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Company Registration No. 12383758 (England and Wales)
Firstway Group Ltd Unaudited accounts for the year ended 30 April 2024
Firstway Group Ltd Unaudited accounts Contents
Page
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Firstway Group Ltd Company Information for the year ended 30 April 2024
Directors
Moses Moskovits Hershel Moskowitz
Company Number
12383758 (England and Wales)
Registered Office
166 Stamford Hill London N16 6QX England
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Firstway Group Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,838 
18,180 
Current assets
Inventories
5,725 
- 
Debtors
1,093,815 
997,537 
Cash at bank and in hand
30,838 
11,074 
1,130,378 
1,008,611 
Creditors: amounts falling due within one year
(438,358)
(515,523)
Net current assets
692,020 
493,088 
Total assets less current liabilities
733,858 
511,268 
Creditors: amounts falling due after more than one year
(12,500)
(22,500)
Net assets
721,358 
488,768 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
721,357 
488,767 
Shareholders' funds
721,358 
488,768 
For the year ending 30 April 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by
Moses Moskovits Director Company Registration No. 12383758
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Firstway Group Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Firstway Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12383758. The registered office is 166 Stamford Hill, London, N16 6QX, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
33% Reducing Balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
28,813 
Additions
36,928 
At 30 April 2024
65,741 
Depreciation
At 1 May 2023
10,633 
Charge for the year
13,270 
At 30 April 2024
23,903 
Net book value
At 30 April 2024
41,838 
At 30 April 2023
18,180 
5
Transactions with related parties
Included within debtors are amounts aggregating to £693,119 (2023: £600,260) due from companies with a director in common with this company. Included within creditors are amounts aggregating to £130,061 due to companies with a director in common with this company.
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Firstway Group Ltd Notes to the Accounts for the year ended 30 April 2024
6
Average number of employees
During the year the average number of employees was 5 (2023: 3).
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