REGISTERED NUMBER: 06942215 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FIREBIRD TRADING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Neville Hammonds

Rosamond Hill

Catherine Kersey

Alison Sinclair

Registered office:

Phoenix Square

4 Midland Street

Leicester

LE1 1TG

Registered number:

06942215 (England and Wales)

Accountants:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

Derbyshire

DE24 8HP

Fixed assets

Tangible assets

4

1,097

1,384

Current assets

Stocks

5

19,094

17,203

Debtors

6

45,007

41,867

Cash in hand

23,484

86,820

87,585

145,890

Creditors

Amounts falling due within one year

7

(87,581

)

(145,886

)

Net current assets

4

4

Total assets less current liabilities

1,101

1,388

Capital and reserves

Called up share capital

8

2

2

Retained earnings

9

1,099

1,386

Shareholders' funds

1,101

1,388

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 17 December 2025 and were signed on its behalf by:

Alison Sinclair - Director

1.	STATUTORY INFORMATION

Firebird Trading 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.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Going concern

The financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 April 2024

and 31 March 2025

36,635

43,839

80,474

Depreciation

At 1 April 2024

35,251

43,839

79,090

Charge for year

287

-

287

At 31 March 2025

35,538

43,839

79,377

Net book value

At 31 March 2025

1,097

-

1,097

At 31 March 2024

1,384

-

1,384

5.

STOCKS

2025

2024

£

£

Stocks

19,094

17,203

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,079

39,163

Amounts owed by group undertakings

29,866

-

Prepayments and accrued income

1,062

2,704

45,007

41,867

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

20,568

24,742

Amounts owed to group undertakings

-

55,461

VAT

47,535

52,351

Other creditors

4,900

-

Accruals and deferred income

14,578

13,332

87,581

145,886

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2024

1,386

Deficit for the year

(287

)

At 31 March 2025

1,099

10.	RELATED PARTY DISCLOSURES

Firebird Trading Ltd (FBT) is a wholly owned subsidiary company of Leicester Arts Centre Ltd (LAC). LAC is a charitable company limited by guarantee.

FBT has a separate board of directors appointed by the board of LAC.

The purpose of FBT is to conduct the trading activities of LAC including the cafe, room hire and other commercial activities that contribute to the charity. At the end of each financial year, the directors of FBT donate any taxable surplus of the company to LAC.

LAC holds a lease to the premises and FBT operates within those premises. The overhead costs of the premises are borne directly by LAC and all staff are directly employed by LAC. Relevant payroll costs and a proportional share of overhead costs are passed to FBT through inter-company charges.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Leicester Arts Centre Limited, incorporated in England & Wales.