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Registration number: 03429470

Surrey Fire & Safety Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 January 2023

 

Surrey Fire & Safety Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Surrey Fire & Safety Limited

Company Information

Director

Mr Richard Brownlee

Registered office

Unit 6 Camberley Business Centre
Bracebridge
Camberley
Surrey
GU15 3DP

Accountants

Accounts Digital Limited
Chartered Certified Accountants
The Shop
Stainton House
Headley Road
Hindhead
Surrey
GU26 6LB

 

Surrey Fire & Safety Limited

(Registration number: 03429470)
Abridged Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

8,938

10,958

Current assets

 

Stocks

5

52,310

51,411

Debtors

279,378

240,775

Cash at bank and in hand

 

27,998

12,429

 

359,686

304,615

Prepayments and accrued income

 

18,271

19,856

Creditors: Amounts falling due within one year

(374,771)

(325,319)

Net current assets/(liabilities)

 

3,186

(848)

Total assets less current liabilities

 

12,124

10,110

Creditors: Amounts falling due after more than one year

(23,937)

(39,298)

Accruals and deferred income

 

(190)

-

Net liabilities

 

(12,003)

(29,188)

Capital and reserves

 

Called up share capital

6

1,250

1,250

Share premium reserve

23,750

23,750

Retained earnings

(37,003)

(54,188)

Shareholders' deficit

 

(12,003)

(29,188)

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Surrey Fire & Safety Limited

(Registration number: 03429470)
Abridged Balance Sheet as at 31 January 2023

Approved and authorised by the director on 17 October 2023
 

.........................................
Mr Richard Brownlee
Director

 

Surrey Fire & Safety Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 6 Camberley Business Centre
Bracebridge
Camberley
Surrey
GU15 3DP
United Kingdom

These financial statements were authorised for issue by the director on 17 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

Straight Line 33%

Plant and Machinery

Straight Line 33.%

Motor Vehicles

Straight Line 25%

 

Surrey Fire & Safety Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Surrey Fire & Safety Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2022 - 12).

 

Surrey Fire & Safety Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2022

45,558

12,745

58,303

Additions

3,172

-

3,172

At 31 January 2023

48,730

12,745

61,475

Depreciation

At 1 February 2022

44,226

3,119

47,345

Charge for the year

1,938

3,254

5,192

At 31 January 2023

46,164

6,373

52,537

Carrying amount

At 31 January 2023

2,566

6,372

8,938

At 31 January 2022

1,332

9,626

10,958

5

Stocks

2023
£

2022
£

Other inventories

52,310

51,411

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1,250

1,250

1,250

1,250