2023-04-012024-03-312024-03-31false14084446FIRSTLITE HOLDINGS 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FIRSTLITE HOLDINGS LIMITED

Registered Number
14084446
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

FIRSTLITE HOLDINGS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

WOODCOCK, Megan Louise

Registered Address

Unit D6 Don Street
Princesway
Team Valley Trading Estate
NE11 0TU

Registered Number

14084446 (England and Wales)
FIRSTLITE HOLDINGS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments3550,740550,740
550,740550,740
Current assets
Cash at bank and on hand482,963
482,963
Creditors amounts falling due within one year4(497,522)(501,360)
Net current assets (liabilities)(497,474)(498,397)
Total assets less current liabilities53,26652,343
Net assets53,26652,343
Capital and reserves
Called up share capital1,0001,000
Profit and loss account52,26651,343
Shareholders' funds53,26652,343
The financial statements were approved and authorised for issue by the Director on 24 October 2024, and are signed on its behalf by:
WOODCOCK, Megan Louise
Director
Registered Company No. 14084446
FIRSTLITE HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Dividend income
Dividend income is recognised when the right to receive payment is established.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year22
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 23550,740550,740
At 31 March 24550,740550,740
Net book value
At 31 March 24550,740550,740
At 31 March 23550,740550,740

Notes

1Investments in group undertakings and participating interests
4.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties494,915499,740
Taxation and social security825-
Accrued liabilities and deferred income1,7821,620
Total497,522501,360
5.Off-balance sheet arrangements
The company's wholly owned subsidiary, Firstlite (UK) Ltd, has an invoicing finance facility with Ultimate Finance Limited and the facility is secured against an all assets debenture given by both the company and Firstlite (UK) Ltd comprising fixed and floating charges over the whole or substantially the whole of the business, assets and undertaking.
6.Related party transactions
The following inter-company loans existed at the end of the accounting period where all amounts were owed to the related parties listed by Firstlite Holdings Ltd: Firstlite (UK) Ltd £396,740 Firstlite (UK) Ltd is a related party because it is a wholly owned subsidiary of Firstlite Holdings Ltd. At the end of the accounting period the company owed the director M Woodcock £48,737 and D Holmes £49,437