IRIS Accounts Production v24.3.2.46 SC588267 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5882672023-03-31SC5882672024-03-31SC5882672023-04-012024-03-31SC5882672022-03-31SC5882672022-04-012023-03-31SC5882672023-03-31SC588267ns15:Scotland2023-04-012024-03-31SC588267ns14:PoundSterling2023-04-012024-03-31SC588267ns10:Director12023-04-012024-03-31SC588267ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC588267ns10:SmallEntities2023-04-012024-03-31SC588267ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31SC588267ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC588267ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC588267ns10:FullAccounts2023-04-012024-03-31SC588267ns10:RegisteredOffice2023-04-012024-03-31SC588267ns5:CurrentFinancialInstruments2024-03-31SC588267ns5:CurrentFinancialInstruments2023-03-31SC588267ns5:Non-currentFinancialInstruments2024-03-31SC588267ns5:Non-currentFinancialInstruments2023-03-31SC588267ns5:ShareCapital2024-03-31SC588267ns5:ShareCapital2023-03-31SC588267ns5:RetainedEarningsAccumulatedLosses2024-03-31SC588267ns5:RetainedEarningsAccumulatedLosses2023-03-31SC588267ns5:PlantMachinery2023-04-012024-03-31SC588267ns5:MotorVehicles2023-04-012024-03-31SC588267ns5:ComputerEquipment2023-04-012024-03-31SC588267ns5:LandBuildings2023-03-31SC588267ns5:PlantMachinery2023-03-31SC588267ns5:MotorVehicles2023-03-31SC588267ns5:ComputerEquipment2023-03-31SC588267ns5:LandBuildings2023-04-012024-03-31SC588267ns5:LandBuildings2024-03-31SC588267ns5:PlantMachinery2024-03-31SC588267ns5:MotorVehicles2024-03-31SC588267ns5:ComputerEquipment2024-03-31SC588267ns5:LandBuildings2023-03-31SC588267ns5:PlantMachinery2023-03-31SC588267ns5:MotorVehicles2023-03-31SC588267ns5:ComputerEquipment2023-03-31SC588267ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC588267ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31















FIREMAKER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






FIREMAKER LIMITED (REGISTERED NUMBER: SC588267)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

FIREMAKER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: J W Clegg





REGISTERED OFFICE: Greylads
Larriston
Newcastleton
Roxburghshire
TD9 0SL





REGISTERED NUMBER: SC588267 (Scotland)





ACCOUNTANTS: JRW Hogg & Thorburn LLP
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL

FIREMAKER LIMITED (REGISTERED NUMBER: SC588267)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 343,134 271,921

CURRENT ASSETS
Stocks 18,545 5,000
Debtors 5 7,374 23,146
Cash at bank 39,977 105,445
65,896 133,591
CREDITORS
Amounts falling due within one year 6 72,220 99,242
NET CURRENT (LIABILITIES)/ASSETS (6,324 ) 34,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,810

306,270

CREDITORS
Amounts falling due after more than one
year

7

(16,606

)

(26,462

)

PROVISIONS FOR LIABILITIES (6,000 ) (6,000 )
NET ASSETS 314,204 273,808

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 314,104 273,708
314,204 273,808

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

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

FIREMAKER LIMITED (REGISTERED NUMBER: SC588267)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st January 2025 and were signed by:





J W Clegg - Director


FIREMAKER LIMITED (REGISTERED NUMBER: SC588267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Firemaker Limited is a private company, limited by shares , registered in Scotland. 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
The company provides goods and services in respect of the supply and installation of stoves and similar appliances. Turnover represents the value, net of value added tax and discounts, in respect of goods and services provided to customers. Revenue is recognised in the accounting period in which the goods and services are rendered.

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% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income and Expenditure Account.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities as payment is due within one year or less. If not they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


FIREMAKER LIMITED (REGISTERED NUMBER: SC588267)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2023 - 1 ) .

FIREMAKER LIMITED (REGISTERED NUMBER: SC588267)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 240,945 25,814 25,999 4,648 297,406
Additions 71,529 6,364 - 2,187 80,080
At 31st March 2024 312,474 32,178 25,999 6,835 377,486
DEPRECIATION
At 1st April 2023 - 6,798 15,031 3,656 25,485
Charge for year - 5,076 2,742 1,049 8,867
At 31st March 2024 - 11,874 17,773 4,705 34,352
NET BOOK VALUE
At 31st March 2024 312,474 20,304 8,226 2,130 343,134
At 31st March 2023 240,945 19,016 10,968 992 271,921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,374 23,146

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,401 9,817
Taxation and social security 36,936 42,993
Other creditors 19,883 36,432
72,220 99,242

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 16,606 26,462

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FIREMAKER LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Firemaker Limited for the year ended 31st March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Firemaker Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Firemaker Limited and state those matters that we have agreed to state to the director of Firemaker Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Firemaker Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Firemaker Limited. You consider that Firemaker Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Firemaker Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JRW Hogg & Thorburn LLP
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL


21st January 2025