IRIS Accounts Production v23.2.0.158 11755743 Board of Directors Board of Directors 1.2.22 31.1.23 31.1.23 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117557432022-01-31117557432023-01-31117557432022-02-012023-01-31117557432021-01-31117557432021-02-012022-01-31117557432022-01-3111755743ns10:Originalns15:EnglandWales2022-02-012023-01-3111755743ns14:PoundSterlingns10:Original2022-02-012023-01-3111755743ns10:Originalns10:Director12022-02-012023-01-3111755743ns10:Original2022-02-012023-01-3111755743ns10:Originalns10:Director22022-02-012023-01-3111755743ns10:Original2023-01-3111755743ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3111755743ns10:Originalns10:SmallEntities2022-02-012023-01-3111755743ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3111755743ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3111755743ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3111755743ns10:Originalns10:FullAccounts2022-02-012023-01-3111755743ns10:Original2021-02-012022-01-3111755743ns10:CompanySecretary1ns10:Original2022-02-012023-01-3111755743ns10:Originalns10:RegisteredOffice2022-02-012023-01-3111755743ns10:Original2022-01-3111755743ns10:Originalns5:CurrentFinancialInstruments2023-01-3111755743ns10:Originalns5:CurrentFinancialInstruments2022-01-3111755743ns10:Originalns5:Non-currentFinancialInstruments2023-01-3111755743ns10:Originalns5:Non-currentFinancialInstruments2022-01-3111755743ns5:ShareCapitalns10:Original2023-01-3111755743ns5:ShareCapitalns10:Original2022-01-3111755743ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3111755743ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3111755743ns10:Original2022-01-3111755743ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3111755743ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-01-31
REGISTERED NUMBER: 11755743 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Firstlight Limited

Firstlight Limited (Registered number: 11755743)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Firstlight Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: L Pickering
N Baker





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 11755743 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Firstlight Limited (Registered number: 11755743)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 315,750 190,750

CURRENT ASSETS
Cash at bank 6,953 18,102

CREDITORS
Amounts falling due within one year 5 91,022 91,624
NET CURRENT LIABILITIES (84,069 ) (73,522 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,681

117,228

CREDITORS
Amounts falling due after more than one year 6 275,298 160,050
NET LIABILITIES (43,617 ) (42,822 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (43,717 ) (42,922 )
(43,617 ) (42,822 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Firstlight Limited (Registered number: 11755743)

Balance Sheet - continued
31 January 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:




N Baker - Director



L Pickering - Director


Firstlight Limited (Registered number: 11755743)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Firstlight Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

Firstlight Limited (Registered number: 11755743)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 190,750
Additions 125,000
At 31 January 2023 315,750
NET BOOK VALUE
At 31 January 2023 315,750
At 31 January 2022 190,750

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Tax 24 24
Directors' loan accounts 90,498 91,100
Accrued expenses 500 500
91,022 91,624

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 275,298 160,050

7. RELATED PARTY DISCLOSURES

The company is controlled by the company director.