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REGISTERED NUMBER: SC317843 (Scotland)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

AF PYRO LIMITED

AF PYRO LIMITED (REGISTERED NUMBER: SC317843)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AF PYRO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: A Kilbride
F Stevenson





SECRETARY: A Kilbride





REGISTERED OFFICE: 444 Hillington Road
Hillington Industrial Estate
Glasgow
G52 4RH





REGISTERED NUMBER: SC317843 (Scotland)





ACCOUNTANTS: F L Walker and Company Limited
Chartered Accountants
2 Woodside Place
Glasgow
G3 7QF

AF PYRO LIMITED (REGISTERED NUMBER: SC317843)

BALANCE SHEET
31 MARCH 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 16,087 3,174
16,087 3,174

CURRENT ASSETS
Stocks 183,159 73,799
Debtors 5 216,987 258,590
Cash at bank and in hand 25,328 60,884
425,474 393,273
CREDITORS
Amounts falling due within one year 6 276,062 197,318
NET CURRENT ASSETS 149,412 195,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,499

199,129

CREDITORS
Amounts falling due after more than one
year

7

11,186

-
NET ASSETS 154,313 199,129

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 153,313 198,129
SHAREHOLDERS' FUNDS 154,313 199,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

AF PYRO LIMITED (REGISTERED NUMBER: SC317843)

BALANCE SHEET - continued
31 MARCH 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 December 2017 and were signed on its behalf
by:





A Kilbride - Director


AF PYRO LIMITED (REGISTERED NUMBER: SC317843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

AF Pyro Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" 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 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks 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 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.

AF PYRO LIMITED (REGISTERED NUMBER: SC317843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

2. ACCOUNTING POLICIES - continued

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.

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2016
and 31 March 2017 5,650
AMORTISATION
At 1 April 2016
and 31 March 2017 5,650
NET BOOK VALUE
At 31 March 2017 -
At 31 March 2016 -

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2016 4,547 2,907 - 6,261 13,715
Additions - 266 16,990 - 17,256
At 31 March 2017 4,547 3,173 16,990 6,261 30,971
DEPRECIATION
At 1 April 2016 3,468 1,091 - 5,982 10,541
Charge for year 216 520 3,398 209 4,343
At 31 March 2017 3,684 1,611 3,398 6,191 14,884
NET BOOK VALUE
At 31 March 2017 863 1,562 13,592 70 16,087
At 31 March 2016 1,079 1,816 - 279 3,174

AF PYRO LIMITED (REGISTERED NUMBER: SC317843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 16,990
At 31 March 2017 16,990
DEPRECIATION
Charge for year 3,398
At 31 March 2017 3,398
NET BOOK VALUE
At 31 March 2017 13,592

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 35,121 88,071
Other debtors 11,000 24,457
Directors' current accounts - 15,196
Prepayments 170,866 130,866
216,987 258,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts 94 -
Hire purchase contracts 3,274 -
Trade creditors 36,329 14,783
Firework Superstore Ltd 160,363 118,363
Tax 1,456 16,221
VAT 21,928 12,162
Directors' current accounts 19,618 2,814
Accrued expenses 33,000 32,975
276,062 197,318

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Hire purchase contracts 11,186 -

AF PYRO LIMITED (REGISTERED NUMBER: SC317843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

8. RELATED PARTY DISCLOSURES

The company is an associate of Firework Superstore Ltd, a company registered in Scotland.

During the period sales amounting to £48,118 (2016: £44,855) were made to Firework Superstore Ltd and the
amount owed by that company at 31 March 2017 was £NIL (2016: £NIL).

During the year loans amounting to £112,585 were advanced from Fireworks Superstore Limited and the balance
outstanding at 31 March 2017 was £160,363 (2016:£118,363).

The amount owed to the directors at 31 March 2017 was £19,618 (2016: £12,382 owed by the directors).