1 June 2024 false No description of principal activity Taxfiler 2024.6 13409563 business:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 13409563 2024-05-31 13409563 2024-06-01 2025-05-31 13409563 business:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 13409563 business:FilletedAccounts 2024-06-01 2025-05-31 13409563 2025-05-31 13409563 business:Director1 2024-06-01 2025-05-31 13409563 business:RegisteredOffice 2024-06-01 2025-05-31 13409563 2024-05-31 13409563 core:WithinOneYear 2025-05-31 13409563 core:WithinOneYear 2024-05-31 13409563 core:ShareCapital core:PreviouslyStatedAmount 2025-05-31 13409563 core:ShareCapital core:PreviouslyStatedAmount 2024-05-31 13409563 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-31 13409563 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-05-31 13409563 core:PreviouslyStatedAmount 2025-05-31 13409563 core:PreviouslyStatedAmount 2024-05-31 13409563 business:SmallEntities 2024-06-01 2025-05-31 13409563 countries:EnglandWales 2024-06-01 2025-05-31 13409563 core:LandBuildings 2024-05-31 13409563 core:LandBuildings 2025-05-31 13409563 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 13409563 (England and Wales)
First Pressing Ltd Unaudited accounts for the year ended 31 May 2025
First Pressing Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
First Pressing Ltd Company Information for the year ended 31 May 2025
Director
Mark Edward Sweeney
Company Number
13409563 (England and Wales)
Registered Office
Apartment 7 154 Bedford Street South Liverpool Merseyside L7 7DB England
Accountants
Lewis Smith Accountants Ltd 207A PENSBY ROAD HESWALL WIRRAL CH61 6UE
- 3 -
First Pressing Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
207,445
207,445
Current assets
Debtors
5
692
-
Cash at bank and in hand
3,161
1,525
3,853
1,525
Creditors: amounts falling due within one year
6
(206,663)
(210,689)
Net current liabilities
(202,810)
(209,164)
Net assets/(liabilities)
4,635
(1,719)
Capital and reserves
Called up share capital
100
100
Profit and loss account
4,535
(1,819)
Shareholders' funds
4,635
(1,719)
For the year ending 31 May 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 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 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 and authorised for issue on 23 December 2025 and were signed on its behalf by
Mark Edward Sweeney Director Company Registration No. 13409563
- 4 -
First Pressing Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
First Pressing Ltd is a private company, limited by shares, registered in England and Wales, registration number 13409563. The registered office is Apartment 7, 154 Bedford Street South, Liverpool, Merseyside, L7 7DB, 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
These financial statements for the year ended 31 May 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 June 2024
207,445
At 31 May 2025
207,445
Depreciation
At 31 May 2025
-
Net book value
At 31 May 2025
207,445
At 31 May 2024
207,445
- 5 -
First Pressing Ltd Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
(800)
-
Other debtors
1,492
-
692
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
152,209
157,469
Taxes and social security
1,490
231
Loans from directors
52,514
52,514
Accruals
450
475
206,663
210,689
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -