Registration number: 02912661

Jubilee Fireworks Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Jubilee Fireworks Limited

Company Information

Director

Mr C Pearce

Registered office

Unit 29 Dawley Trading Estate Stallings Lane Kingswinford West Midlands DY6 7AP

Accountants

Neil Westwood & Co Chartered Accountants101 Dixons Green Road Dudley West Midlands DY2 7DJ

Jubilee Fireworks Limited

(Registration number: 02912661)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	37,896	39,400
Current assets
Stocks	5	303,976	212,952
Debtors	6	120,221	114,051
Cash at bank and in hand		218,994	150,761
		643,191	477,764
Creditors: Amounts falling due within one year	7	(343,354)	(277,716)
Net current assets		299,837	200,048
Total assets less current liabilities		337,733	239,448
Creditors: Amounts falling due after more than one year	7	(12,948)	(62,046)
Net assets		324,785	177,402
Capital and reserves
Called up share capital		300	300
Retained earnings		324,485	177,102
Shareholders' funds		324,785	177,402

Jubilee Fireworks Limited

(Registration number: 02912661)
Balance Sheet as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 December 2025
 

Mr C Pearce Director

Jubilee Fireworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 29 Dawley Trading Estate
Stallings Lane
Kingswinford
West Midlands
DY6 7AP

These financial statements were authorised for issue by the director on 29 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Jubilee Fireworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% on cost
Fixtures fittings and equipment	25% on cost
Computer equipment	33.33% and 25% on cost

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.

Jubilee Fireworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 36 (2024 - 21).

Jubilee Fireworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 April 2024	14,099	49,580	170,764	83,663
Additions	-	-	16,275	-
At 31 March 2025	14,099	49,580	187,039	83,663
Depreciation
At 1 April 2024	14,099	46,471	162,227	55,909
Charge for the year	-	1,621	3,969	12,189
At 31 March 2025	14,099	48,092	166,196	68,098
Carrying amount
At 31 March 2025	-	1,488	20,843	15,565
At 31 March 2024	-	3,109	8,537	27,754

	Total £
Cost or valuation
At 1 April 2024	318,106
Additions	16,275
At 31 March 2025	334,381
Depreciation
At 1 April 2024	278,706
Charge for the year	17,779
At 31 March 2025	296,485
Carrying amount
At 31 March 2025	37,896
At 31 March 2024	39,400

Jubilee Fireworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Stocks

	2025 £	2024 £
Raw materials and consumables	303,976	212,952

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		102,026	105,200
Amounts owed by related parties		5,792	3,751
Other debtors		12,403	5,100
		120,221	114,051

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	154,093	142,506
Trade creditors		31,606	24,863
Taxation and social security		146,636	98,373
Accruals and deferred income		7,163	7,320
Other creditors		3,856	4,654
		343,354	277,716

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	12,948	62,046

Jubilee Fireworks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,603	33,020
Hire purchase contracts	6,345	12,193
Other borrowings	-	16,833
	12,948	62,046

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	26,412	26,407
Hire purchase contracts	5,848	5,848
Unsecured debentures	105,000	85,000
Other borrowings	16,833	25,251
	154,093	142,506