Firstford Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 01828919

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,211		7,042

			4,211		7,042
CURRENT ASSETS
Stocks		5,511		5,701
Debtors		336,408		580,338
Cash at bank and in hand		86,166		8,663

		428,085		594,702
Creditors: Amounts Falling Due Within One Year		(285,904 )		(373,693 )

NET CURRENT ASSETS (LIABILITIES)			142,181		221,009

TOTAL ASSETS LESS CURRENT LIABILITIES			146,392		228,051

Creditors: Amounts Falling Due After More Than One Year			(24,529 )		(34,679 )

NET ASSETS			121,863		193,372

CAPITAL AND RESERVES
Called up share capital	5		1,000		1,000
Profit and Loss Account			120,863		192,372

SHAREHOLDERS' FUNDS			121,863		193,372

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Firstford Limited

Abridged Balance Sheet (continued)

As At 31 July 2024

For the year ending 31 July 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Darren Murphy Director	Mr Nicholas Shoesmith Director
3rd April 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Firstford Limited Registered number 01828919 is a limited by shares company incorporated in England & Wales. The Registered Office is 79 Wingletye Lane, Hornchurch, Essex, RM11 3AT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Equipment	25% on reducing balance
Motor Vehicles	25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2023: 12)

4. Tangible Assets

	Total
	£
Cost
As at 1 August 2023	34,402

As at 31 July 2024	34,402

...CONTINUED

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Firstford Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 July 2024

Depreciation
As at 1 August 2023	27,360
Provided during the period	2,831

As at 31 July 2024	30,191

Net Book Value
As at 31 July 2024	4,211

As at 1 August 2023	7,042

5. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

6. Other Commitments

At the end of the period the company had minimum lease payments under non-cancellable leases as follows:

	2024	2023
	£	£
Not later than one year	46,797	10,927
Later than one year and not later than five years	63,442	4,553

	110,239	15,480

7. Related Party Transactions

The directors' loan account balance with the company as at 31st July 2024 was £38,384 (credit).

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