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REGISTERED NUMBER: 13340040 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2025

for

First Step French Polishing Limited

First Step French Polishing Limited (Registered number: 13340040)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


First Step French Polishing Limited (Registered number: 13340040)

Balance Sheet
31st March 2025

31.3.25 31.3.24
Notes £    £   
CURRENT ASSETS
Stocks 196 196
Debtors 4 15,730 12,831
Cash at bank 27,410 29,494
43,336 42,521
CREDITORS
Amounts falling due within one year 5 15,511 15,927
NET CURRENT ASSETS 27,825 26,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,825

26,594

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 27,823 26,592
27,825 26,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

First Step French Polishing Limited (Registered number: 13340040)

Balance Sheet - continued
31st March 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd May 2025 and were signed on its behalf by:





Mr A Taylor - Director


First Step French Polishing Limited (Registered number: 13340040)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

First Step French Polishing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13340040

Registered office: Unit 12 Oldfields Business Park
Galveston Grove
Stoke-on-Trent
Staffordshire
ST4 3PE

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
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


First Step French Polishing Limited (Registered number: 13340040)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 15,036 -
Other debtors 694 12,831
15,730 12,831

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 904 412
Taxation and social security 13,157 14,065
Other creditors 1,450 1,450
15,511 15,927

First Step French Polishing Limited (Registered number: 13340040)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25 31.3.24
£    £   
Mr A Taylor
Balance outstanding at start of year 2,831 (7,499 )
Amounts advanced 426 10,330
Amounts repaid (2,831 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 426 2,831

Miss C E Underhill
Balance outstanding at start of year 10,000 (9,499 )
Amounts advanced 268 34,769
Amounts repaid (10,000 ) (15,270 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 268 10,000