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REGISTERED NUMBER: 03431956 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Firstpride Limited

Firstpride Limited (Registered number: 03431956)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Firstpride Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Ms J Sen Gupta
D Sen Gupta





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 03431956 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Firstpride Limited (Registered number: 03431956)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,907 5,563
3,907 5,563

CURRENT ASSETS
Stocks 7 116,276 108,683
Debtors 8 234,017 246,308
Cash at bank and in hand 16,342 992
366,635 355,983
CREDITORS
Amounts falling due within one year 9 234,284 233,029
NET CURRENT ASSETS 132,351 122,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,258

128,517

CREDITORS
Amounts falling due after more than one year 10 7,289 16,392
NET ASSETS 128,969 112,125

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 108,969 92,125
SHAREHOLDERS' FUNDS 128,969 112,125

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Firstpride Limited (Registered number: 03431956)

Balance Sheet - continued
31 October 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





D Sen Gupta - Director


Firstpride Limited (Registered number: 03431956)

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

1. STATUTORY INFORMATION

Firstpride 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Firstpride Limited (Registered number: 03431956)

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 27,000
AMORTISATION
At 1 November 2023
and 31 October 2024 27,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 34,545 16,229 50,774
DEPRECIATION
At 1 November 2023 29,106 16,105 45,211
Charge for year 1,557 99 1,656
At 31 October 2024 30,663 16,204 46,867
NET BOOK VALUE
At 31 October 2024 3,882 25 3,907
At 31 October 2023 5,439 124 5,563

7. STOCKS
31/10/24 31/10/23
£    £   
Work-in-progress 116,276 108,683

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 234,017 245,570
VAT - 738
234,017 246,308

Firstpride Limited (Registered number: 03431956)

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

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 8,335 8,335
Trade creditors 133,468 129,630
Tax 6,420 7,221
Net wages control account - 1
VAT 24,204 -
Other creditors - 2,902
Directors' current accounts 59,588 82,671
Accruals and deferred income 2,269 2,269
234,284 233,029

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Bank loans - 2-5 years 7,289 16,392

11. RELATED PARTY DISCLOSURES

As at the balance sheet date the director was owed £59587.59
( 2023 : £82671) by the company.

12. ULTIMATE CONTROLLING PARTY

Mrs J Sen Gupta and Mr D Sen Gupta own 50% each of the company's issued share capital and therefore together control the company.