Company registration number 10243105 (England and Wales)
MDL Fireworks Limited
Unaudited Financial Statements
For the year ended 28 February 2026
MDL Fireworks Limited
Company information
Director
Mrs S Slinn
Secretary
Mrs S Slinn
Company number
10243105
Registered office
The Exchange
5 Bank Street
Bury
BL9 0DN
Accountants
DJH Bury Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN
MDL Fireworks Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
MDL Fireworks Limited
Statement Of Financial Position
As at 28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
160
213
Current assets
Stocks
16,205
12,572
Debtors
5
42,525
42,292
Cash at bank and in hand
32,644
36,012
91,374
90,876
Creditors: amounts falling due within one year
6
(28,234)
(26,173)
Net current assets
63,140
64,703
Total assets less current liabilities
63,300
64,916
Creditors: amounts falling due after more than one year
7
-
0
(543)
Net assets
63,300
64,373
Capital and reserves
Called up share capital
210
210
Profit and loss reserves
63,090
64,163
Total equity
63,300
64,373
MDL Fireworks Limited
Statement Of Financial Position (continued)
As at 28 February 2026
- 2 -

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 9 July 2026
Mrs S Slinn
Director
Company registration number 10243105 (England and Wales)
MDL Fireworks Limited
Notes to the financial statements
For the year ended 28 February 2026
- 3 -
1
Accounting policies
Company information

MDL Fireworks Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Exchange, 5 Bank Street, Bury, BL9 0DN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Turnover

Turnover represents the value of the sale of goods and services provided, net of value added tax and net of discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The residual values, estimated useful lives and depreciation method of tangible fixed assets are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

1.5
Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stocks sold is recognised as an expense in the period in which the related revenue is recognised.

MDL Fireworks Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
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 of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are 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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

MDL Fireworks Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
- 5 -
2
Judgements and key sources of estimation uncertainty

There are currently no significant judgements and estimates applied by the director which are considered key to the preparation of the financial statements.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2025 and 28 February 2026
2,859
Depreciation and impairment
At 1 March 2025
2,646
Depreciation charged in the year
53
At 28 February 2026
2,699
Carrying amount
At 28 February 2026
160
At 28 February 2025
213
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
2,200
299
Other debtors
40,325
41,993
42,525
42,292
MDL Fireworks Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
- 6 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
543
2,140
Taxation and social security
8,972
6,454
Other creditors
18,719
17,579
28,234
26,173
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
543
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