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REGISTERED NUMBER: 08853763 (Wales)















Concept Fire And Security Solutions
Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023






Concept Fire And Security Solutions
Limited (Registered number: 08853763)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Concept Fire And Security Solutions
Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: E F J Smith
S Smith





SECRETARY: S Smith





REGISTERED OFFICE: Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR





REGISTERED NUMBER: 08853763 (Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Concept Fire And Security Solutions
Limited (Registered number: 08853763)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,636 5,572
4,636 5,572

CURRENT ASSETS
Debtors 6 368,646 431,565
Cash at bank and in hand 358,133 248,506
726,779 680,071
CREDITORS
Amounts falling due within one year 7 513,269 346,495
NET CURRENT ASSETS 213,510 333,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,146

339,148

CREDITORS
Amounts falling due after more than one year 8 (164,653 ) (213,392 )

PROVISIONS FOR LIABILITIES (881 ) (1,097 )
NET ASSETS 52,612 124,659

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 52,512 124,559
SHAREHOLDERS' FUNDS 52,612 124,659

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

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

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 23 April 2024 and were signed on its behalf by:



S Smith - Director


Concept Fire And Security Solutions
Limited (Registered number: 08853763)

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

1. STATUTORY INFORMATION

Concept Fire And Security Solutions Limited is a private company, limited by shares , registered in 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on 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.

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
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.

Concept Fire And Security Solutions
Limited (Registered number: 08853763)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 21,939
AMORTISATION
At 1 August 2022
and 31 July 2023 21,939
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 3,935 12,606 16,057 32,598
Additions - - 1,389 1,389
At 31 July 2023 3,935 12,606 17,446 33,987
DEPRECIATION
At 1 August 2022 3,704 9,468 13,854 27,026
Charge for year 185 1,373 767 2,325
At 31 July 2023 3,889 10,841 14,621 29,351
NET BOOK VALUE
At 31 July 2023 46 1,765 2,825 4,636
At 31 July 2022 231 3,138 2,203 5,572

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 184,685 207,173
Other debtors 183,961 224,392
368,646 431,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 29,673 28,462
Trade creditors 190,062 167,098
Taxation and social security 71,006 93,308
Other creditors 222,528 57,627
513,269 346,495

Concept Fire And Security Solutions
Limited (Registered number: 08853763)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 164,653 213,392

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 38,297 86,402

9. RESERVES
Retained
earnings
£   

At 1 August 2022 124,559
Profit for the year 102,953
Dividends (175,000 )
At 31 July 2023 52,512

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.23 31.7.22
£    £   
E F J Smith
Balance outstanding at start of year 68,276 45,147
Amounts advanced 52,257 98,524
Amounts repaid (82,828 ) (75,395 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,705 68,276

S Smith
Balance outstanding at start of year 148,046 153,401
Amounts advanced 90,979 204,181
Amounts repaid (102,252 ) (209,536 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 136,773 148,046