Nomico Fire & Security Limited 11424586 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is the installation and maintenance of fire alarms, smoke ventilation, CCTV and door access systems. Digita Accounts Production Advanced 6.30.9574.0 true 11424586 2022-07-01 2023-06-30 11424586 2023-06-30 11424586 bus:OrdinaryShareClass1 2023-06-30 11424586 bus:OrdinaryShareClass2 2023-06-30 11424586 core:CurrentFinancialInstruments 2023-06-30 11424586 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11424586 core:FurnitureFittingsToolsEquipment 2023-06-30 11424586 core:MotorVehicles 2023-06-30 11424586 bus:SmallEntities 2022-07-01 2023-06-30 11424586 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11424586 bus:FullAccounts 2022-07-01 2023-06-30 11424586 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11424586 bus:RegisteredOffice 2022-07-01 2023-06-30 11424586 bus:Director1 2022-07-01 2023-06-30 11424586 bus:Director2 2022-07-01 2023-06-30 11424586 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11424586 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 11424586 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11424586 bus:Agent1 2022-07-01 2023-06-30 11424586 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 11424586 core:MotorVehicles 2022-07-01 2023-06-30 11424586 core:OfficeEquipment 2022-07-01 2023-06-30 11424586 countries:AllCountries 2022-07-01 2023-06-30 11424586 2022-06-30 11424586 core:FurnitureFittingsToolsEquipment 2022-06-30 11424586 core:MotorVehicles 2022-06-30 11424586 2021-07-01 2022-06-30 11424586 2022-06-30 11424586 bus:OrdinaryShareClass1 2022-06-30 11424586 bus:OrdinaryShareClass2 2022-06-30 11424586 core:CurrentFinancialInstruments 2022-06-30 11424586 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 11424586 core:FurnitureFittingsToolsEquipment 2022-06-30 11424586 core:MotorVehicles 2022-06-30 11424586 bus:OrdinaryShareClass2 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registrar

Registration number: 11424586

Nomico Fire & Security Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Nomico Fire & Security Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Nomico Fire & Security Limited

Company Information

Directors

R P R Dunkley

R J Jones

Registered office

Units 4 & 5
Saxon House
Warley Street
Upminster
Essex
RM14 3PJ

Bankers

Barclays Bank Plc
Romford 3
Leicester
Leicestershire
LE87 2BB

Accountants

Lambert Chapman LLP
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Nomico Fire & Security Limited

(Registration number: 11424586)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

32,432

13,531

Current assets

 

Debtors

5

378,416

176,137

Cash at bank and in hand

 

55,813

145,394

 

434,229

321,531

Creditors: Amounts falling due within one year

6

(306,254)

(241,845)

Net current assets

 

127,975

79,686

Total assets less current liabilities

 

160,407

93,217

Provisions for liabilities

(6,162)

-

Net assets

 

154,245

93,217

Capital and reserves

 

Called up share capital

7

100

75

Share premium reserve

2,490

-

Retained earnings

151,655

93,142

Shareholders' funds

 

154,245

93,217

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Nomico Fire & Security Limited

(Registration number: 11424586)
Balance Sheet as at 30 June 2023

Approved and authorised by the Board on 9 October 2023 and signed on its behalf by:
 

R P R Dunkley
Director

R J Jones
Director

 

Nomico Fire & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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: Units 4 & 5, Saxon House, Warley Street, Upminster, Essex, RM14 3PJ.

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 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 financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

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 value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Work completed but not invoiced at the year end is included within amounts recoverable on long term contracts under debtors. To the extent that progress payments are ahead of the work completed then this amount is included under creditors as payments on account.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

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

 

Nomico Fire & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Asset class

Depreciation method and rate

Office equipment

25% Straight line

Motor vehicles

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

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

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.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 directors) during the year, was 6 (2022 - 6).

 

Nomico Fire & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Office equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

1,807

20,145

21,952

Additions

937

29,595

30,532

Disposals

-

(10,700)

(10,700)

At 30 June 2023

2,744

39,040

41,784

Depreciation

At 1 July 2022

237

8,184

8,421

Charge for the year

451

5,753

6,204

Eliminated on disposal

-

(5,273)

(5,273)

At 30 June 2023

688

8,664

9,352

Carrying amount

At 30 June 2023

2,056

30,376

32,432

At 30 June 2022

1,570

11,961

13,531

5

Debtors

2023
£

2022
£

Trade debtors

338,267

145,221

Amounts recoverable on long term contracts

15,196

3,452

Amounts owed by group undertakings and undertakings in which the company has a participating interest

90

75

Prepayments

12,016

3,452

Other debtors

12,847

23,937

378,416

176,137

 

Nomico Fire & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

202,026

131,020

Other creditors

40,369

64,099

Taxation and social security

20,739

13,592

Accruals and deferred income

43,120

33,134

306,254

241,845

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A shares of £1 each

90

90

75

75

Ordinary B shares of £1 (2022 - £0) each

10

10

-

-

 

100

100

75

75

8

Transition to FRS 102

These financial statements are the first of the company prepared under FRS 102 Section 1A, having exceeded the micro-company size limits for 2 consecutive reporting periods. The date of the transition was 1 July 2021. There are no material adjustments to the prior period financial statements.