Firstclad Ltd - Filleted accounts

Registered number

11156873

Firstclad Ltd

Filleted Accounts

31 January 2026

Firstclad Ltd
Registered number:		11156873
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		33,362			59,442

Current assets
	4	29,043			19,911
Cash at bank and in hand		177,826			175,585
		206,869			195,496

Creditors: amounts falling due within one year	5	(20,947)			(33,697)

Net current assets			185,922			161,799

Total assets less current liabilities			219,284			221,241

Creditors: amounts falling due after more than one year	6		-			(24,425)



Net assets			219,284			196,816

Capital and reserves
Called up share capital			100			100
Profit and loss account			219,184			196,716

Shareholder's funds			219,284			196,816

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Jamie Keane
Director
Approved by the board on 10 June 2026

Firstclad Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment	20% straight line
	Furniture and fixtures	25% reducing balance
	Motor Vehicles	25% straight line

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	44,269		47,872		92,141
	Additions	-		(41,072)		(41,072)
	Disposals	-		3,200		3,200
	At 31 January 2026	44,269		10,000		54,269

	Depreciation
	At 1 February 2025	6,219		26,480		32,699
	Charge for the year	7,688		200		7,888
	On disposals	-		(19,680)		(19,680)
	At 31 January 2026	13,907		7,000		20,907

	Net book value
	At 31 January 2026	30,362		3,000		33,362
	At 31 January 2025	38,050		21,392		59,442


4	Debtors			2026		2025
£					£

	Trade debtors			4,410		-
	Other debtors			24,633		19,911
				29,043		19,911


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			-		6,948
	Trade creditors and accruals			2,099		3,721
	Taxation and social security costs			18,760		6,421
	Other creditors			88		16,607
				20,947		33,697


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			-		24,425


7	Other information

	Firstclad Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	C/O P1 Accounting Services Ltd
	C11 Tweedale Industrial Estate
	Madeley
	Telford
	TF7 4JR