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REGISTERED NUMBER: 08411366 (England and Wales)












Financial Statements

for the Year Ended 28th February 2023

for

FIRECHECK SPRINKLERS LIMITED

FIRECHECK SPRINKLERS LIMITED (REGISTERED NUMBER: 08411366)

Contents of the Financial Statements
for the year ended 28th February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIRECHECK SPRINKLERS LIMITED

Company Information
for the year ended 28th February 2023







DIRECTORS: M R Dunbar
Miss N Hawkins





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 08411366 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

FIRECHECK SPRINKLERS LIMITED (REGISTERED NUMBER: 08411366)

Balance Sheet
28th February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,989 6,495

CURRENT ASSETS
Debtors 5 64,577 64,851

CREDITORS
Amounts falling due within one year 6 48,819 42,562
NET CURRENT ASSETS 15,758 22,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,747

28,784

CREDITORS
Amounts falling due after more than one year 7 (17,444 ) (26,665 )

PROVISIONS FOR LIABILITIES (948 ) (1,286 )
NET ASSETS 2,355 833

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,255 733
SHAREHOLDERS' FUNDS 2,355 833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

FIRECHECK SPRINKLERS LIMITED (REGISTERED NUMBER: 08411366)

Balance Sheet - continued
28th February 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 24th May 2023 and were signed on its behalf by:





Miss N Hawkins - Director


FIRECHECK SPRINKLERS LIMITED (REGISTERED NUMBER: 08411366)

Notes to the Financial Statements
for the year ended 28th February 2023


1. STATUTORY INFORMATION

FIRECHECK SPRINKLERS LIMITED 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 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

FIRECHECK SPRINKLERS LIMITED (REGISTERED NUMBER: 08411366)

Notes to the Financial Statements - continued
for the year ended 28th February 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st March 2022 160 145 10,499 1,529 12,333
Additions - - - 161 161
At 28th February 2023 160 145 10,499 1,690 12,494
DEPRECIATION
At 1st March 2022 151 136 4,519 1,032 5,838
Charge for year 3 3 1,495 166 1,667
At 28th February 2023 154 139 6,014 1,198 7,505
NET BOOK VALUE
At 28th February 2023 6 6 4,485 492 4,989
At 28th February 2022 9 9 5,980 497 6,495

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st March 2022
and 28th February 2023 10,499
DEPRECIATION
At 1st March 2022 4,519
Charge for year 1,495
At 28th February 2023 6,014
NET BOOK VALUE
At 28th February 2023 4,485
At 28th February 2022 5,980

FIRECHECK SPRINKLERS LIMITED (REGISTERED NUMBER: 08411366)

Notes to the Financial Statements - continued
for the year ended 28th February 2023


5. DEBTORS
28/2/23 28/2/22
£    £   
Amounts falling due within one year:
Trade debtors 10,207 10,160
Directors' current accounts 27,964 31,749
Social security
and other taxes 15,914 13,113
VAT 663 -
54,748 55,022

Amounts falling due after more than one year:
Corporation tax 9,829 9,829

Aggregate amounts 64,577 64,851

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts (see note 8) 28,906 20,911
Hire purchase contracts 2,221 2,221
Tax 13,648 13,275
VAT - 1,616
Accrued expenses 4,044 4,539
48,819 42,562

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Bank loans (see note 8) 16,333 23,333
Hire purchase contracts 1,111 3,332
17,444 26,665

8. LOANS

An analysis of the maturity of loans is given below:

28/2/23 28/2/22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 21,906 13,911
Bank loans 7,000 7,000
28,906 20,911

FIRECHECK SPRINKLERS LIMITED (REGISTERED NUMBER: 08411366)

Notes to the Financial Statements - continued
for the year ended 28th February 2023


8. LOANS - continued
28/2/23 28/2/22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 7,000 7,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,333 16,333

9. SECURED DEBTS

The following secured debts are included within creditors:

28/2/23 28/2/22
£    £   
Bank overdrafts 21,906 13,911
Bank loans 23,333 30,333
45,239 44,244

The bank overdraft and loan are secured by way of a personal guarantee from the company's directors.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/23 28/2/22
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28th February 2023 and 28th February 2022:

28/2/23 28/2/22
£    £   
M R Dunbar and Miss N Hawkins
Balance outstanding at start of year 31,749 47,735
Amounts repaid (3,785 ) (15,986 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,964 31,749