Company Registration No. 09602109 (England and Wales)
M I Fire Protection Services Limited
Unaudited accounts
for the year ended 30 June 2023
M I Fire Protection Services Limited
Unaudited accounts
Contents
M I Fire Protection Services Limited
Company Information
for the year ended 30 June 2023
Directors
Mr Ian Gilbert
Mr Michael John Cairns
Company Number
09602109 (England and Wales)
Registered Office
Eventus Sunderland Road
Market Deeping
Peterborough
PE6 8FD
Accountants
Direct Peak Ltd
Eventus Sunderland Road
Market Deeping
Peterborough
PE6 8FD
M I Fire Protection Services Limited
Statement of financial position
as at 30 June 2023
Tangible assets
47,119
59,335
Cash at bank and in hand
129,873
75,875
Creditors: amounts falling due within one year
(132,243)
(95,738)
Net current assets
131,133
137,716
Total assets less current liabilities
178,252
197,051
Creditors: amounts falling due after more than one year
(11,042)
(26,461)
Provisions for liabilities
Deferred tax
(9,699)
(11,258)
Net assets
157,511
159,332
Called up share capital
2
2
Profit and loss account
157,509
159,330
Shareholders' funds
157,511
159,332
For the year ending 30 June 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by
Mr Ian Gilbert
Director
Company Registration No. 09602109
M I Fire Protection Services Limited
Notes to the Accounts
for the year ended 30 June 2023
M I Fire Protection Services Limited is a private company, limited by shares, registered in England and Wales, registration number 09602109. The registered office is Eventus Sunderland Road, Market Deeping, Peterborough, PE6 8FD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
M I Fire Protection Services Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2022
5,381
97,591
102,972
Disposals
(5,693)
-
(5,693)
At 30 June 2023
7,190
97,591
104,781
At 1 July 2022
1,712
41,925
43,637
Charge for the year
1,923
13,916
15,839
On disposals
(1,814)
-
(1,814)
At 30 June 2023
1,821
55,841
57,662
At 30 June 2023
5,369
41,750
47,119
At 30 June 2022
3,669
55,666
59,335
Amounts falling due within one year
Trade debtors
75,809
93,643
Other debtors
16,096
10,311
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
15,420
22,992
Trade creditors
51,897
25,099
Taxes and social security
42,570
29,578
Loans from directors
8,589
7,361
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
11,042
26,461
8
Average number of employees
During the year the average number of employees was 7 (2022: 6).