| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2024 |
| for |
| Firstway Solar Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2024 |
| for |
| Firstway Solar Ltd |
| Firstway Solar Ltd (Registered number: 14056763) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Firstway Solar Ltd |
| Company Information |
| for the Year Ended 30 June 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 67 Westow Street |
| London |
| SE19 3RW |
| Firstway Solar Ltd (Registered number: 14056763) |
| Balance Sheet |
| 30 June 2024 |
| 30.6.24 | 30.6.23 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 7 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| The financial statements were approved by the director and authorised for issue on |
| Firstway Solar Ltd (Registered number: 14056763) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2024 |
| 1. | STATUTORY INFORMATION |
| Firstway Solar Ltd is a |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Going concern |
| The balance sheet shows net liabilities of £1,436,748 (2023 - £451,417). The director of Firstway Solar Ltd has reasonable expectations that the company will be able to make sufficient profits to enable it to operate for the foreseeable future, in addition to the continued support and funding of the director and associated companies. These financial statements have therefore been prepared on a going concern basis. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.24 | 30.6.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.24 | 30.6.23 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Firstway Solar Ltd (Registered number: 14056763) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2024 |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 July 2023 | ( |
) |
| Deficit for the year | ( |
) |
| At 30 June 2024 | ( |
) |