Registration number: 05051179

First Class Supply & Tutoring Limited

(Registration number: 05051179)
Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	40,878	50,382
Investments	6	15,000	15,000
		55,878	65,382
Current assets
Debtors	7	874,181	872,501
Cash at bank and in hand		703,289	740,991
		1,577,470	1,613,492
Creditors: Amounts falling due within one year	8	(822,263)	(757,839)
Net current assets		755,207	855,653
Total assets less current liabilities		811,085	921,035
Creditors: Amounts falling due after more than one year	8	(19,755)	(23,556)
Provisions for liabilities		(3,687)	(4,630)
Net assets		787,643	892,849
Capital and reserves
Called up share capital		2	2
Retained earnings		787,641	892,847
Shareholders' funds		787,643	892,849

First Class Supply & Tutoring Limited

(Registration number: 05051179)
Statement of Financial Position as at 31 January 2026

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 Income Statement.

Approved and authorised by the Board on 5 November 2026 and signed on its behalf by:
 

......................................... Miss L Robinson Director

......................................... Ms S Boulton Company secretary and director

First Class Supply & Tutoring Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
136 Whitley Road
Whitley Bay
Tyne And Wear
NE26 2NA

These financial statements were authorised for issue by the Board on 5 November 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.

The financial statements are prepared in sterling (£), which is the functional currency of the company.

Going concern

The financial statements have been prepared on a going concern basis.

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 and deferred 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.

First Class Supply & Tutoring Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Fixtures and furniture	25% reducing balance
Office equipment	25% straight line
Motor vehicles	25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

First Class Supply & Tutoring Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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 directors) during the year, was 322 (2025 - 325).

First Class Supply & Tutoring Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 February 2025	19,828	19,828
At 31 January 2026	19,828	19,828
Amortisation
At 1 February 2025	19,828	19,828
At 31 January 2026	19,828	19,828
Carrying amount
At 31 January 2026	-	-

5	Tangible assets

	Fixtures and fittings £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	36,035	156,340	31,709	224,084
Additions	-	1,299	-	1,299
Disposals	-	(20,171)	-	(20,171)
At 31 January 2026	36,035	137,468	31,709	205,212
Depreciation
At 1 February 2025	27,812	142,499	3,391	173,702
Charge for the year	2,056	3,379	4,070	9,505
Eliminated on disposal	-	(18,873)	-	(18,873)
At 31 January 2026	29,868	127,005	7,461	164,334
Carrying amount
At 31 January 2026	6,167	10,463	24,248	40,878
At 31 January 2025	8,223	13,841	28,318	50,382

First Class Supply & Tutoring Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6	Investments

	2026 £	2025 £
Investments in subsidiaries	15,000	15,000