REGISTERED NUMBER: 13460282 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Firntec Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Macey

S Wilson

REGISTERED OFFICE:

Aquilam House

7 Darklake View

Estover

Plymouth

Devon

PL6 7TL

REGISTERED NUMBER:

13460282 (England and Wales)

ACCOUNTANTS:

TC Bromhead Limited

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Tangible assets

4

59,888

67,070

CURRENT ASSETS

Debtors

5

6,190,983

2,923,689

Cash at bank

1,636,161

1,245,015

7,827,144

4,168,704

CREDITORS

Amounts falling due within one year

6

2,466,658

1,920,085

NET CURRENT ASSETS

5,360,486

2,248,619

TOTAL ASSETS LESS CURRENT LIABILITIES

5,420,374

2,315,689

PROVISIONS FOR LIABILITIES

14,972

16,768

NET ASSETS

5,405,402

2,298,921

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,405,302

2,298,821

5,405,402

2,298,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 2 October 2025 and were signed on its behalf by:

M Macey - Director

1.	STATUTORY INFORMATION

Firntec 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Turnover is recognised when services are delivered and the invoice is issued to the customer.

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 etc

-

25% on reducing balance

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.

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 38 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

95,308

Additions

11,521

At 31 March 2025

106,829

DEPRECIATION

At 1 April 2024

28,238

Charge for year

18,703

At 31 March 2025

46,941

NET BOOK VALUE

At 31 March 2025

59,888

At 31 March 2024

67,070

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

4,497,020

2,676,105

Amounts owed by group undertakings

-

33,685

Other debtors

1,693,963

213,899

6,190,983

2,923,689

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,007,006

305,124

Amounts owed to group undertakings

429,575

-

Taxation and social security

758,611

1,372,250

Other creditors

271,466

242,711

2,466,658

1,920,085

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

80,837

62,743

Between one and five years

63,294

80,373

144,131

143,116

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

F Keam

Balance outstanding at start of year

17,210

-

Amounts advanced

-

176,543

Amounts repaid

(17,210

)

(159,333

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

17,210

Interest is charged at the official HMRC rate and the loan is repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Firntec Holdings Limited.