Firstkey Systems Limited - Filleted accounts

Registered number

04061028

Firstkey Systems Limited

Filleted Accounts

31 August 2025

Firstkey Systems Limited
Registered number:		04061028
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		313			1,030

Current assets
Cash at bank and in hand		229,382			268,338

Creditors: amounts falling due within one year	4	(21,001)			(64,209)

Net current assets			208,381			204,129

Net assets			208,694			205,159

Capital and reserves
Called up share capital			1			1
Profit and loss account			208,693			205,158

Shareholder's funds			208,694			205,159

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G. Withers
Director
Approved by the board on 11 August 2026

Firstkey Systems Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 the 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. .

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 September 2024				19,679
	At 31 August 2025				19,679

	Depreciation
	At 1 September 2024				18,649
	Charge for the year				717
	At 31 August 2025				19,366

	Net book value
	At 31 August 2025				313
	At 31 August 2024				1,030


4	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		14,412		42,753
	Other creditors		6,589		21,456
			21,001		64,209


5	Other information

	Firstkey Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
	23 Westlands
	Rustington
	West Sussex
	BN16 3NW