Registered Number
:
09973977
|
For the year ended 29 February 2020
England and Wales
Unaudited Financial Statements
For the year ended 29 February 2020
FIREFLY BAR HEREFORD LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
FIREFLY BAR HEREFORD LTD
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
-
27,497
2
-
27,497
3,065
-
3
Trade and other receivables
|
7,360
144
4
14,362
Cash and cash equivalents
|
1,118
1,262
24,787
Trade and other payables
:
amounts falling due within one
|
year
|
(73,509)
(77,032)
5
(48,722)
(75,770)
Net current liabilities
Total assets less current liabilities
|
(75,770)
(21,225)
Trade and other payables
:
amounts falling due after more
|
than one year
|
(7,259)
-
6
(75,770)
Net liabilities
(28,484)
2
2
(75,772)
(28,486)
(75,770)
(28,484)
Shareholders' funds
For the year ended 29 February 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mathew Bradley Pugh Director
|
These financial statements were approved and authorised for issue by the Board on 17 February 2021 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 29 February 2020
FIREFLY BAR HEREFORD LTD
Notes to the Financial Statements
Statutory Information
FIREFLY BAR HEREFORD LTD is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
09973977
.
|
Principal place of business
:
|
16 King Street
Hereford
HR4 9BX
c/o KLM Associates
Jaguar House
Cecil Street
Birmingham
B19 3ST
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets and on the basis the company ceased trading on
9
th February
,
2020
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and Buildings
Furniture and Fittings
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
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.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
2 of 4
For the year ended 29 February 2020
FIREFLY BAR HEREFORD LTD
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
48,926
31,400
17,526
985
985
-
(32,385)
(17,526)
(49,911)
-
-
-
Provision for depreciation and impairment
|
21,429
10,914
10,515
(21,429)
(10,914)
(10,515)
-
-
-
-
-
-
7,011
20,486
27,497
2019
2020
-
3,065
4
.
Trade and other receivables
|
2019
2020
Prepayments and accrued income
|
-
1,360
Taxation and social security
|
144
-
-
6,000
7,360
144
3 of 4
For the year ended 29 February 2020
FIREFLY BAR HEREFORD LTD
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
8,942
1,683
12,230
5,901
Taxation and social security
|
4,330
6,547
Accruals and deferred income
|
-
1,681
Directors
'
loan accounts
|
51,530
57,697
77,032
73,509
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
-
7,259
7
.
Related party transactions
|
The ultimate controlling parties during the year were Matthew Pugh and Raymond Velasquez
,
directors
,
whom
|
control the company by virtue of each owning
50
%
of the share capital
.
|
8
.
Average number of persons employed
|
During the year the average number of employees was 7 (2019 : 9)
4 of 4