REGISTERED NUMBER: 08302629 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FIRESTORM GAMES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R E West

Mrs M T West

REGISTERED OFFICE:

13-14 Gelliwastad Road

Pontypridd

RCT

CF37 2BW

REGISTERED NUMBER:

08302629 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

1,084,421

989,118

1,084,421

989,118

CURRENT ASSETS

Inventories

6

1,065,422

731,567

Debtors

7

98,388

81,208

Investments

8

4,000

4,000

Cash at bank and in hand

439,895

195,298

1,607,705

1,012,073

CREDITORS

Amounts falling due within one year

9

1,280,628

833,494

NET CURRENT ASSETS

327,077

178,579

TOTAL ASSETS LESS CURRENT LIABILITIES

1,411,498

1,167,697

CREDITORS

Amounts falling due after more than one year

10

(653,955

)

(626,359

)

PROVISIONS FOR LIABILITIES

(34,263

)

(26,903

)

NET ASSETS

723,280

514,435

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

723,180

514,335

SHAREHOLDERS' FUNDS

723,280

514,435

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 15 July 2026 and were signed on its behalf by:

Mr R E West - Director

1.	STATUTORY INFORMATION

Firestorm Games 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three years.

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.

Website are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures & Fittings - 25% reducing balance

Computer Equipment - 33% on cost

Motor Vehicles - 20% reducing balance

Plant & Machinery - 33% on cost

Freehold Property - not currently depreciated

Freehold Property:

The directors acknowledge the need to assess appropriate depreciation policies based upon historical cost less residual value. It is not believed that the freehold property's residual value has reduced below its cost, as at the balance sheet date. Accordingly, the freehold property has not been depreciated, in this accounting year.

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Website

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

19,000

9,275

28,275

AMORTISATION

At 1 January 2025

and 31 December 2025

19,000

9,275

28,275

NET BOOK VALUE

At 31 December 2025

-

-

-

At 31 December 2024

-

-

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

941,816

189,586

1,131,402

Additions

-

152,856

152,856

Disposals

-

(15,833

)

(15,833

)

At 31 December 2025

941,816

326,609

1,268,425

DEPRECIATION

At 1 January 2025

-

142,284

142,284

Charge for year

-

49,447

49,447

Eliminated on disposal

-

(7,727

)

(7,727

)

At 31 December 2025

-

184,004

184,004

NET BOOK VALUE

At 31 December 2025

941,816

142,605

1,084,421

At 31 December 2024

941,816

47,302

989,118

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

91,548

At 31 December 2025

91,548

DEPRECIATION

Charge for year

22,658

At 31 December 2025

22,658

NET BOOK VALUE

At 31 December 2025

68,890

Included within the net book value of motor vehicles is £68,890 connected to a number of "Right-of-use" (ROU) assets held under operating lease arrangements.

6.	INVENTORIES

31/12/25

31/12/24

£

£

Stocks

1,065,422

731,567

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

48,904

39,477

Other debtors

49,484

41,731

98,388

81,208

8.	CURRENT ASSET INVESTMENTS

31/12/25

31/12/24

£

£

Unlisted investments

4,000

4,000

Current asset investments relates to the cost of redeemable par value shares within a UK private limited company. The investment is in consideration for the company becoming a member and having the benefit of intellectual property. The shares are redeemable only at par value and are reported at cost.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans and overdrafts

8,411

46,283

Hire purchase contracts (see note 11)

24,443

-

Trade creditors

862,628

505,354

Taxation and social security

189,634

73,975

Other creditors

195,512

207,882

1,280,628

833,494

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans

612,389

606,275

Hire purchase contracts (see note 11)

31,424

-

Other creditors

10,142

20,084

653,955

626,359

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

574,927

403,204

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/12/25

31/12/24

£

£

Net obligations repayable:

Within one year

24,443

-

Between one and five years

31,424

-

55,867

-

Non-cancellable

operating leases

31/12/25

31/12/24

£

£

Within one year

88,982

62,482

Between one and five years

205,585

174,818

294,567

237,300

The operating leases are connected to commercial properties, vehicles and equipment.

During this period, the company has entered into a number of motor vehicle lease agreements.

These arrangements have been capitalised by recognising a right-of-use asset and a corresponding lease liability measured at the present value of the future lease payments discounted at a rate of 7.93% per annum.

Total contractual payments under these arrangements amount to £100,685.

At the balance sheet date, the carrying amounts of these lease obligations are presented within Creditors as follows:

- Lease Liabilities (Due within 1 year): £24,443

- Lease Liabilities (Due after more than 1 year): £31,424

Total Present Value of Lease Liability: £55,867

12.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/25

31/12/24

£

£

Bank loans

620,800

652,558

Hire purchase contracts

55,867

-

676,667

652,558

Included within bank loans and overdrafts are balances totalling £600,000 (2024: £652,558) which are fully secured.

On 17 November 2025, security over the company's borrowing facilities was refinanced and granted to Barclays Security Trustee Limited (acting for the benefit of Barclays Bank PLC). This refinancing arrangement consists of:

- A debenture creating fixed and floating charges over all current and future property, undertaking, and asset.

- A legal charge over the company's freehold property.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/25

31/12/24

value:

£

£

100

Ordinary

£1

100

100