IRIS Accounts Production v25.3.0.601 08350668 Board of Directors Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08350668 2024-01-31 08350668 2025-01-31 08350668 2024-02-01 2025-01-31 08350668 2023-01-31 08350668 2023-02-01 2024-01-31 08350668 2024-01-31 08350668 ns15:EnglandWales 2024-02-01 2025-01-31 08350668 ns14:PoundSterling 2024-02-01 2025-01-31 08350668 ns10:Director1 2024-02-01 2025-01-31 08350668 ns10:Director2 2024-02-01 2025-01-31 08350668 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 08350668 ns10:SmallEntities 2024-02-01 2025-01-31 08350668 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 08350668 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 08350668 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 08350668 ns10:FullAccounts 2024-02-01 2025-01-31 08350668 ns10:RegisteredOffice 2024-02-01 2025-01-31 08350668 ns5:CurrentFinancialInstruments 2025-01-31 08350668 ns5:CurrentFinancialInstruments 2024-01-31 08350668 ns5:ShareCapital 2025-01-31 08350668 ns5:ShareCapital 2024-01-31 08350668 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 08350668 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 08350668 ns5:PlantMachinery 2024-02-01 2025-01-31 08350668 ns5:FurnitureFittings 2024-02-01 2025-01-31 08350668 ns5:ComputerEquipment 2024-02-01 2025-01-31 08350668 ns5:PlantMachinery 2024-01-31 08350668 ns5:FurnitureFittings 2024-01-31 08350668 ns5:ComputerEquipment 2024-01-31 08350668 ns5:PlantMachinery 2025-01-31 08350668 ns5:FurnitureFittings 2025-01-31 08350668 ns5:ComputerEquipment 2025-01-31 08350668 ns5:PlantMachinery 2024-01-31 08350668 ns5:FurnitureFittings 2024-01-31 08350668 ns5:ComputerEquipment 2024-01-31 08350668 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 08350668 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31

REGISTERED NUMBER: 08350668 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 January 2025 |

| for |

| Whitefire Associates Limited |

| Whitefire Associates Limited (Registered number: 08350668) |

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Whitefire Associates Limited |

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | Mrs B E Bird

| D J Bird

| REGISTERED OFFICE: | Jenners

| New Road , Minchinhampton

| Stroud

| Gloucestershire

| GL6 9HS

| REGISTERED NUMBER: | 08350668 (England and Wales)

| Whitefire Associates Limited (Registered number: 08350668) |

Statement of Financial Position

31 January 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 4,808 |  | 5,358 |  |

CURRENT ASSETS

Stocks | 8,796 |  | 19,497 |  |

Debtors | 5 | 2,912 |  | 3,647 |  |

Cash at bank | 60,423 |  | 54,646 |  |

72,131 |  | 77,790 |  |

CREDITORS

Amounts falling due within one year | 6 | 6,404 |  | 10,014 |  |

NET CURRENT ASSETS | 65,727 |  | 67,776 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 70,535 |  | 73,134 |  |

PROVISIONS FOR LIABILITIES | 1,202 |  | 1,340 |  |

NET ASSETS | 69,333 |  | 71,794 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 68,333 |  | 70,794 |  |

69,333 |  | 71,794 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

Mrs B E Bird - Director

D J Bird - Director

| Whitefire Associates Limited (Registered number: 08350668) |

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| Whitefire Associates 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 | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Impairment of fixed assets

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

| For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

| Stocks

| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

| Whitefire Associates Limited (Registered number: 08350668) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Provisions

| Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

| Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 February 2024 | 10,337 |  | 1,509 |  | 8,438 |  | 20,284 |  |

| Additions | - |  | - |  | 1,709 |  | 1,709 |  |

| Disposals | (450 | ) | - |  | (2,498 | ) | (2,948 | ) |

| At 31 January 2025 | 9,887 |  | 1,509 |  | 7,649 |  | 19,045 |  |

| DEPRECIATION

| At 1 February 2024 | 8,177 |  | 1,134 |  | 5,615 |  | 14,926 |  |

| Charge for year | 456 |  | 94 |  | 1,053 |  | 1,603 |  |

| Eliminated on disposal | (113 | ) | - |  | (2,179 | ) | (2,292 | ) |

| At 31 January 2025 | 8,520 |  | 1,228 |  | 4,489 |  | 14,237 |  |

| NET BOOK VALUE

| At 31 January 2025 | 1,367 |  | 281 |  | 3,160 |  | 4,808 |  |

| At 31 January 2024 | 2,160 |  | 375 |  | 2,823 |  | 5,358 |  |

| Whitefire Associates Limited (Registered number: 08350668) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 293 |  | 1,500 |  |

| Prepayments and accrued income | 2,619 |  | 2,147 |  |

2,912 |  | 3,647 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 1,493 |  | 1,412 |  |

| Tax | (116 | ) | (444 | ) |

| Social security and other taxes | 1,109 |  | 1,109 |  |

| VAT | 1,104 |  | 951 |  |

| Directors' current accounts | 1,383 |  | 5,725 |  |

| Accruals and deferred income | 1,431 |  | 1,261 |  |

6,404 |  | 10,014 |  |