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REGISTERED NUMBER: 05398978 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Flamefast Holdings Limited

Flamefast Holdings Limited (Registered number: 05398978)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Statement of Directors' Responsibilities 10

Independent Chartered Accountants' Review Report 11


Flamefast Holdings Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S Swinden
Mrs J Warburton
Mrs C Swinden





SECRETARY: S Swinden





REGISTERED OFFICE: 8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW





REGISTERED NUMBER: 05398978 (England and Wales)





ACCOUNTANTS: Nick Brajkovich Limited
Chartered Accountants
29 Withers Avenue
Warrington
Cheshire
WA2 8EU

Flamefast Holdings Limited (Registered number: 05398978)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,515 28,230
Investments 5 629,663 629,663
655,178 657,893

CURRENT ASSETS
Debtors 6 187,425 168,425

CREDITORS
Amounts falling due within one year 7 5,667 2,181
NET CURRENT ASSETS 181,758 166,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

836,936

824,137

CAPITAL AND RESERVES
Called up share capital 46 46
Retained earnings 8 836,890 824,091
SHAREHOLDERS' FUNDS 836,936 824,137

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

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

Flamefast Holdings Limited (Registered number: 05398978)

Balance Sheet - continued
31 May 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 8 February 2024 and were signed on its behalf by:




S Swinden - Director



Mrs J Warburton - Director


Flamefast Holdings Limited (Registered number: 05398978)

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

1. STATUTORY INFORMATION

Flamefast Holdings 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets
Amortisation is provided at the following annual rates ir order to write off each asset over its estimated useful life.

Patents and licences - 5% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Flamefast Holdings Limited (Registered number: 05398978)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

Provisions
A provision is recognised in the balance sheet when the company has a constructive or legal obligation as a result of a past event and it is probable that an outflow of economic benefit will be required to settle the obligation. Provisions are recognised at their discounted net present value.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 June 2022
and 31 May 2023 54,297
AMORTISATION
At 1 June 2022 26,067
Amortisation for year 2,715
At 31 May 2023 28,782
NET BOOK VALUE
At 31 May 2023 25,515
At 31 May 2022 28,230

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 629,663
NET BOOK VALUE
At 31 May 2023 629,663
At 31 May 2022 629,663

Flamefast Holdings Limited (Registered number: 05398978)

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

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Flamefast (UK) Limited
Registered office:
Nature of business: Gas fired equipment for educational sector.
%
Class of shares: holding
Ordinary 'A' 100.00
Ordinary 'B' 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 1,562,760 1,399,260
Profit for the year 311,462 1,312,729

Kitchensafe UK Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

Scotmech Engineering Limited
Registered office:
Nature of business: Supply of technology education equipment.
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 187,548 180,703
Profit for the year 8,450 112,350

Flamefast Fire Systems Holdings Limited
Registered office:
Nature of business: Holding Company
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

Flamefast Holdings Limited (Registered number: 05398978)

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

5. FIXED ASSET INVESTMENTS - continued

Flamefast Education Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

Flamefast Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

Flamefast FM Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

Flamefast Gas Safety Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

Technology Supplies Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

Flamefast Holdings Limited (Registered number: 05398978)

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

5. FIXED ASSET INVESTMENTS - continued

Flamefast Technology Supplies Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

Technology Supplies Flamefast Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

Flamefast Controls (U.K.) Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

Flamefast Controls Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

Flamefast Fire Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 1 1

Flamefast Holdings Limited (Registered number: 05398978)

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

5. FIXED ASSET INVESTMENTS - continued

Flamefast Gas Solutions Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 100 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed by group undertakings 187,425 118,425
Prepayments - 50,000
187,425 168,425

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed to group undertakings 1,201 1,201
Tax 3,749 263
Directors' loan accounts 717 717
5,667 2,181

8. RESERVES
Retained
earnings
£   

At 1 June 2022 824,091
Profit for the year 151,001
Dividends (138,202 )
At 31 May 2023 836,890

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Swinden.

Flamefast Holdings Limited (Registered number: 05398978)

Statement of Directors' Responsibilities
for the Year Ended 31 May 2023


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


ON BEHALF OF THE BOARD:




S Swinden - Director



Mrs J Warburton - Director

8 February 2024

Independent Chartered Accountants' Review Report to the Directors of
Flamefast Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of Flamefast Holdings Limited for the year ended 31 May 2023, which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Directors' responsibility for the financial statements
As explained more fully in the Statement of Directors' Responsibilities set out on page twelve, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility
Our responsibility is to express a conclusion on the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF (Revised) 'Assurance review engagements on historical financial statements'. ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics and the FRC's Ethical Standard, as applicable.

Scope of the assurance review
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures, primarily consisting of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

- so as to give a true and fair view of the state of the company's affairs as at 31 May 2023 and of its profit for the year then ended;
- in accordance with United Kingdom Generally Accepted Accounting Practice; and
- in accordance with the requirements of the Companies Act 2006.

Use of our report
This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in a reviewer's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report, or for the conclusions we have formed.




Nick Brajkovich Limited
Chartered Accountants
29 Withers Avenue
Warrington
Cheshire
WA2 8EU


8 February 2024