2023-09-01 08658572 2024-08-31 08658572 2023-09-01 2024-08-31 08658572 2023-08-31 08658572 2022-09-01 2023-08-31 08658572 uk-core:WithinOneYear 2023-08-31 08658572 uk-core:WithinOneYear 2024-08-31 08658572 uk-core:AfterOneYear 2023-08-31 08658572 uk-core:AfterOneYear 2024-08-31 08658572 uk-core:ShareCapital 2024-08-31 08658572 uk-core:ShareCapital 2023-08-31 08658572 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 08658572 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 08658572 uk-bus:Director1 2023-09-01 2024-08-31 08658572 uk-core:CommercialMotorVehicles 2023-09-01 2024-08-31 08658572 uk-core:FurnitureFittings 2023-09-01 2024-08-31 08658572 uk-core:FurnitureFittings 2023-08-31 08658572 uk-core:CommercialMotorVehicles 2023-08-31 08658572 uk-core:CommercialMotorVehicles 2024-08-31 08658572 uk-core:FurnitureFittings 2024-08-31 08658572 uk-core:WithinOneYear 2024-08-31 08658572 uk-core:WithinOneYear 2023-08-31 08658572 uk-core:AfterOneYear uk-core:Secured 2024-08-31 08658572 uk-core:AfterOneYear uk-core:Secured 2023-08-31 iso4217:GBP xbrli:pure 08658572 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08658572 uk-bus:FRS102 2023-09-01 2024-08-31 08658572 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 08658572 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
FIREFLY BAR LTD
Registered Number:08658572
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
08658572
As at 31 August 2024
FIREFLY BAR LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
39,903
35,341
2
39,903
35,341
Current assets
Inventories
5,110
4,655
3
Trade and other receivables
1,692
6,743
4
60,533
Cash and cash equivalents
54,589
65,987
67,335
Trade and other payables: amounts falling due within one
year
(52,182)
(48,408)
5
15,153
17,579
Net current assets
Total assets less current liabilities
57,482
50,494
Trade and other payables: amounts falling due after more
than one year
(43,607)
(34,713)
6
(7,582)
(3,099)
Provisions for liabilities
15,187
Net assets
3,788
Capital and reserves
Called up share capital
100
100
Retained earnings
15,087
3,688
15,187
3,788
Shareholders' funds
For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mathew Bradley Pugh Director
These financial statements were approved and authorised for issue by the Board on 30 January 2025 and were signed by:
1 of 5
3
Registered Number :
08658572
For the year ended 31 August 2024
FIREFLY BAR LTD
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
4
For the year ended 31 August 2024
FIREFLY BAR LTD
Notes to the Financial Statements
Statutory Information
FIREFLY BAR LTD is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08658572.
Registered address:
54 Lowesmoor
Worcester
WR1 2SE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease. Assets held under finance leases and hire purchase agreements are capitalised in the balance sheet and depreciated in accordance with the company's normal accounting policies. The interest is charged to the profit and loss account over the period of the agreement and represents a constant charge of the balance of capital repayments outstanding.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
3 of 5
5
For the year ended 31 August 2024
FIREFLY BAR LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 September 2023
88,689
56,243
32,446
12,812
12,812
-
Additions
At 31 August 2024
32,446
69,055
101,501
Provision for depreciation and impairment
At 01 September 2023
53,348
31,167
22,181
Charge for year
8,250
5,683
2,567
At 31 August 2024
61,598
36,850
24,748
At 31 August 2024
Net book value
7,698
32,205
39,903
At 31 August 2023
10,265
25,076
35,341
3. Inventories
2023
2024
£
£
Stocks
4,655
5,110
4. Trade and other receivables
2023
2024
£
£
Prepayments and accrued income
940
1,692
Amounts owed by directors
5,803
-
1,692
6,743
4 of 5
6
For the year ended 31 August 2024
FIREFLY BAR LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
6,695
6,695
Trade creditors
16,328
9,089
Taxation and social security
14,049
13,040
Accruals and deferred income
4,257
6,361
Directors' loan accounts
-
11,531
Obligations under HP/Financial leases
7,079
5,466
48,408
52,182
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
34,713
34,713
8,894
-
Obligations under HP/Financial leases
34,713
43,607
7. Related party transactions
The ultimate controlling party during the year was Mathew Bradley Pugh , director , whom controls the company by
virtue of owning 100% of the share capital.
8. Average number of persons employed
During the year the average number of employees was 9 (2023 : 8)
5 of 5