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REGISTERED NUMBER: 05519335 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FIREFLY SCIENTIFIC LIMITED

FIREFLY SCIENTIFIC LIMITED (REGISTERED NUMBER: 05519335)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIREFLY SCIENTIFIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: B L Parfery





REGISTERED OFFICE: 20 Ladyhill View
Ellenbrook
Worsley
Manchester
M28 7LH





REGISTERED NUMBER: 05519335 (England and Wales)





ACCOUNTANTS: Daggett and Company
Chartered Accountants
Parkway House
Palatine Road
Northenden
Manchester
M22 4DB

FIREFLY SCIENTIFIC LIMITED (REGISTERED NUMBER: 05519335)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,795 2,198

CURRENT ASSETS
Stocks 19,104 18,377
Debtors 5 158,250 179,678
Cash at bank 1,065,011 865,553
1,242,365 1,063,608
CREDITORS
Amounts falling due within one year 6 128,294 137,066
NET CURRENT ASSETS 1,114,071 926,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,117,866

928,740

PROVISIONS FOR LIABILITIES 948 418
NET ASSETS 1,116,918 928,322

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,115,918 927,322
1,116,918 928,322

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

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

The director acknowledges his 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.

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 director and authorised for issue on 15 April 2024 and were signed by:



B L Parfery - Director


FIREFLY SCIENTIFIC LIMITED (REGISTERED NUMBER: 05519335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Firefly Scientific 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 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.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FIREFLY SCIENTIFIC LIMITED (REGISTERED NUMBER: 05519335)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 6,405 5,238 11,643
Additions - 2,914 2,914
At 31 December 2023 6,405 8,152 14,557
DEPRECIATION
At 1 January 2023 6,405 3,040 9,445
Charge for year - 1,317 1,317
At 31 December 2023 6,405 4,357 10,762
NET BOOK VALUE
At 31 December 2023 - 3,795 3,795
At 31 December 2022 - 2,198 2,198

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 152,448 169,183
Other debtors 5,802 10,495
158,250 179,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 41,547
Taxation and social security 119,459 90,127
Other creditors 8,835 5,392
128,294 137,066

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end director B. Parfery had loaned £6177 (2022 £3591) to the company. The loan is repayable on demand and is free of interest. During the year dividends of £27,000 (2022 £39,813) were paid to the director.