2022-07-012023-06-302023-06-30false03382990FIRSTLINE TECHNOLOGY 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FIRSTLINE TECHNOLOGY LIMITED

Registered Number
03382990
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

FIRSTLINE TECHNOLOGY LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

RODRIGUEZ, Francisco Manuel

Registered Address

The Old Farmhouse Grange Farm
Helmdon
Brackley
NN13 5QF

Registered Number

03382990 (England and Wales)
FIRSTLINE TECHNOLOGY LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets537,19454,176
37,19454,176
Current assets
Debtors634,99086,448
Cash at bank and on hand98,04762,875
133,037149,323
Creditors amounts falling due within one year7(90,024)(129,467)
Net current assets (liabilities)43,01319,856
Total assets less current liabilities80,20774,032
Creditors amounts falling due after one year8(27,783)(49,270)
Net assets52,42424,762
Capital and reserves
Called up share capital1,0001,000
Profit and loss account51,42423,762
Shareholders' funds52,42424,762
The financial statements were approved and authorised for issue by the Director on 13 March 2024, and are signed on its behalf by:
RODRIGUEZ, Francisco Manuel
Director
Registered Company No. 03382990
FIRSTLINE TECHNOLOGY LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Vehicles-4
Office Equipment-4
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 July 2249,32667,75027,433144,509
Additions--1,0061,006
At 30 June 2349,32667,75028,439145,515
Depreciation and impairment
At 01 July 2248,17616,17625,98190,333
Charge for year28716,93776417,988
At 30 June 2348,46333,11326,745108,321
Net book value
At 30 June 2386334,6371,69437,194
At 30 June 221,15051,5741,45254,176
6.Debtors

2023

2022

££
Trade debtors / trade receivables33,30737,508
Other debtors1,0003,760
Prepayments and accrued income68345,180
Total34,99086,448
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables35,69730,076
Bank borrowings and overdrafts10,00010,000
Taxation and social security27,23924,291
Finance lease and HP contracts11,48811,488
Other creditors2,064658
Accrued liabilities and deferred income3,53652,954
Total90,024129,467
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.
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts19,16729,167
Other creditors8,61620,103
Total27,78349,270
9.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts8,61620,103