The First & Last Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05543051

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		89,640		103,117

			89,640		103,117
CURRENT ASSETS
Stocks	6	7,093		11,004
Debtors	7	8,133		12,351
Cash at bank and in hand		98		1,889

		15,324		25,244
Creditors: Amounts Falling Due Within One Year	8	(129,818 )		(90,176 )

NET CURRENT ASSETS (LIABILITIES)			(114,494 )		(64,932 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(24,854 )		38,185

Creditors: Amounts Falling Due After More Than One Year	9		(786,484 )		(767,632 )

NET LIABILITIES			(811,338 )		(729,447 )

CAPITAL AND RESERVES
Called up share capital	10		4		4
Profit and Loss Account			(811,342 )		(729,451 )

SHAREHOLDERS' FUNDS			(811,338)		(729,447)

Page 1

Page 2

The First & Last Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr G Robinson

Director

22/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The First & Last Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05543051 . The registered office is 98 Kings Road, Windsor, SL4 2AP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

On the basis that the Director's loan accounts will not be repaid until the Company becomes profit-making, the directors have reasonable expectation that the Company has adequate resources, from themselves, to continue in operational existence for the foreseeable future. The Compnay will therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	30 years
Plant & Machinery	20% Striaght Line
Fixtures & Fittings	20% Stright Line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2023: 15)

Page 3

Page 4

The First & Last Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	995

As at 31 December 2024	995

Amortisation
As at 1 January 2024	995

As at 31 December 2024	995

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	201,943	13,270	132,184	347,397
Additions	-	-	523	523

As at 31 December 2024	201,943	13,270	132,707	347,920

Depreciation
As at 1 January 2024	122,638	12,018	109,624	244,280
Provided during the period	6,732	355	6,913	14,000

As at 31 December 2024	129,370	12,373	116,537	258,280

Net Book Value
As at 31 December 2024	72,573	897	16,170	89,640

As at 1 January 2024	79,305	1,252	22,560	103,117

6. Stocks

	2024	2023
	£	£
Stock	7,093	11,004

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,216	7,244
Other debtors	5,917	5,107

	8,133	12,351

Page 4

Page 5

The First & Last Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	62,061	48,172
Bank loans and overdrafts	10,000	10,000
Other creditors	23,822	6,278
Taxation and social security	33,935	25,726

	129,818	90,176

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	8,333	14,167
Other creditors	778,151	753,465

	786,484	767,632

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	4	4

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	27,500	55,000
Later than one year and not later than five years	-	27,500

	27,500	82,500

Page 5