FIRSTLITE (UK) LIMITED


Directors	HOLMES, David John
	WOODCOCK, Megan Louise


Registered Address	Unit D6 Princesway North
	Team Valley Trading Estate
	Gateshead
	NE11 0TU


Registered Number	07554024 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		14,199		22,565
			14,199		22,565
Current assets
Stocks	4	440,270		335,764
Debtors	5	597,928		770,505
Cash at bank and on hand		23,720		11,413
		1,061,918		1,117,682
Creditors amounts falling due within one year	6	(392,765)		(493,320)
Net current assets (liabilities)			669,153		624,362
Total assets less current liabilities			683,352		646,927
Creditors amounts falling due after one year	7		(205,195)		(201,663)
Net assets			478,157		445,264
Capital and reserves
Called up share capital			160		160
Other reserves			(17,500)		(17,500)
Profit and loss account			495,497		462,604
Shareholders' funds			478,157		445,264

The company was entitled to exemption from audit for this reporting period 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 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.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 July 2025, and are signed on its behalf by:

WOODCOCK, Megan Louise
Director
Registered Company No. 07554024

FIRSTLITE (UK) LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	3
	Plant and machinery	5
	Vehicles	3

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		6

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 April 24	990	70,313	71,303
At 31 March 25	990	70,313	71,303
Depreciation and impairment
At 01 April 24	66	48,672	48,738
Charge for year	924	7,442	8,366
At 31 March 25	990	56,114	57,104
Net book value
At 31 March 25	-	14,199	14,199
At 31 March 24	924	21,641	22,565

4.	Stocks

	2025	2024
	£	£
Other stocks	440,270	335,764
Total	440,270	335,764

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	199,508	266,004
Amounts owed by group undertakings	398,155	396,740
Other debtors	265	-
Prepayments and accrued income	-	107,761
Total	597,928	770,505

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	35,006	19,404
Bank borrowings and overdrafts	220,496	310,986
Amounts owed to related parties	8,017	35,128
Taxation and social security	112,669	112,573
Other creditors	8,848	958
Accrued liabilities and deferred income	7,729	14,271
Total	392,765	493,320

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	205,195	201,663
Total	205,195	201,663

8.	Off-balance sheet arrangements
	The company has an invoicing finance facility with Ultimate Finance Limited and the facility is secured against an all assets debenture given by both the company and the parent company, Firstlite Holdings Ltd, comprising fixed and floating charges over the whole or substantially the whole of the business, assets and undertaking.

9.	Related party transactions
	The following inter-company loans existed at the end of the accounting period where all amounts were owed to Firstlite (UK) Ltd by the companies listed: Firstlite Holdings Ltd £398,155 The following inter-company loans existed at the end of the accounting period where all amounts were owed to the related parties listed by Firstlite (UK) Ltd: First Fix Plastics Ltd £8017.04 Firstlite Holdings Ltd is a related party because it is the parent company, Firstlite (UK) Ltd is a wholly owned subsidiary of Firstlite Holdings Ltd. CMC North East Ltd is a related party because the director D Holmes is also director of this company and has significant control over CMC North East Ltd. First Fix Plastics Ltd is a related party because the director D Holmes is also director and has significant control over First Fix Plastics Ltd.

Related party transactions

The following inter-company loans existed at the end of the accounting period where all amounts were owed to Firstlite (UK) Ltd by the companies listed:

Firstlite Holdings Ltd £398,155

The following inter-company loans existed at the end of the accounting period where all amounts were owed to the related parties listed by Firstlite (UK) Ltd:

First Fix Plastics Ltd £8017.04

Firstlite Holdings Ltd is a related party because it is the parent company, Firstlite (UK) Ltd is a wholly owned subsidiary of Firstlite Holdings Ltd.

CMC North East Ltd is a related party because the director D Holmes is also director of this company and has significant control over CMC North East Ltd.

First Fix Plastics Ltd is a related party because the director D Holmes is also director and has significant control over First Fix Plastics Ltd.

10.	Controlling party
	The company's parent undertaking is Firstlite Holdings Limited and the parent company registered office address is Unit D6 Don Street, Princesway, Team Valley Trading Estate, Gateshead, NE11 0TU.