FIRESTARTER BUSINESS SOLUTIONS LIMITED

Company Registration Number:
08014389 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

FIRESTARTER BUSINESS SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

FIRESTARTER BUSINESS SOLUTIONS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 4,302 4,792
Total fixed assets: 4,302 4,792
Current assets
Debtors:   197,968 327,325
Total current assets: 197,968 327,325
Creditors: amounts falling due within one year:   (296,334) (261,155)
Net current assets (liabilities): (98,366) 66,170
Total assets less current liabilities: (94,064) 70,962
Creditors: amounts falling due after more than one year:   (21,704) (30,090)
Total net assets (liabilities): (115,768) 40,872
Capital and reserves
Called up share capital: 108 108
Share premium account: 29,992 29,992
Profit and loss account: (145,868) 10,772
Shareholders funds: (115,768) 40,872

The notes form part of these financial statements

FIRESTARTER BUSINESS SOLUTIONS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2024
and signed on behalf of the board by:

Name: Christopher O'Riordan
Status: Director

The notes form part of these financial statements

FIRESTARTER BUSINESS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation. Depreciation has been provided at the following rates in order to write off assets over their estimated useful lives: Fixtures & Fittings - 3 years Computer equipment - 4 years

Other accounting policies

Going Concern The shareholders have confirmed that they will continue to give financial support to the company until such time as its position improves. The directors have considered the working capital requirements of the company for a period of at least 12 months from the signing of the financial statements and consider there is sufficient working capital. The directors can see a path to profitability from improved sales for the first eight months of the year to 31 December 2024, on this basis they consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.

FIRESTARTER BUSINESS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 11 8

FIRESTARTER BUSINESS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 15,853
Additions 2,081
At 31 December 2023 17,934
Depreciation
At 01 January 2023 11,061
Charge for year 2,571
At 31 December 2023 13,632
Net book value
At 31 December 2023 4,302
At 31 December 2022 4,792

FIRESTARTER BUSINESS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Loans to directors

Name of director receiving advance or credit: Christopher O'Riordan
Description of the loan: Director Loan Account
£
Balance at 01 January 2023 2,279
Advances or credits made: 62,805
Advances or credits repaid: 65,084
Balance at 31 December 2023 0

During the year the company provided a loan to Christopher O'Riordan of £27,545 which has been repaid

FIRESTARTER BUSINESS SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Related party transactions

Name of the related party: Firestarter People Solutions Limited
Relationship:
Subsidiary
Description of the Transaction: The transactions in the year relate to a working capital loan
£
Balance at 01 January 2023 55,447
Balance at 31 December 2023 20,355
Name of the related party: Opus 55 Limited
Relationship:
Parent company
Description of the Transaction: The transactions in the year relate to a working capital loan
£
Balance at 01 January 2023 174,873
Balance at 31 December 2023 79,701
Name of the related party: Firestarter Marketing Solutions Limited
Relationship:
Subsidiary
Description of the Transaction: The transactions in the year relate to a working capital loan
£
Balance at 01 January 2023 12,601
Balance at 31 December 2023 12,601