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REGISTERED NUMBER: 10550215 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ELECTRIFY PYROTECHNICS LIMITED

ELECTRIFY PYROTECHNICS LIMITED (REGISTERED NUMBER: 10550215)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELECTRIFY PYROTECHNICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: I Brookes
Mrs L Brookes





REGISTERED OFFICE: c/o Philip Barnes & Co
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 10550215 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

ELECTRIFY PYROTECHNICS LIMITED (REGISTERED NUMBER: 10550215)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,798 30,602

CURRENT ASSETS
Stocks 800 1,871
Debtors 5 3,887 7,242
Cash at bank and in hand 30,657 33,191
35,344 42,304
CREDITORS
Amounts falling due within one year 6 33,770 39,651
NET CURRENT ASSETS 1,574 2,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,372

33,255

CREDITORS
Amounts falling due after more than one
year

7

(33,223

)

(40,715

)

ACCRUALS AND DEFERRED INCOME (4,194 ) (5,243 )
NET LIABILITIES (12,045 ) (12,703 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (12,145 ) (12,803 )
SHAREHOLDERS' FUNDS (12,045 ) (12,703 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

ELECTRIFY PYROTECHNICS LIMITED (REGISTERED NUMBER: 10550215)

BALANCE SHEET - continued
31 JANUARY 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mrs L Brookes - Director


ELECTRIFY PYROTECHNICS LIMITED (REGISTERED NUMBER: 10550215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Electrify Pyrotechnics 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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 - 20% reducing balance
Fixtures and fittings - 15% reducing balance
Computer equipment - 33% reducing balance

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 Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES

The average number of employees during the year was 2 (2023 - 1 ) .

ELECTRIFY PYROTECHNICS LIMITED (REGISTERED NUMBER: 10550215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 47,718 568 13,942 62,228
Additions 893 - - 893
Disposals (734 ) (41 ) - (775 )
At 31 January 2024 47,877 527 13,942 62,346
DEPRECIATION
At 1 February 2023 28,002 266 3,358 31,626
Charge for year 3,859 43 3,493 7,395
Eliminated on disposal (449 ) (24 ) - (473 )
At 31 January 2024 31,412 285 6,851 38,548
NET BOOK VALUE
At 31 January 2024 16,465 242 7,091 23,798
At 31 January 2023 19,716 302 10,584 30,602

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (549 ) -
Other debtors 4,436 7,242
3,887 7,242

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,511 5,741
Trade creditors (2,021 ) (1,643 )
Taxation and social security 182 346
Other creditors 27,098 35,207
33,770 39,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 33,223 40,715

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 5,728 11,790

ELECTRIFY PYROTECHNICS LIMITED (REGISTERED NUMBER: 10550215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary £1 100 100

9. GOVERNMENT GRANTS

Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.

10. GOING CONCERN

Directors have reviewed the accounts for the next 12 months and in their opinion the company is still a going concern.