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Registered number: 07737289
Firstline Construction Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07737289
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 9,800
Tangible Assets 5 883 1,177
883 10,977
CURRENT ASSETS
Debtors 6 408 196
Cash at bank and in hand 521 23,249
929 23,445
Creditors: Amounts Falling Due Within One Year 7 (44,737 ) (22,291 )
NET CURRENT ASSETS (LIABILITIES) (43,808 ) 1,154
TOTAL ASSETS LESS CURRENT LIABILITIES (42,925 ) 12,131
Creditors: Amounts Falling Due After More Than One Year 8 (24,167 ) (30,833 )
NET LIABILITIES (67,092 ) (18,702 )
CAPITAL AND RESERVES
Called up share capital 9 110 110
Profit and Loss Account (67,202 ) (18,812 )
SHAREHOLDERS' FUNDS (67,092) (18,702)
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Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Voicu
Director
17th April 2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Firstline Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07737289 . The registered office is Office 9, Dalton House, 60 Windsor Avenue, London, SW19 2RR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period from 1 September 2024 to 31 August 2025 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Computer Equipment 25% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 49,000
As at 31 August 2025 49,000
Amortisation
As at 1 September 2024 39,200
Provided during the period 9,800
As at 31 August 2025 49,000
...CONTINUED
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Net Book Value
As at 31 August 2025 -
As at 1 September 2024 9,800
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 September 2024 3,725 4,156 7,881
As at 31 August 2025 3,725 4,156 7,881
Depreciation
As at 1 September 2024 3,607 3,097 6,704
Provided during the period 30 264 294
As at 31 August 2025 3,637 3,361 6,998
Net Book Value
As at 31 August 2025 88 795 883
As at 1 September 2024 118 1,059 1,177
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 408 196
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 956
Bank loans and overdrafts 3,333 3,333
Other loans 4,000 4,000
Other creditors 36,026 11,776
Taxation and social security 1,378 2,226
44,737 22,291
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 12,500 15,833
Other loans 11,667 15,000
24,167 30,833
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9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10 Ordinary A shares of £ 1.00 each 10 10
110 110
10. Dividends
11. Related Party Transactions
During the year, no dividend were paid to the director.
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr D Voicu by virtue of his ownership of more than 75% of the issued share capital in the company.
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