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REGISTERED NUMBER: 08196984 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 AUGUST 2023

FOR

RELIANCE FIRETECH LTD.

RELIANCE FIRETECH LTD. (REGISTERED NUMBER: 08196984)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RELIANCE FIRETECH LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 AUGUST 2023







DIRECTOR: M A Barber





REGISTERED OFFICE: Unit 4A Coombs Wood Business Park East
Halesowen
Birmingham
West Midlands
B62 8BH





REGISTERED NUMBER: 08196984 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

RELIANCE FIRETECH LTD. (REGISTERED NUMBER: 08196984)

BALANCE SHEET
30 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,394 54,201

CURRENT ASSETS
Stocks 18,000 18,000
Debtors 5 429,321 497,377
Cash at bank 283,194 48,726
730,515 564,103
CREDITORS
Amounts falling due within one year 6 458,953 383,582
NET CURRENT ASSETS 271,562 180,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,956

234,722

CREDITORS
Amounts falling due after more than one
year

7

(19,909

)

(30,217

)

PROVISIONS FOR LIABILITIES (14,848 ) (10,298 )
NET ASSETS 296,199 194,207

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 296,099 194,107
SHAREHOLDERS' FUNDS 296,199 194,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RELIANCE FIRETECH LTD. (REGISTERED NUMBER: 08196984)

BALANCE SHEET - continued
30 AUGUST 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 director and authorised for issue on 18 April 2024 and were signed by:





M A Barber - Director


RELIANCE FIRETECH LTD. (REGISTERED NUMBER: 08196984)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2023


1. STATUTORY INFORMATION

Reliance Firetech 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax arising from the sale and supply fire extinguishers together with maintenance services. Income is recognised on despatch of goods or on delivery of a service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Cost is defined as the initial purchase price of parts and raw materials, including import duties, handling costs and delivery costs incurred.
Net realisable value is the estimated proceeds from the sale of items of stock, less all further costs to be incurred in marketing, selling and distributing the items in question.

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.

RELIANCE FIRETECH LTD. (REGISTERED NUMBER: 08196984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 August 2022 8,960 11,060 70,826 1,397 92,243
Additions 13,750 3,172 - 4,739 21,661
At 30 August 2023 22,710 14,232 70,826 6,136 113,904
DEPRECIATION
At 31 August 2022 4,394 2,002 30,998 648 38,042
Charge for year 2,573 2,752 9,957 1,186 16,468
At 30 August 2023 6,967 4,754 40,955 1,834 54,510
NET BOOK VALUE
At 30 August 2023 15,743 9,478 29,871 4,302 59,394
At 30 August 2022 4,566 9,058 39,828 749 54,201

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 236,077 241,633
Amounts owed by participating interests 193,244 255,744
429,321 497,377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,741 9,543
Trade creditors 74,487 102,011
Taxation and social security 88,115 49,842
Other creditors 285,610 222,186
458,953 383,582

RELIANCE FIRETECH LTD. (REGISTERED NUMBER: 08196984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,909 30,217