REGISTERED NUMBER: 11639872

Unaudited Financial Statements for the Year Ended 31 October 2025

for

First Group Midlands Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr M A Price

REGISTERED OFFICE:

Hilters Fruit Farm

Oxenhall

Newent

Gloucestershire

GL18 1RN

REGISTERED NUMBER:

11639872

ACCOUNTANTS:

Boyds Accountants

Britannia Court

5 Moor Street

Worcester

Worcestershire

WR1 3DB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of First Group Midlands Ltd for the year ended 31 October 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of First Group Midlands Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of First Group Midlands Ltd and state those matters that we have agreed to state to the director of First Group Midlands Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than First Group Midlands Ltd and its director for our work or for this report.

It is your duty to ensure that First Group Midlands Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of First Group Midlands Ltd. You consider that First Group Midlands Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of First Group Midlands Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Boyds Accountants

Britannia Court

5 Moor Street

Worcester

Worcestershire

WR1 3DB

Date: .............................................

FIXED ASSETS

Tangible assets

4

74,701

91,816

CURRENT ASSETS

Debtors

5

22,916

23,788

Cash at bank

45,049

70,598

67,965

94,386

CREDITORS

Amounts falling due within one year

6

(74,017

)

(65,438

)

NET CURRENT (LIABILITIES)/ASSETS

(6,052

)

28,948

TOTAL ASSETS LESS CURRENT LIABILITIES

68,649

120,764

CREDITORS

Amounts falling due after more than one year

7

(40,211

)

(56,468

)

PROVISIONS FOR LIABILITIES

(7,671

)

(11,314

)

NET ASSETS

20,767

52,982

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

20,747

52,962

SHAREHOLDERS' FUNDS

20,767

52,982

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2026 and were signed by:

Mr M A Price - Director

1.	STATUTORY INFORMATION

First Group Midlands Ltd is a private company, limited by shares , registered in Not specified/Other. 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

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

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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

94,649

73,464

8,193

176,306

Additions

-

1,500

-

1,500

At 31 October 2025

94,649

74,964

8,193

177,806

DEPRECIATION

At 1 November 2024

41,144

40,493

2,853

84,490

Charge for year

10,701

6,845

1,069

18,615

At 31 October 2025

51,845

47,338

3,922

103,105

NET BOOK VALUE

At 31 October 2025

42,804

27,626

4,271

74,701

At 31 October 2024

53,505

32,971

5,340

91,816

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,656

21,603

Other debtors

2,260

2,185

22,916

23,788

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

16,258

15,408

Trade creditors

19,522

10,039

Tax

6,866

9,158

Social security and other taxes

4,663

3,255

VAT

12,737

12,958

Other creditors

789

376

Credit card

9,537

4,924

Directors' current accounts

345

20

Accrued expenses

3,300

9,300

74,017

65,438

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

15,127

16,258

Bank loans - 2-5 years

21,082

25,070

Bank loans more 5 yr by instal

4,002

15,140

40,211

56,468

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,002

15,140