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REGISTERED NUMBER: 06311171 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

FIREBUG LIGHTING LTD

FIREBUG LIGHTING LTD (REGISTERED NUMBER: 06311171)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIREBUG LIGHTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs J M Holownia
M J Holownia





REGISTERED OFFICE: 37 Cog Road
Sully
Penarth
Vale of Glamorgan
CF64 5TD





REGISTERED NUMBER: 06311171 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

FIREBUG LIGHTING LTD (REGISTERED NUMBER: 06311171)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,239 1,239
Tangible assets 5 421,538 507,078
422,777 508,317

CURRENT ASSETS
Debtors 6 39,904 58,597
Cash at bank 136,235 100,985
176,139 159,582
CREDITORS
Amounts falling due within one year 7 59,676 117,445
NET CURRENT ASSETS 116,463 42,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

539,240

550,454

CREDITORS
Amounts falling due after more than one
year

8

(7,257

)

(17,257

)

PROVISIONS FOR LIABILITIES (80,092 ) (96,344 )
NET ASSETS 451,891 436,853

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 451,791 436,753
451,891 436,853

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

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

FIREBUG LIGHTING LTD (REGISTERED NUMBER: 06311171)

BALANCE SHEET - continued
31 JULY 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 27 April 2025 and were signed on its behalf by:





M J Holownia - Director


FIREBUG LIGHTING LTD (REGISTERED NUMBER: 06311171)

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


1. STATUTORY INFORMATION

Firebug Lighting Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - are not depreciated
Plant and machinery etc - 25% on cost

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.

FIREBUG LIGHTING LTD (REGISTERED NUMBER: 06311171)

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


2. ACCOUNTING POLICIES - continued

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 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 1,239
NET BOOK VALUE
At 31 July 2024 1,239
At 31 July 2023 1,239

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 281,833 917,266 1,199,099
Additions - 39,791 39,791
At 31 July 2024 281,833 957,057 1,238,890
DEPRECIATION
At 1 August 2023 20,183 671,838 692,021
Charge for year 10,092 115,239 125,331
At 31 July 2024 30,275 787,077 817,352
NET BOOK VALUE
At 31 July 2024 251,558 169,980 421,538
At 31 July 2023 261,650 245,428 507,078

FIREBUG LIGHTING LTD (REGISTERED NUMBER: 06311171)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,995 52,913
Other debtors 6,909 5,684
39,904 58,597

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,076 11,076
Trade creditors 420 6,642
Taxation and social security 45,775 21,060
Other creditors 2,405 78,667
59,676 117,445

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,257 17,257