REGISTERED NUMBER: 12353797 (England and Wales)

Firth Profiles IP Limited

Financial Statements

for the Year Ended 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J T Firth

Mrs A R Firth

REGISTERED OFFICE:

Calderbank

River Street

Brighouse

West Yorkshire

HD6 1LU

REGISTERED NUMBER:

12353797 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Intangible assets

4

268,653

302,456

Tangible assets

5

9,176

14,483

277,829

316,939

CURRENT ASSETS

Debtors

6

467,707

214,311

Cash at bank

41,939

289,438

509,646

503,749

CREDITORS

Amounts falling due within one year

7

30,471

121,727

NET CURRENT ASSETS

479,175

382,022

TOTAL ASSETS LESS CURRENT LIABILITIES

757,004

698,961

PROVISIONS FOR LIABILITIES

1,051

2,104

NET ASSETS

755,953

696,857

CAPITAL AND RESERVES

Called up share capital

8

70,000

70,000

Retained earnings

685,953

626,857

SHAREHOLDERS' FUNDS

755,953

696,857

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 7 July 2026 and were signed on its behalf by:

Mr J T Firth - Director

1.	STATUTORY INFORMATION

Firth Profiles IP 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 functional and presentation currency for the company is pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

The turnover shown in the income statement represents royalty income which is included on a receivable basis calculated on sales of products arising during each accounting period as reported by the licensee.

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.

Trademarks and intellectual property are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

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

Fixed assets are originally recorded at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities ae offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Trademarks

and

intellectual

Computer

property

software

Totals

£

£

£

COST

At 1 August 2024

71,485

287,644

359,129

Additions

2,250

-

2,250

At 31 July 2025

73,735

287,644

361,379

AMORTISATION

At 1 August 2024

27,071

29,602

56,673

Amortisation for year

7,288

28,765

36,053

At 31 July 2025

34,359

58,367

92,726

NET BOOK VALUE

At 31 July 2025

39,376

229,277

268,653

At 31 July 2024

44,414

258,042

302,456

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2024

and 31 July 2025

26,533

DEPRECIATION

At 1 August 2024

12,050

Charge for year

5,307

At 31 July 2025

17,357

NET BOOK VALUE

At 31 July 2025

9,176

At 31 July 2024

14,483

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by related parties

467,707

17,103

Directors' current accounts

-

197,208

467,707

214,311

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

12,499

Tax

19,815

19,563

VAT

7,907

24,664

Other creditors

-

62,500

Accruals and deferred income

2,749

2,501

30,471

121,727

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

70,000

Ordinary

£1

70,000

70,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

Mr J T Firth

Balance outstanding at start of year

197,208

-

Amounts advanced

-

197,208

Amounts repaid

(197,208

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

197,208