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Registered number: 08430202
First Class Comms Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Fifty Five Financial Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08430202
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,329 3,660
Tangible Assets 5 8,552 10,139
10,881 13,799
CURRENT ASSETS
Stocks 6 5,912 9,245
Debtors 7 155,166 135,292
Cash at bank and in hand 101,858 51,124
262,936 195,661
Creditors: Amounts Falling Due Within One Year 8 (174,957 ) (165,969 )
NET CURRENT ASSETS (LIABILITIES) 87,979 29,692
TOTAL ASSETS LESS CURRENT LIABILITIES 98,860 43,491
Creditors: Amounts Falling Due After More Than One Year 9 - (10,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,393 ) (3,848 )
NET ASSETS 96,467 29,643
CAPITAL AND RESERVES
Called up share capital 10 300 300
Share premium account 9,940 9,940
Profit and Loss Account 86,227 19,403
SHAREHOLDERS' FUNDS 96,467 29,643
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For the year ending 31 March 2026 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 Mark Burland
Director
22/06/2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
First Class Comms Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08430202 . The registered office is First Floor, 4 Morston Court, Aisecome Way, Weston-Super-Mare, BS22 8NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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 - Other Intangible
Investment in the Company’s brand is recognised as an intangible asset where future economic benefits are expected to arise.
The asset is amortised on a straight‑line basis over an estimated useful economic life of five 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 33% Straight Line
Fixtures & Fittings 7 years Straight Line
Computer Equipment 33% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: 6)
5 6
4. Intangible Assets
Other
£
Cost
As at 1 April 2025 6,654
As at 31 March 2026 6,654
Amortisation
As at 1 April 2025 2,994
Provided during the period 1,331
As at 31 March 2026 4,325
Net Book Value
As at 31 March 2026 2,329
As at 1 April 2025 3,660
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 15,298 14,569 5,868 35,735
Additions 120 - 2,220 2,340
As at 31 March 2026 15,418 14,569 8,088 38,075
Depreciation
As at 1 April 2025 14,228 6,618 4,750 25,596
Provided during the period 571 2,441 915 3,927
As at 31 March 2026 14,799 9,059 5,665 29,523
Net Book Value
As at 31 March 2026 619 5,510 2,423 8,552
As at 1 April 2025 1,070 7,951 1,118 10,139
6. Stocks
2026 2025
£ £
Stock 5,912 9,245
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 19,438 17,685
Prepayments and accrued income 52,473 32,074
Other debtors 6,655 9,804
Amounts owed by group undertakings 23,916 16,405
102,482 75,968
Due after more than one year
Other debtors 52,684 59,324
155,166 135,292
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 48,412 63,875
Bank loans and overdrafts 10,000 10,000
Corporation tax 58,821 43,608
Other taxes and social security 2,586 3,170
VAT 41,848 42,253
Pension payable 506 -
Other creditors (2) 10,303 -
Accruals and deferred income 2,481 3,063
174,957 165,969
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 10,000
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 300 300
11. Related Party Transactions
Mark Burland is the sole director of the company and of MB & AB Property Company Limited. At the year-end MB & AB Property Company Limited owed the company £59,339 (2025: £65,995)
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