smallAccCompHo_0921.xslt
Company Registration No. 06481401 (England and Wales)
FIREFLY ONLINE LIMITED
Financial Statements
for the Period from 01 January 2024 to 31 December 2024

FIREFLY ONLINE LIMITED

Financial Statements for the period ending 31 December 2024

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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FIREFLY ONLINE LIMITED

Financial Statements for the period ending 31 December 2024

Company Information

Company Details
Company Number 06481401
Registered Office 18 WESTMINSTER DRIVE
RADCLIFFE-ON-TRENT
NOTTINGHAM
NG12 2NL
Directors
Directors who held office during the period were:
Robert Neil BROWN   
Richard Michael RATCLIFFE   
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FIREFLY ONLINE LIMITED

Financial Statements for the period ending 31 December 2024

Statement of Financial Position

12345678910
Notes 2024 2023
£ £
Fixed Assets
Intangible assets 5 226,122 220,590
Tangible assets 6 7,193 6,825
Current Assets
Debtors due 202,717 90,004
Cash at bank and in hand 211,436 146,444
414,153 236,448
Creditors
Amount falling due within one year (528,852) (380,554)
Net Current Assets (114,699) (144,106)
Total Assets less current liabilities 118,616 83,309
Creditors due after more than one year (7,905) (18,213)
Net Assets 110,711 65,096
Capital and Reserves
Called up Share Capital 876,334 876,334
Share Premium Account 25,000 25,000
Retained earnings at end of year (790,623) (836,238)
Shareholder funds 110,711 65,096
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 15 September 2025
Richard Michael Ratcliffe
Company Registration No. 06481401
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FIREFLY ONLINE LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

1. Statutory Information
FIREFLY ONLINE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06481401.
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 directors have assessed the impact of the current economic climate and uncertainties, including potential market fluctuations and inflationary pressures. After reviewing the company's forecasts, cash flow projections, and available liquidity, the directors are confident that the company has sufficient resources to continue its operations for the foreseeable future. Consequently, the financial statements have been prepared on a going concern basis.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises website sales, licences, set up and installation fees. These are recognised as the services are provided on an accrual basis over the term of the contract, any amounts received in advance or relating to the provision of future services are deferred to the period in which the services are rendered.
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FIREFLY ONLINE LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

Current Tax
A corporation tax liability of £11,330 has been recognised as at 31 December 2024 in respect of the company's trading activities for the year then ended.The liability is included within current liabilities in the balance sheet and is expected to be settled within 12 months of the balance sheet date.
Tangible Fixed Asset Policy
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:Fixture and fittings - 33% on costComputer equipment - 33% on costTangible assets are initially measured at cost. After initial recognition, tangibles assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.The carrying values of intangible and tangible fixed assets are reviewed for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
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FIREFLY ONLINE LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

Intangible Asset Policy
Intangible assets are initially measured at cost. After initial recognition, intangibles assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.Software developments, once completed, are being amortised evenly over their estimated useful life of five years.
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FIREFLY ONLINE LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 13
2023 11
4. Principal Activity
The principal activity of the company during the year was the development and provision of web-based products, which were sold to customers under licence. The company continues to focus on enhancing its product offerings and improving its service delivery to meet the evolving needs of its clients.
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FIREFLY ONLINE LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

5. Intangible Assets
Other Total
Cost £ £
At 01/01/2024 874,604 874,604
Additions 75,159 75,159
Disposals - -
Revaluations - -
At 31/12/2024 949,763 949,763
Amortisation
At 01/01/2024 654,014 654,014
Charge for the Year 69,627 69,627
On Disposals - -
Other increases/(decreases) - -
At end of period 723,641 723,641
Net book value
At 31/12/2024 226,122 226,122
At 03/12/2023 220,590 220,590
6. Fixed Assets
Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £
At 01/01/2024 2,743 17,264 20,007
Additions - 4,038 4,038
At 31/12/2024 2,743 21,302 24,045
Depreciation
At 01/01/2024 2,580 10,602 13,182
Charge for the year 163 3,507 3,670
At 31/12/2024 2,743 14,109 16,852
Net Book Value
At 31/12/2024 - 7,193 7,193
At 03/12/2023 163 6,662 6,825
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