REGISTERED NUMBER: 01513210 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FIRSTLIGHT PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S G Furst

SECRETARY:

Mrs S J Griffiths

REGISTERED OFFICE:

22 Erica Road

Stacey Bushes

Milton Keynes

Buckinghamshire

MK12 6HS

REGISTERED NUMBER:

01513210 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Intangible assets

4

640

800

Tangible assets

5

74,453

85,415

75,093

86,215

CURRENT ASSETS

Stocks

948,457

1,024,531

Debtors

6

519,441

590,713

Cash at bank and in hand

2,232,287

2,426,941

3,700,185

4,042,185

CREDITORS

Amounts falling due within one year

7

(263,622

)

(274,532

)

NET CURRENT ASSETS

3,436,563

3,767,653

TOTAL ASSETS LESS CURRENT LIABILITIES

3,511,656

3,853,868

CREDITORS

Amounts falling due after more than one year

8

(52,186

)

-

NET ASSETS

3,459,470

3,853,868

CAPITAL AND RESERVES

Called up share capital

10

5,000

5,000

Retained earnings

3,454,470

3,848,868

SHAREHOLDERS' FUNDS

3,459,470

3,853,868

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 director acknowledges his 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 director and authorised for issue on 10 October 2025 and were signed by:

Mr S G Furst - Director

1.	STATUTORY INFORMATION

Firstlight Products 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.

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 five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

in accordance with the property

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment and software

-

20% on 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2024

and 31 March 2025

800

AMORTISATION

Amortisation for year

160

At 31 March 2025

160

NET BOOK VALUE

At 31 March 2025

640

At 31 March 2024

800

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

8,861

159,561

141,179

Additions

-

-

4,229

Disposals

(8,861

)

-

-

At 31 March 2025

-

159,561

145,408

DEPRECIATION

At 1 April 2024

8,861

150,626

136,500

Charge for year

-

1,787

1,782

Eliminated on disposal

(8,861

)

-

-

At 31 March 2025

-

152,413

138,282

NET BOOK VALUE

At 31 March 2025

-

7,148

7,126

At 31 March 2024

-

8,935

4,679

Computer

equipment

Motor

and

vehicles

software

Totals

£

£

£

COST

At 1 April 2024

228,950

96,485

635,036

Additions

-

10,977

15,206

Disposals

(41,370

)

-

(50,231

)

At 31 March 2025

187,580

107,462

600,011

DEPRECIATION

At 1 April 2024

170,209

83,425

549,621

Charge for year

13,650

4,807

22,026

Eliminated on disposal

(37,228

)

-

(46,089

)

At 31 March 2025

146,631

88,232

525,558

NET BOOK VALUE

At 31 March 2025

40,949

19,230

74,453

At 31 March 2024

58,741

13,060

85,415

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

419,497

425,619

Other debtors

99,944

165,094

519,441

590,713

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

91,488

36,261

Taxation and social security

111,032

188,932

Other creditors

61,102

49,339

263,622

274,532

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

52,186

-

9.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

272,273

215,550

Between one and five years

782,785

1,055,058

1,055,058

1,270,608

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

500

Ordinary B

£1

500

500

Allotted and issued:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

4,500

Ordinary A

£1

4,500

4,500

11.	PENSION COMMITMENTS

The company makes payments to separate defined contribution schemes on behalf of employees and director. Amounts charged to the profit and loss account were £68,553 (2024: £69,828) for the year. Outstanding employer pension contributions at the balance sheet date were £776 (2024: £696).