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REGISTERED NUMBER: 04687141 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Blue Shield Fire Protection Ltd

Blue Shield Fire Protection Ltd (Registered number: 04687141)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Shield Fire Protection Ltd

Company Information
for the Year Ended 31 March 2023







Directors: A Gorton
P Brand





Secretary: A Gorton





Registered office: Unit 9 Sovereign Park
Cleveland Way
Hemel Hempstead
Hertfordshire
HP2 7DA





Registered number: 04687141 (England and Wales)





Accountants: Pinkham Blair
Chartered Accountants
87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH

Blue Shield Fire Protection Ltd (Registered number: 04687141)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 612,504 620,258

Current assets
Stocks 126,263 36,885
Debtors 5 395,269 749,630
Cash at bank 16,995 53,773
538,527 840,288
Creditors
Amounts falling due within one year 6 314,062 497,163
Net current assets 224,465 343,125
Total assets less current liabilities 836,969 963,383

Creditors
Amounts falling due after more than
one year

7

(98,238

)

(137,037

)

Provisions for liabilities (3,619 ) (4,897 )
Net assets 735,112 821,449

Capital and reserves
Called up share capital 10 2 2
Retained earnings 735,110 821,447
Shareholders' funds 735,112 821,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Blue Shield Fire Protection Ltd (Registered number: 04687141)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 1 November 2023 and were signed on its behalf by:





A Gorton - Director


Blue Shield Fire Protection Ltd (Registered number: 04687141)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

Blue Shield Fire Protection Ltd is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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 etc - 25% on reducing balance

Government grants
The company has adopted the accrual model in relation to grants received. All grants received have been classified as revenue-based grants.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Blue Shield Fire Protection Ltd (Registered number: 04687141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. Accounting policies - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 24 (2022 - 25 ) .

Blue Shield Fire Protection Ltd (Registered number: 04687141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost
At 1 April 2022
and 31 March 2023 588,804 115,746 704,550
Depreciation
At 1 April 2022 - 84,292 84,292
Charge for year - 7,754 7,754
At 31 March 2023 - 92,046 92,046
Net book value
At 31 March 2023 588,804 23,700 612,504
At 31 March 2022 588,804 31,454 620,258

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
Cost
At 1 April 2022
and 31 March 2023 52,738
Depreciation
At 1 April 2022
and 31 March 2023 23,712
Net book value
At 31 March 2023 29,026
At 31 March 2022 29,026

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 377,744 712,105
Other debtors 17,525 37,525
395,269 749,630

Blue Shield Fire Protection Ltd (Registered number: 04687141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 32,727 71,881
Hire purchase contracts (see note 8)
6,128

9,660
Trade creditors 184,022 322,561
Taxation and social security 55,409 83,521
Other creditors 35,776 9,540
314,062 497,163

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 98,238 130,909
Hire purchase contracts (see note 8)
-

6,128
98,238 137,037

8. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 6,128 9,660
Between one and five years - 6,128
6,128 15,788

Non-cancellable
operating leases
2023 2022
£ £
Within one year 58,515 10,215
Between one and five years 123,500 20,515
182,015 30,730

Blue Shield Fire Protection Ltd (Registered number: 04687141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 130,965 202,790

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
196 A Ordinary £0.01 2 2
4 B Ordinary £0.01 - -
2 2

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£ £
A Gorton
Balance outstanding at start of year - 9,000
Amounts repaid - (9,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

P Brand
Balance outstanding at start of year - 9,000
Amounts repaid - (9,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -