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
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
Firstway Group Ltd
Statement of financial position
as at 30 April 2025
Tangible assets
94,057
41,838
Debtors
1,336,087
1,093,815
Cash at bank and in hand
97,456
30,838
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
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
Firstway Group Ltd
Notes to the Accounts
for the year ended 30 April 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Charge for the year
31,279
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).