REGISTERED NUMBER: 02090258 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FIRTH GROUND SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr. C B Firth

REGISTERED OFFICE:

71 Howard Street

North Shields

Tyne and Wear

NE30 1AF

REGISTERED NUMBER:

02090258 (England and Wales)

ACCOUNTANTS:

BK Plus Limited

Chartered Certified Accountants

13 Windsor Terrace

Jesmond

Newcastle upon Tyne

NE2 4HE

BANKERS:

HSBC Bank plc

110 Grey Street

Newcastle upon Tyne

NE1 6JG

FIXED ASSETS

Tangible assets

4

16

21

CURRENT ASSETS

Debtors

5

60

261

Cash at bank and in hand

364

116

424

377

CREDITORS

Amounts falling due within one year

6

27,105

26,283

NET CURRENT LIABILITIES

(26,681

)

(25,906

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,665

)

(25,885

)

CAPITAL AND RESERVES

Called up share capital

110

110

Share premium

1,598

1,598

Retained earnings

(28,373

)

(27,593

)

SHAREHOLDERS' FUNDS

(26,665

)

(25,885

)

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

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

The financial statements were approved by the director and authorised for issue on 2 December 2025 and were signed by:

Mr. C B Firth - Director

1.	STATUTORY INFORMATION

Firth Ground Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services, excluding value added tax. Turnover is recognised on periodic submission of invoices during the course of contracts

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

-

25% on reducing balance

Financial instruments

Financial instruments are shown at their market value, with any annual movement being reflected as a realised gain or loss in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

850

DEPRECIATION

At 1 April 2024

829

Charge for year

5

At 31 March 2025

834

NET BOOK VALUE

At 31 March 2025

16

At 31 March 2024

21

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

60

261

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

27,105

26,283

7.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £23,000 (2024 - £22,500) due to I2I Engineering Limited. Mr C B Firth is a director and 100% shareholder in I2I Engineering Limited and is a director and 95% shareholder in Firth Ground Systems Limited.