Registration number: 04477269

First Class Systems Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

First Class Systems Ltd

(Registration number: 04477269)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Other financial assets	6	68,943	48,576
Current assets
Debtors	7	-	2,158
Cash at bank and in hand		18,608	47,290
		18,608	49,448
Creditors: Amounts falling due within one year	8	(14,444)	(15,570)
Net current assets		4,164	33,878
Net assets		73,107	82,454
Capital and reserves
Called up share capital		1	1
Retained earnings		73,106	82,453
Shareholders' funds		73,107	82,454

For the financial year ending 31 July 2025 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 his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 December 2025
 

......................................... R Meredith Company secretary and director

First Class Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

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:
24 Castle Grove
Newbury
Berkshire
RG14 1PR
England

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.

Tax

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.

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	20% straight line basis

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 Class Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3

Taxation

	2025		2024
	£		£
Corporation tax	-		-

4	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 August 2024	2,150	2,150
At 31 July 2025	2,150	2,150
Depreciation
At 1 August 2024	2,150	2,150
At 31 July 2025	2,150	2,150
Carrying amount
At 31 July 2025	-	-

First Class Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 August 2024	48,576	48,576
Fair value adjustments	5,367	5,367
Additions	15,000	15,000
At 31 July 2025	68,943	68,943
Impairment
Carrying amount
At 31 July 2025	68,943	68,943

7

Debtors

Current	2025 £	2024 £
Other debtors	-	2,158
	-	2,158

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Other creditors	14,444	15,570