ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 04353235

FIRST LINE TELECOMS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

FIRST LINE TELECOMS LTD

REGISTERED NUMBER: 04353235

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	80,116		95,085
Cash at bank and in hand	5	1,252		7,318
		81,368		102,403
Creditors: amounts falling due within one year	6	(31,791)		(53,664)
Net current assets			49,577		48,739
Total assets less current liabilities			49,577		48,739
Creditors: amounts falling due after more than one year	7		(1,467)		(10,267)

Net assets			48,110		38,472

Capital and reserves
Called up share capital	9	100	100
Profit and loss account		48,010	38,372
		48,110	38,472

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FIRST LINE TELECOMS LTD

REGISTERED NUMBER: 04353235

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 December 2025.

M J Reid

Director

The notes on pages 3 to 7 form part of these financial statements.

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FIRST LINE TELECOMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

First Line Telecoms Ltd is a company limited by shares, incorporated in England and Wales. The address of the registered office is 5 Marchmont Gate, Boundary Way, Hemel Hempstead, England, HP2 7BF.

The company specialises in the supply and maintenance of telecoms services and equipment.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

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FIRST LINE TELECOMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

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FIRST LINE TELECOMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	-	527
Amounts owed by group undertakings	80,116	90,265
Prepayments and accrued income	-	4,293
	80,116	95,085

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	1,252	7,318
	1,252	7,318

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	8,800	8,800
Trade creditors	-	5,151
Amounts owed to group undertakings	22,991	26,022
Corporation tax	-	767
Other taxation and social security	-	7,255
Accruals and deferred income	-	5,669
	31,791	53,664

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FIRST LINE TELECOMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	1,467	10,267
	1,467	10,267

Amounts falling due within one year
Bank loans	8,800	8,800
Amounts falling due 1-2 years
Bank loans	1,467	8,800
Amounts falling due 2-5 years
Bank loans	-	1,467
	10,267	19,067

Bank loans are secured by a debenture over all assets of the company.

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

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FIRST LINE TELECOMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Not later than 1 year	-	11,694
Later than 1 year and not later than 5 years	-	46,776
Later than 5 years	-	25,337
	-	83,807

11.	Related party transactions
	The company has taken advantage of the exemption permitted by FRS102 not to disclose any transactions with its group undertakings on the basis that they are wholly owned.

12.	Ultimate parent undertaking and controlling party

The immediate parent undertaking is First Line IT Limited, a company incorporated in England and Wales.
The ultimate parent undertaking is Aequitas Topco Limited, a company incorporated in England and Wales.

There is no ultimate controlling party.

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