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Company Registration No. 12383758 (England and Wales)
Firstway Group Ltd Unaudited accounts for the year ended 30 April 2025
Firstway Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Firstway Group Ltd Company Information for the year ended 30 April 2025
Directors
Moses Moskovits Hershel Moskowitz
Company Number
12383758 (England and Wales)
Registered Office
166 Stamford Hill London N16 6QX England
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Firstway Group Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
94,057
41,838
Current assets
Inventories
9,326
5,725
Debtors
1,336,087
1,093,815
Cash at bank and in hand
97,456
30,838
1,442,869
1,130,378
Creditors: amounts falling due within one year
(533,510)
(438,358)
Net current assets
909,359
692,020
Total assets less current liabilities
1,003,416
733,858
Creditors: amounts falling due after more than one year
(10,000)
(12,500)
Net assets
993,416
721,358
Capital and reserves
Called up share capital
1
1
Profit and loss account
993,415
721,357
Shareholders' funds
993,416
721,358
For the year ending 30 April 2025 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2025 and were signed on its behalf by
Moses Moskovits Director Company Registration No. 12383758
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Firstway Group Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Firstway Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12383758. The registered office is 166 Stamford Hill, London, N16 6QX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
33% Reducing Balance
Computer equipment
33% Reducing Balance
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 May 2024
65,741
Additions
83,498
At 30 April 2025
149,239
Depreciation
At 1 May 2024
23,903
Charge for the year
31,279
At 30 April 2025
55,182
Net book value
At 30 April 2025
94,057
At 30 April 2024
41,838
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Firstway Group Ltd Notes to the Accounts for the year ended 30 April 2025
5
Transactions with related parties
Included within debtors are amounts aggregating to £855,119 (2024: £693,119) due from companies with a director in common with this company. Included within creditors are amounts aggregating to £217,315 (2024: 130,061) due to companies with a director in common with this company.
6
Average number of employees
During the year the average number of employees was 10 (2024: 5).
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