REGISTERED NUMBER: 04787805 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Firs Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

378,632

388,273

CURRENT ASSETS

Cash at bank

45,046

32,320

CREDITORS

Amounts falling due within one year

5

333,037

321,274

NET CURRENT LIABILITIES

(287,991

)

(288,954

)

TOTAL ASSETS LESS CURRENT LIABILITIES

90,641

99,319

CREDITORS

Amounts falling due after more than one year

6

(31,424

)

(38,083

)

PROVISIONS FOR LIABILITIES

(1,766

)

(2,378

)

NET ASSETS

57,451

58,858

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

56,451

57,858

SHAREHOLDERS' FUNDS

57,451

58,858

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

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

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

Mrs G Burns - Director

1.	STATUTORY INFORMATION

The Firs 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:

04787805

Registered office:

Ebenezer House

Ryecroft

Newcastle

Staffordshire

ST5 2BE

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

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

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

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.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

property

property

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

353,885

128,208

482,093

DEPRECIATION

At 1 April 2024

75,413

18,407

93,820

Charge for year

7,078

2,563

9,641

At 31 March 2025

82,491

20,970

103,461

NET BOOK VALUE

At 31 March 2025

271,394

107,238

378,632

At 31 March 2024

278,472

109,801

388,273

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,863

21,168

Taxation and social security

11,788

3,090

Other creditors

307,386

297,016

333,037

321,274

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

31,424

38,083

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

45,287

59,251

The bank loan is secured by means of a fixed and floating charge over all the assets and undertakings of the company.