IRIS Accounts Production v25.1.4.42 04605974 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046059742023-12-31046059742024-12-31046059742024-01-012024-12-31046059742022-12-31046059742023-01-012023-12-31046059742023-12-3104605974ns15:EnglandWales2024-01-012024-12-3104605974ns14:PoundSterling2024-01-012024-12-3104605974ns10:Director12024-01-012024-12-3104605974ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104605974ns10:SmallEntities2024-01-012024-12-3104605974ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3104605974ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104605974ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104605974ns10:FullAccounts2024-01-012024-12-3104605974ns10:Director22024-01-012024-12-3104605974ns10:Director32024-01-012024-12-3104605974ns10:CompanySecretary12024-01-012024-12-3104605974ns10:RegisteredOffice2024-01-012024-12-3104605974ns5:CurrentFinancialInstruments2024-12-3104605974ns5:CurrentFinancialInstruments2023-12-3104605974ns5:Non-currentFinancialInstruments2024-12-3104605974ns5:Non-currentFinancialInstruments2023-12-3104605974ns5:ShareCapital2024-12-3104605974ns5:ShareCapital2023-12-3104605974ns5:RetainedEarningsAccumulatedLosses2024-12-3104605974ns5:RetainedEarningsAccumulatedLosses2023-12-3104605974ns5:PlantMachinery2024-01-012024-12-3104605974ns5:FurnitureFittings2024-01-012024-12-3104605974ns5:MotorVehicles2024-01-012024-12-3104605974ns5:ComputerEquipment2024-01-012024-12-3104605974ns5:PlantMachinery2023-12-3104605974ns5:FurnitureFittings2023-12-3104605974ns5:MotorVehicles2023-12-3104605974ns5:ComputerEquipment2023-12-3104605974ns5:PlantMachinery2024-12-3104605974ns5:FurnitureFittings2024-12-3104605974ns5:MotorVehicles2024-12-3104605974ns5:ComputerEquipment2024-12-3104605974ns5:PlantMachinery2023-12-3104605974ns5:FurnitureFittings2023-12-3104605974ns5:MotorVehicles2023-12-3104605974ns5:ComputerEquipment2023-12-3104605974ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104605974ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104605974ns5:DeferredTaxation2023-12-3104605974ns5:DeferredTaxation2024-01-012024-12-3104605974ns5:DeferredTaxation2024-12-31
REGISTERED NUMBER: 04605974 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 December 2024

for

Classic Fireworks Limited

Classic Fireworks Limited (Registered number: 04605974)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Classic Fireworks Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: L B Hutchinson
K M Hutchinson
R F Park





SECRETARY: K M Hutchinson





REGISTERED OFFICE: 1 Coniston Way
Rishton
Blackburn
BB1 4EH





REGISTERED NUMBER: 04605974 (England and Wales)





ACCOUNTANTS: Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ

Classic Fireworks Limited (Registered number: 04605974)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 193,254 186,762

CURRENT ASSETS
Stocks 93,303 94,323
Debtors 5 137,233 119,690
Cash at bank and in hand 301,131 229,586
531,667 443,599
CREDITORS
Amounts falling due within one year 6 412,208 387,520
NET CURRENT ASSETS 119,459 56,079
TOTAL ASSETS LESS CURRENT LIABILITIES 312,713 242,841

CREDITORS
Amounts falling due after more than one year 7 (105,644 ) (138,747 )

PROVISIONS FOR LIABILITIES 8 (48,313 ) (46,691 )
NET ASSETS 158,756 57,403

CAPITAL AND RESERVES
Called up share capital 602 602
Retained earnings 158,154 56,801
158,756 57,403

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

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

Classic Fireworks Limited (Registered number: 04605974)

Balance Sheet - continued
31 December 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 9 June 2025 and were signed on its behalf by:





K M Hutchinson - Director


Classic Fireworks Limited (Registered number: 04605974)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Classic Fireworks 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.

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.

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 - 20% reducing balance
Motor vehicles - 25% reducing balance
Office equipment - 25% 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 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.

Classic Fireworks Limited (Registered number: 04605974)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 713,834 21,075 34,249 28,770 797,928
Additions 47,661 - - 399 48,060
At 31 December 2024 761,495 21,075 34,249 29,169 845,988
DEPRECIATION
At 1 January 2024 534,200 19,663 31,127 26,176 611,166
Charge for year 39,851 282 780 655 41,568
At 31 December 2024 574,051 19,945 31,907 26,831 652,734
NET BOOK VALUE
At 31 December 2024 187,444 1,130 2,342 2,338 193,254
At 31 December 2023 179,634 1,412 3,122 2,594 186,762

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 124,123 105,101
Other debtors 13,110 14,589
137,233 119,690

Classic Fireworks Limited (Registered number: 04605974)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,777 10,648
Trade creditors 3,449 4,186
Taxation and social security 58,083 27,135
Other creditors 339,899 345,551
412,208 387,520

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 105,644 138,747

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 48,313 46,691

Deferred
tax
£   
Balance at 1 January 2024 46,691
Provided during year 1,622
Balance at 31 December 2024 48,313