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REGISTERED NUMBER: 08592317 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2023

for

FR Safety & Training Limited

FR Safety & Training Limited (Registered number: 08592317)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FR Safety & Training Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S J Challenor
M J Challenor





SECRETARY: S J Challenor





REGISTERED OFFICE: 12 The Strand
Redcar
Cleveland
TS10 2QG





REGISTERED NUMBER: 08592317 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

FR Safety & Training Limited (Registered number: 08592317)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 3 5,000 5,000
Tangible assets 4 14,453 15,022
19,453 20,022

CURRENT ASSETS
Debtors 5 12,015 34,734
Cash at bank 1,826 18,136
13,841 52,870
CREDITORS
Amounts falling due within one year 6 (6,353 ) (14,048 )
NET CURRENT ASSETS 7,488 38,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,941

58,844

CREDITORS
Amounts falling due after more than one year 7 (9,139 ) (14,265 )
NET ASSETS 17,802 44,579

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,702 44,479
17,802 44,579

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.

FR Safety & Training Limited (Registered number: 08592317)

Balance Sheet - continued
31 July 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 19 April 2024 and were signed on its behalf by:





S J Challenor - Director


FR Safety & Training Limited (Registered number: 08592317)

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

1. 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.

GOODWILL
Goodwill of £5,000, being the amount paid in connection with the acquisition of a business, is not being amortised.

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
Motor vehicles - 25% on reducing balance
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FR Safety & Training Limited (Registered number: 08592317)

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

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 5,000
NET BOOK VALUE
At 31 July 2023 5,000
At 31 July 2022 5,000

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 22,435 23,561 2,581 48,577
Additions 5,217 - 499 5,716
At 31 July 2023 27,652 23,561 3,080 54,293
DEPRECIATION
At 1 August 2022 13,359 19,811 385 33,555
Charge for year 4,773 938 574 6,285
At 31 July 2023 18,132 20,749 959 39,840
NET BOOK VALUE
At 31 July 2023 9,520 2,812 2,121 14,453
At 31 July 2022 9,076 3,750 2,196 15,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,015 34,734

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 5,027 4,901
Corporation tax - 8,150
Directors' current accounts 117 98
Accrued expenses 1,209 899
6,353 14,048

FR Safety & Training Limited (Registered number: 08592317)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 9,139 14,265

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,027 4,901

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,155 5,025

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,984 9,240