr Joel Firth

Mr John Broadway

Registered office

F6, 3 Cavendish Court
South Parade
Doncaster
DN1 2DJ

 

Firway Homes Ltd

Directors' Report for the Period from 1 May 2023 to 31 May 2024

The directors present their report and the financial statements for the period from 1 May 2023 to 31 May 2024.

Incorporation

The company was incorporated on 1 May 2023.

Directors of the company

The directors who held office during the period were as follows:

Mr Joel Firth (appointed 1 May 2023)

Mr John Broadway (appointed 1 May 2023)

Principal activity

The principal activity of the company is construction of residential homes

Going concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the Director's who have undertaken to provide such support for the foreseeable future.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 14 February 2025 and signed on its behalf by:
 

.........................................
Mr Joel Firth
Director

.........................................
Mr John Broadway
Director

 

Firway Homes Ltd

(Registration number: 14836339)
Balance Sheet as at 31 May 2024

Note

2024
£

Current assets

 

Stocks

4

156,721

Debtors

5

1,745

Cash at bank and in hand

 

5,418

 

163,884

Creditors: Amounts falling due within one year

6

(1,960)

Total assets less current liabilities

 

161,924

Creditors: Amounts falling due after more than one year

6

(162,552)

Net liabilities

 

(628)

Capital and reserves

 

Called up share capital

7

2

Retained earnings

(630)

Shareholders' deficit

 

(628)

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 February 2025 and signed on its behalf by:
 

 

Firway Homes Ltd

(Registration number: 14836339)
Balance Sheet as at 31 May 2024

.........................................
Mr Joel Firth
Director

.........................................
Mr John Broadway
Director

 

Firway Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
F6, 3 Cavendish Court
South Parade
Doncaster
DN1 2DJ

These financial statements were authorised for issue by the Board on 14 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Stocks

2024
£

Work in progress

16,721

Other inventories

140,000

156,721

 

Firway Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 May 2024

5

Debtors

Current

2024
£

Other debtors

1,745

 

1,745

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

630

Other creditors

1,330

1,960

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

8

162,552

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

2

2

   

8

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

162,552