Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-312022-09-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12180283 2022-09-01 2023-08-31 12180283 2021-09-01 2022-08-31 12180283 2023-08-31 12180283 2022-08-31 12180283 c:Director1 2022-09-01 2023-08-31 12180283 d:MotorVehicles 2022-09-01 2023-08-31 12180283 d:MotorVehicles 2023-08-31 12180283 d:MotorVehicles 2022-08-31 12180283 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12180283 d:FurnitureFittings 2022-09-01 2023-08-31 12180283 d:FurnitureFittings 2023-08-31 12180283 d:FurnitureFittings 2022-08-31 12180283 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12180283 d:OfficeEquipment 2022-09-01 2023-08-31 12180283 d:OfficeEquipment 2023-08-31 12180283 d:OfficeEquipment 2022-08-31 12180283 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12180283 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12180283 d:CurrentFinancialInstruments 2023-08-31 12180283 d:CurrentFinancialInstruments 2022-08-31 12180283 d:Non-currentFinancialInstruments 2023-08-31 12180283 d:Non-currentFinancialInstruments 2022-08-31 12180283 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12180283 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 12180283 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 12180283 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 12180283 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 12180283 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 12180283 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 12180283 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 12180283 d:ShareCapital 2023-08-31 12180283 d:ShareCapital 2022-08-31 12180283 d:RetainedEarningsAccumulatedLosses 2023-08-31 12180283 d:RetainedEarningsAccumulatedLosses 2022-08-31 12180283 c:FRS102 2022-09-01 2023-08-31 12180283 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12180283 c:FullAccounts 2022-09-01 2023-08-31 12180283 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12180283 2 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 12180283









FIREFLY INTEGRATED SOLUTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
FIREFLY INTEGRATED SOLUTIONS LTD
REGISTERED NUMBER: 12180283

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,137
2,606

  
10,137
2,606

Current assets
  

Stocks
  
10,986
9,674

Debtors: amounts falling due within one year
 5 
84,489
97,877

Cash at bank and in hand
 6 
1,384
1,232

  
96,859
108,783

Creditors: amounts falling due within one year
 7 
(73,416)
(68,188)

Net current assets
  
 
 
23,443
 
 
40,595

Total assets less current liabilities
  
33,580
43,201

Creditors: amounts falling due after more than one year
 8 
(32,820)
(38,450)

  

Net assets
  
760
4,751


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
758
4,749

  
760
4,751


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 February 2024.
Page 1

 
FIREFLY INTEGRATED SOLUTIONS LTD
REGISTERED NUMBER: 12180283
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023





David Charlton
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
FIREFLY INTEGRATED SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Firefly Integrated Solutions Limited is a private company limited by shares, registered in the United Kingdom number 12180283. It's registered office is 2 Fernside Way, Rochdale, OL12 7PT.
During the year, the principal activity of the company continued to be that of security systems service activities

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
FIREFLY INTEGRATED SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
FIREFLY INTEGRATED SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Fixtures and fittings
-
20%
Office equipment
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
FIREFLY INTEGRATED SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2022
-
3,862
306
4,168


Additions
9,290
-
-
9,290



At 31 August 2023

9,290
3,862
306
13,458



Depreciation


At 1 September 2022
-
1,510
51
1,561


Charge for the year on owned assets
1,239
470
51
1,760



At 31 August 2023

1,239
1,980
102
3,321



Net book value



At 31 August 2023
8,051
1,882
204
10,137



At 31 August 2022
-
2,351
255
2,606


5.


Debtors

2023
2022
£
£


Trade debtors
55,143
77,386

Other debtors
29,346
20,491

84,489
97,877


Page 6

 
FIREFLY INTEGRATED SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,384
1,233

1,384
1,233



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,785
6,822

Trade creditors
35,742
20,855

Corporation tax
2,490
12,141

Other taxation and social security
16,814
17,120

Accruals and deferred income
11,585
11,250

73,416
68,188



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
32,820
38,450

32,820
38,450


Page 7

 
FIREFLY INTEGRATED SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
6,785
6,822


6,785
6,822

Amounts falling due 1-2 years

Bank loans
(6,785)
6,822


(6,785)
6,822

Amounts falling due 2-5 years

Bank loans
39,604
31,628


39,604
31,628


39,604
45,272


 
Page 8