11617954falseMotor car sales2023-11-012024-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-10-31http://www.companieshouse.gov.uk/cd:Director12023-11-012024-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-11-012024-10-31http://www.companieshouse.gov.uk/pt:MotorCars2023-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-11-012024-10-31http://www.companieshouse.gov.uk/pt:MotorCars2024-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-11-012024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-10-31http://www.companieshouse.gov.uk/2023-11-012024-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:FRS1022023-11-012024-10-31http://www.companieshouse.gov.uk/2024-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-11-012024-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-11-012024-10-31iso4217:GBPxbrli:sharesxbrli:pure

Registered number: 11617954

First Exec Limited

ACCOUNTS

FOR THE YEAR ENDED 31/10/2024

Prepared By:

IUVO Services Limited

Chartered Accountants

10 The Crescent

Little Leighs

Chelmford

Essex

CM3 1LY

First Exec Limited

ACCOUNTS

FOR THE YEAR ENDED 31/10/2024

DIRECTORS

N Shugi

REGISTERED OFFICE

120 Absolute House, Writtle Road

Margaretting

Ingatestone

Essex

CM4 0EL

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 11617954

ACCOUNTANTS

IUVO Services Limited

Chartered Accountants

10 The Crescent

Little Leighs

Chelmford

Essex

CM3 1LY

First Exec Limited

ACCOUNTS
FOR THEYEARENDED31/10/2024
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

First Exec Limited

BALANCE SHEET AT 31/10/2024
						2024				2023
		Notes				£				£
FIXED ASSETS
Tangible assets		3				7,848				10,325
CURRENT ASSETS
Debtors		4		11,120				8,983
Cash at bank and in hand				335				172
				11,455				9,155
CREDITORS: Amounts falling due within one year		5		14,303				9,680
NET CURRENT LIABILITIES						(2,848)				(525)
TOTAL ASSETS LESS CURRENT LIABILITIES						5,000				9,800
CREDITORS: Amounts falling due after more than one year		6				3,000				9,000
PROVISIONS FOR LIABILITIES AND CHARGES		7				1,900				700
NET ASSETS						100				100
CAPITAL AND RESERVES
Called up share capital		8				100				100
SHAREHOLDERS' FUNDS						100				100
For the year ending 31/10/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/09/2025 and signed on their behalf by
.............................
N Shugi
Director

First Exec Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/10/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery		reducing balance 15%
Motor Cars		reducing balance 25%

2. EMPLOYEES
				2024		2023
				No.		No.
Average number of employees				-		-

3. TANGIBLE FIXED ASSETS
		Plant and
		Machinery		Motor Cars		Total
		£		£		£
Cost
At 01/11/2023		2,000		16,500		18,500
At 31/10/2024		2,000		16,500		18,500
Depreciation
At 01/11/2023		956		7,219		8,175
For the year		157		2,320		2,477
At 31/10/2024		1,113		9,539		10,652
Net Book Amounts
At 31/10/2024		887		6,961		7,848
At 31/10/2023		1,044		9,281		10,325

First Exec Limited

4. DEBTORS				2024		2023
				£		£
Amounts falling due within one year
Other debtors				11,120		-
Directors current account				-		8,983
				11,120		8,983

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2024		2023
				£		£
UK corporation tax				3,725		-
Bank Loan				6,000		6,000
Trade creditors				2,578		1,780
Accruals				2,000		1,900
				14,303		9,680

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2024		2023
				£		£
Bank loans (unsecured) >1yr				3,000		9,000
				3,000		9,000

7. PROVISIONS FOR LIABILITIES				2024		2023
				£		£
Deferred taxation				1,900		700
				1,900		700

First Exec Limited

8. SHARE CAPITAL				2024		2023
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100		100
				100		100

9. CONTROLLING PARTY

The company is controlled by N Shugi, the director.

10. RELATED PARTY TRANSACTIONS

At the year end date the company was owed £nil by its director (2023: £8,983). At the same date the Company was owed £11,120 (2023: £ nil) by Shugi Estates, a company under common control. This is included in debtors and is repayable on demand.