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Registration number: 07931111

Firework Public Relations Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Firework Public Relations Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Firework Public Relations Ltd

Company Information

Director

Mrs Clare Wall

Registered office

Booths Hall
Chelford Road
Knutsford
Cheshire
WA16 8QZ

Accountants

Bright Partnership LLP
26 Edward Court
Broadheath
Altrincham
WA14 5GL

 

Firework Public Relations Ltd

(Registration number: 07931111)
Statement of Financial Position as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,405

2,012

Current assets

 

Debtors

5

61,102

125,136

Cash at bank and in hand

 

79,593

60,635

 

140,695

185,771

Creditors: Amounts falling due within one year

6

(62,989)

(81,435)

Net current assets

 

77,706

104,336

Total assets less current liabilities

 

80,111

106,348

Provisions for liabilities

(457)

(382)

Net assets

 

79,654

105,966

Capital and reserves

 

Called up share capital

1

1

Capital redemption reserve

1

1

Retained earnings

79,652

105,964

Shareholders' funds

 

79,654

105,966

For the financial year ending 28 February 2023 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 her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 16 November 2023
 

.........................................
Mrs Clare Wall
Director

 

Firework Public Relations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

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:
Booths Hall
Chelford Road
Knutsford
Cheshire
WA16 8QZ

These financial statements were authorised for issue by the director on 16 November 2023.

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.

These financial statements are presented in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

Firework Public Relations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

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.

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

Computer equipment

20% on cost

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

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Firework Public Relations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

6,172

6,172

Additions

1,429

1,429

At 28 February 2023

7,601

7,601

Depreciation

At 1 March 2022

4,160

4,160

Charge for the year

1,036

1,036

At 28 February 2023

5,196

5,196

Carrying amount

At 28 February 2023

2,405

2,405

At 28 February 2022

2,012

2,012

5

Debtors

Current

2023
£

2022
£

Trade debtors

59,602

125,136

Prepayments

1,500

-

 

61,102

125,136

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

23,285

18,846

Taxation and social security

30,030

58,237

Accruals and deferred income

2,500

2,200

Other creditors

7,174

2,152

62,989

81,435