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Unaudited Financial Statements |
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for the Period 1 April 2017 to 30 March 2018 |
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for |
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Blitz Fireworks Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 April 2017 to 30 March 2018 |
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for |
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Blitz Fireworks Limited |
Blitz Fireworks Limited (Registered number: 06162993) |
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Contents of the Financial Statements |
for the Period 1 April 2017 to 30 March 2018 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Blitz Fireworks Limited |
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Company Information |
for the Period 1 April 2017 to 30 March 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Blitz Fireworks Limited (Registered number: 06162993) |
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Statement of Financial Position |
30 March 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Blitz Fireworks Limited (Registered number: 06162993) |
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Statement of Financial Position - continued |
30 March 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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Blitz Fireworks Limited (Registered number: 06162993) |
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Notes to the Financial Statements |
for the Period 1 April 2017 to 30 March 2018 |
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1. | STATUTORY INFORMATION |
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Blitz Fireworks Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention and are presented in |
Pounds Sterling (£) being the functional currency. |
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The financial statements have been prepared on the assumption that the company is able to carry on |
business as a going concern, which the directors consider appropriate having regard to the company's |
current and expected performance. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures, fittings & equipment | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
and slow moving items. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible |
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in |
profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value |
with changes recognised in profit or loss. |
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Taxation |
Taxation for the period comprises current and deferred tax, if applicable. 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
Blitz Fireworks Limited (Registered number: 06162993) |
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Notes to the Financial Statements - continued |
for the Period 1 April 2017 to 30 March 2018 |
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3. | ACCOUNTING POLICIES - continued |
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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. |
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4. | EMPLOYEES |
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The average number of employees during the period was
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5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures, |
to | Plant and | fittings |
property | machinery | & equipment |
£ | £ | £ |
COST |
At 1 April 2017 |
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Additions |
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Disposals |
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At 30 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for period |
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Eliminated on disposal |
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At 30 March 2018 |
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NET BOOK VALUE |
At 30 March 2018 |
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At 31 March 2017 |
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Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2017 |
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Additions |
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Disposals | ( |
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At 30 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for period |
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Eliminated on disposal | ( |
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At 30 March 2018 |
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NET BOOK VALUE |
At 30 March 2018 |
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At 31 March 2017 |
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Blitz Fireworks Limited (Registered number: 06162993) |
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Notes to the Financial Statements - continued |
for the Period 1 April 2017 to 30 March 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Taxation and social security |
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Other creditors |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Other creditors |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Other creditors | 250,000 | 150,000 |