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REGISTERED NUMBER: 08788944 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

FIRECRACKER DEVELOPMENTS LTD

FIRECRACKER DEVELOPMENTS LTD (REGISTERED NUMBER: 08788944)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIRECRACKER DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: M K Archer
G Tann





REGISTERED OFFICE: The Ridings
11 Mill Lane
Stock
Essex
CM4 9RY





REGISTERED NUMBER: 08788944 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

FIRECRACKER DEVELOPMENTS LTD (REGISTERED NUMBER: 08788944)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,447 8,597

CURRENT ASSETS
Stocks 1,046,929 1,207,058
Debtors 6 29,162 14,059
Cash at bank 26,363 89,949
1,102,454 1,311,066
CREDITORS
Amounts falling due within one year 7 70,838 207,910
NET CURRENT ASSETS 1,031,616 1,103,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,038,063

1,111,753

CREDITORS
Amounts falling due after more than one
year

8

(809,518

)

(960,838

)

PROVISIONS FOR LIABILITIES (1,225 ) (1,633 )
NET ASSETS 227,320 149,282

CAPITAL AND RESERVES
Called up share capital 9 65,200 65,200
Retained earnings 162,120 84,082
SHAREHOLDERS' FUNDS 227,320 149,282

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

FIRECRACKER DEVELOPMENTS LTD (REGISTERED NUMBER: 08788944)

BALANCE SHEET - continued
31ST MARCH 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 14th November 2023 and were signed on its behalf by:




M K Archer - Director



G Tann - Director


FIRECRACKER DEVELOPMENTS LTD (REGISTERED NUMBER: 08788944)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Firecracker Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Going concern
The accounts are prepared on the going concern basis. The director's have considered the financial position of the company and the projects for the next year and believe the company has more than sufficient resources to meet obligations as they fall due.

4. EMPLOYEES AND DIRECTORS

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

FIRECRACKER DEVELOPMENTS LTD (REGISTERED NUMBER: 08788944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 20,378
DEPRECIATION
At 1st April 2022 11,781
Charge for year 2,150
At 31st March 2023 13,931
NET BOOK VALUE
At 31st March 2023 6,447
At 31st March 2022 8,597

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 29,162 14,059

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,830 9,575
Trade creditors 47,036 47,036
Taxation and social security 11,122 -
Other creditors 2,850 151,299
70,838 207,910

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 27,421 37,290
Other creditors 782,097 923,548
809,518 960,838

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary 1 200 200
65,000 B Shares 1 65,000 65,000
65,200 65,200