Firstfind Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04691555 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2024

FOR

FIRSTFIND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J N Spallone

REGISTERED OFFICE:

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

REGISTERED NUMBER:

04691555 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Tangible assets

5

-

Investments

6

-

2

-

2

CURRENT ASSETS

Debtors

7

40,437

978,224

Cash at bank

305

481

40,742

978,705

CREDITORS

Amounts falling due within one year

8

36,356

522,522

NET CURRENT ASSETS

4,386

456,183

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,386

456,185

CREDITORS

Amounts falling due after more than one year

9

16,181

24,736

NET (LIABILITIES)/ASSETS

(11,795

)

431,449

CAPITAL AND RESERVES

Called up share capital

10

301,267

Share premium

608,995

Retained earnings

(922,057

)

(478,813

)

SHAREHOLDERS' FUNDS

(11,795

)

431,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 4 November 2025 and were signed by:

J N Spallone - Director

1.	STATUTORY INFORMATION

Firstfind 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Long leasehold

-

in accordance with the property

Fixtures and fittings

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

The bounce back loan scheme

The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% for the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

Cost

At 29 March 2023

and 28 March 2024

1,684,943

57,019

1,741,962

Depreciation

At 29 March 2023

and 28 March 2024

1,684,943

57,019

1,741,962

Net book value

At 28 March 2024

-

At 28 March 2023

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 29 March 2023

2

Disposals

(2

)

At 28 March 2024

-

Net book value

At 28 March 2024

-

At 28 March 2023

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

40,437

963,388

VAT

-

14,836

40,437

978,224

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

12,100

11,905

Trade creditors

15,094

-

VAT

4,471

-

Other creditors

-

426,234

Accrued expenses

4,691

84,383

36,356

522,522

The bank loan is 100% guaranteed by the government in line with the COVID scheme rules. Interest is being charged at 0% in the first year and 2.5% per annum thereafter.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

16,181

24,736

The bank loan is 100% guaranteed by the government in line with the COVID scheme rules. Interest is being charged at 0% in the first year and 2.5% per annum thereafter.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1,012,667

Ordinary

£0.10

101,267

2,000,000

Ordinary "B"

£0.10

200,000

301,267

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other group companies.