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REGISTERED NUMBER: 07397941 (England and Wales)













CONCEPT FIRE & ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022






CONCEPT FIRE & ELECTRICAL LIMITED (REGISTERED NUMBER: 07397941)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CONCEPT FIRE & ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTORS: N J Kelly
C Sweeney





REGISTERED OFFICE: Unit 2 Atlantic Point
Atlantic Trading Estate
Barry
CF63 3AA





REGISTERED NUMBER: 07397941 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

CONCEPT FIRE & ELECTRICAL LIMITED (REGISTERED NUMBER: 07397941)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 279,917 303,417

CURRENT ASSETS
Stocks 6,500 6,500
Debtors 5 1,223,987 1,174,104
Cash at bank 1,013,139 548,350
2,243,626 1,728,954
CREDITORS
Amounts falling due within one year 6 1,795,022 1,199,136
NET CURRENT ASSETS 448,604 529,818
TOTAL ASSETS LESS CURRENT LIABILITIES 728,521 833,235

CREDITORS
Amounts falling due after more than one
year

7

297,437

385,204
NET ASSETS 431,084 448,031

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 430,984 447,931
SHAREHOLDERS' FUNDS 431,084 448,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

CONCEPT FIRE & ELECTRICAL LIMITED (REGISTERED NUMBER: 07397941)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





N J Kelly - Director


CONCEPT FIRE & ELECTRICAL LIMITED (REGISTERED NUMBER: 07397941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022


1. STATUTORY INFORMATION

Concept Fire & Electrical 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.
Freehold property - 2% on reducing balance
Plant and machinery - 25% straight line on cost
Motor vehicles - 25% straight line on cost
Computer equipment - 25% straight line on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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 26 (2021 - 30 ) .

CONCEPT FIRE & ELECTRICAL LIMITED (REGISTERED NUMBER: 07397941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£ £ £ £ £
COST
At 1 December 2021 213,797 10,130 288,848 25,659 538,434
Additions - - 26,750 - 26,750
At 30 November 2022 213,797 10,130 315,598 25,659 565,184
DEPRECIATION
At 1 December 2021 3,428 10,130 201,219 20,240 235,017
Charge for year 1,097 - 44,941 4,212 50,250
At 30 November 2022 4,525 10,130 246,160 24,452 285,267
NET BOOK VALUE
At 30 November 2022 209,272 - 69,438 1,207 279,917
At 30 November 2021 210,369 - 87,629 5,419 303,417

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 December 2021
and 30 November 2022 288,848
DEPRECIATION
At 1 December 2021 201,219
Charge for year 38,253
At 30 November 2022 239,472
NET BOOK VALUE
At 30 November 2022 49,376
At 30 November 2021 87,629

5. DEBTORS
2022 2021
£ £
Amounts falling due within one year:
Trade debtors 606,925 667,955
Other debtors 17,066 106,151
623,991 774,106

CONCEPT FIRE & ELECTRICAL LIMITED (REGISTERED NUMBER: 07397941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


5. DEBTORS - continued
2022 2021
£ £
Amounts falling due after more than one year:
Other debtors 599,996 399,998

Aggregate amounts 1,223,987 1,174,104

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Bank loans and overdrafts 46,559 46,559
Hire purchase contracts 34,458 34,458
Trade creditors 236,946 265,577
Taxation and social security 62,762 7,052
Other creditors 1,414,297 845,490
1,795,022 1,199,136

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£ £
Bank loans 189,065 240,423
Hire purchase contracts 108,372 144,781
297,437 385,204

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£ £
Bank loans 235,624 286,982
Hire purchase contracts 142,830 179,239
378,454 466,221

The loans in respect of hire purchase agreements are secured against the assets to which they relate.

The bank loan balances are secured by way of fixed charges over the leasehold property known as Unit 2, Atlantic Point, Plot 3B Atlantic Trading Estate.

The bank loan balances are also secured by way of a floating charge over all the other property, assets and rights owned now or in the future which are not subject to an effective fixed charge.

CONCEPT FIRE & ELECTRICAL LIMITED (REGISTERED NUMBER: 07397941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2022 and 30 November 2021:

2022 2021
£ £
N J Kelly
Balance outstanding at start of year (962 ) 39,033
Amounts advanced 133,215 63,742
Amounts repaid (122,121 ) (103,737 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,132 (962 )

C Sweeney
Balance outstanding at start of year (887 ) 39,053
Amounts advanced 133,228 63,743
Amounts repaid (121,469 ) (103,683 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,872 (887 )

As at the year end the company directors owed the company £21,004.

The loan is repayable on demand and interest (2% p.a.) of £2,017 was charged by the company during the
year.

The overdrawn loan accounts were repaid within nine months of the company year end.