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REGISTERED NUMBER: 02159113 (England and Wales)












Financial Statements

for the Year Ended

30 September 2024

for

Firehawk Limited

Firehawk Limited (Registered number: 02159113)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Firehawk Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: L Clarke
J Clarke





SECRETARY: L Clarke





REGISTERED OFFICE: Unit 6-14
Peel Street
Failsworth
Manchester
M35 0JF





REGISTERED NUMBER: 02159113 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46/48 Long Street
Middleton
Manchester
M24 6UQ

Firehawk Limited (Registered number: 02159113)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 105 140

CURRENT ASSETS
Inventories 18,000 18,000
Debtors 5 187,581 184,986
Cash at bank 81 -
205,662 202,986
CREDITORS
Amounts falling due within one year 6 103,033 175,485
NET CURRENT ASSETS 102,629 27,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,734

27,641

CREDITORS
Amounts falling due after more than one year 7 137,152 26,859
NET (LIABILITIES)/ASSETS (34,418 ) 782

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (34,518 ) 682
SHAREHOLDERS' FUNDS (34,418 ) 782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Firehawk Limited (Registered number: 02159113)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





J Clarke - Director


Firehawk Limited (Registered number: 02159113)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Firehawk 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 company relies on the support of it's directors and shareholders. There is nothing to suggest that this support will be withdrawn in the period of one year following the date of the signing of the balance sheet. On this basis, the financial statements have been prepared on the going concern basis.

Turnover
Revenue 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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories 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 Income Statement, 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.

Firehawk Limited (Registered number: 02159113)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Operating leases
Rentals paid under operating leases are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 18 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 4,693 6,630 29,455 40,778
DEPRECIATION
At 1 October 2023 4,692 6,629 29,317 40,638
Charge for year - - 35 35
At 30 September 2024 4,692 6,629 29,352 40,673
NET BOOK VALUE
At 30 September 2024 1 1 103 105
At 30 September 2023 1 1 138 140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 187,581 184,986

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 15,792 24,560
Trade creditors 56,439 13,465
Taxation and social security 20,750 68,784
Other creditors 10,052 68,676
103,033 175,485

Firehawk Limited (Registered number: 02159113)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 9,351 26,859
Other creditors 127,801 -
137,152 26,859

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company has been loaned £127,801 by L & K Properties Limited, a company owned by the directors. The loan is interest free and has no specified term for repayment.

9. RELATED PARTY DISCLOSURES

The trading premises are owned by the directors and is rented to the company on normal commercial terms.