Company Registration No. NI629547 (Northern Ireland)
Fire Engineering Ltd
Unaudited accounts
for the year ended 28 February 2023
Fire Engineering Ltd
Unaudited accounts
Contents
Fire Engineering Ltd
Company Information
for the year ended 28 February 2023
Directors
Spencer Allen
Jamie Freeman
Company Number
NI629547 (Northern Ireland)
Registered Office
Office 12 Enterprise Causeway
17 Sandel Village, Knocklynn
Coleraine
County Londonderry
BT52 1WW
Northern Ireland
Accountants
Satori Accounting
11 Orchard Business Park
Pennyburn Industrial Estate
Derry
Northern Ireland
BT48 0LU
Fire Engineering Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
4,166
3,074
Cash at bank and in hand
24,556
11,930
Creditors: amounts falling due within one year
(27,926)
(24,283)
Net current assets/(liabilities)
20,153
(3,365)
Total assets less current liabilities
24,319
(291)
Provisions for liabilities
Net assets/(liabilities)
23,527
(875)
Called up share capital
100
100
Profit and loss account
23,427
(975)
Shareholders' funds
23,527
(875)
For the year ending 28 February 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 6 October 2023 and were signed on its behalf by
Spencer Allen
Director
Company Registration No. NI629547
Fire Engineering Ltd
Notes to the Accounts
for the year ended 28 February 2023
Fire Engineering Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI629547. The registered office is Office 12 Enterprise Causeway, 17 Sandel Village, Knocklynn, Coleraine, County Londonderry, BT52 1WW, Northern Ireland.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is written off to the Income Statement over its useful life which is estimated at 5 years.
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.
Fire Engineering Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
4
Intangible fixed assets
Other
At 28 February 2023
11,000
At 28 February 2023
11,000
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
6,142
1,183
7,325
At 28 February 2023
6,142
4,239
10,381
At 1 March 2022
3,658
593
4,251
Charge for the year
866
1,098
1,964
At 28 February 2023
4,524
1,691
6,215
At 28 February 2023
1,618
2,548
4,166
At 28 February 2022
2,484
590
3,074
Amounts falling due within one year
Trade debtors
17,053
6,742
Accrued income and prepayments
6,470
2,246
Fire Engineering Ltd
Notes to the Accounts
for the year ended 28 February 2023
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
21,916
8,139
Loans from directors
3,900
4,020
8
Transactions with related parties
The amount owed to the director at the year-end date was £3,900. This is disclosed at note 7.
9
Average number of employees
During the year the average number of employees was 2 (2022: 1).