REGISTERED NUMBER: 10772880 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

Firstclass Managerial Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Mikesh Parekh

REGISTERED OFFICE:

57-59 Penny Meadow

Ashton-Under-Lyne

OL6 6HE

REGISTERED NUMBER:

10772880 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

501,484

501,484

Property, plant and equipment

5

45,708

55,741

547,192

557,225

CURRENT ASSETS

Inventories

62,250

52,579

Debtors

6

153,886

117,099

Cash at bank and in hand

84,832

75,409

300,968

245,087

CREDITORS

Amounts falling due within one year

7

510,035

452,929

NET CURRENT LIABILITIES

(209,067

)

(207,842

)

TOTAL ASSETS LESS CURRENT LIABILITIES

338,125

349,383

CREDITORS

Amounts falling due after more than one year

8

263,500

267,015

NET ASSETS

74,625

82,368

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

74,525

82,268

SHAREHOLDERS' FUNDS

74,625

82,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 27 May 2026 and were signed by:

Mr Mikesh Parekh - Director

1.	STATUTORY INFORMATION

Firstclass Managerial Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

18% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

501,484

NET BOOK VALUE

At 31 May 2025

501,484

At 31 May 2024

501,484

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

126,202

DEPRECIATION

At 1 June 2024

70,461

Charge for year

10,033

At 31 May 2025

80,494

NET BOOK VALUE

At 31 May 2025

45,708

At 31 May 2024

55,741

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

153,886

44,006

Other debtors

-

73,093

153,886

117,099

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

7,692

(36,940

)

Taxation and social security

378,559

451,085

Other creditors

123,784

38,784

510,035

452,929

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

163,930

192,906

Other creditors

99,570

74,109

263,500

267,015

31.5.25

31.5.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

117,000

Just Cashflow Loan

13,800

7,677

HSBC Loan

57,864

23,154

Interim Enterprises Loan

58,743

41,292

130,407

189,123

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

100

Ordinary

1

100

100

100 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.