Registration number: 12309638

First Avenue Services Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

First Avenue Services Ltd

Company Information

Director

Mrs J Tallamy

Registered office

42a Walnut Road Chelston Torquay Devon TQ2 6HS

Accountants

Neil Wilson Accountancy Limited Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

First Avenue Services Ltd

(Registration number: 12309638)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	11,439	1,253
Current assets
Debtors	5	1,360	1,400
Cash at bank and in hand		317,678	268,036
		319,038	269,436
Creditors: Amounts falling due within one year	6	(106,509)	(83,243)
Net current assets		212,529	186,193
Total assets less current liabilities		223,968	187,446
Provisions for liabilities		(107,000)	(70,000)
Net assets		116,968	117,446
Capital and reserves
Called up share capital	7	2	2
Retained earnings		116,966	117,444
Shareholders' funds		116,968	117,446

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 April 2026
 

......................................... Mrs J Tallamy Director

First Avenue Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
42a Walnut Road
Chelston
Torquay
Devon
TQ2 6HS
United Kingdom

These financial statements were authorised for issue by the director on 30 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

First Avenue Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance
Furniture and fittings	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

First Avenue Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2025 - 8).

First Avenue Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2025	2,672	-	2,672
Additions	-	13,999	13,999
At 28 February 2026	2,672	13,999	16,671
Depreciation
At 1 March 2025	1,419	-	1,419
Charge for the year	313	3,500	3,813
At 28 February 2026	1,732	3,500	5,232
Carrying amount
At 28 February 2026	940	10,499	11,439
At 28 February 2025	1,253	-	1,253

5

Debtors

Current	2026 £	2025 £
Trade debtors	1,360	1,400
	1,360	1,400

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	31,738	38,760
Accruals and deferred income	3,073	2,400
Other creditors	71,698	42,083
	106,509	83,243

7	Share capital

Allotted, called up and fully paid shares

First Avenue Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

	2026		2025
	No.	£	No.	£
Ordinary Share of £1 each	2	2	2	2

8

Dividends

		2026		2025
		£		£
Interim dividend of £10,000.00 (2025 - £10,000.00) per ordinary share		20,000		20,000

9	Related party transactions

Transactions with the director

2026	At 1 March 2025 £	Advances to director £	At 28 February 2026 £
Mrs J Tallamy
Director loan	(10,472)	4,923	(5,549)
Ms L Hammett
Director loan	(312)	-	(312)

2025	At 1 March 2024 £	Advances to director £	Repayments by director £	At 28 February 2025 £
Mrs J Tallamy
Director loan	(23,336)	14,864	(2,000)	(10,472)
Ms L Hammett
Director loan	(312)	-	-	(312)

Director's remuneration

The director's remuneration for the year was as follows:

First Avenue Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

	2026 £	2025 £
Remuneration	12,570	12,570
Contributions paid to money purchase schemes	37,000	20,000
	49,570	32,570

Dividends paid to the director

		2026 £		2025 £
Mrs J Tallamy
Mrs J Tallamy		20,000		20,000