1 September 2022 v2024.6.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP081961022022-09-012023-08-31081961022023-08-31081961022022-08-3108196102core:WithinOneYear2023-08-3108196102core:WithinOneYear2022-08-3108196102core:AfterOneYear2023-08-3108196102core:AfterOneYear2022-08-3108196102core:ShareCapital2023-08-3108196102core:ShareCapital2022-08-3108196102core:RetainedEarningsAccumulatedLosses2023-08-3108196102core:RetainedEarningsAccumulatedLosses2022-08-3108196102bus:Director12022-09-012023-08-3108196102bus:RegisteredOffice2022-09-012023-08-3108196102core:MotorVehicles2022-09-012023-08-3108196102core:OfficeEquipment2022-09-012023-08-3108196102core:FurnitureFittings2022-09-012023-08-3108196102core:PlantMachinery2022-09-012023-08-31081961022021-09-012022-08-3108196102core:PlantMachinery2022-09-0108196102core:PlantMachinery2023-08-3108196102core:PlantMachinery2022-08-310819610212022-09-012023-08-3108196102countries:EnglandWales2022-09-012023-08-3108196102bus:AuditExemptWithAccountantsReport2022-09-012023-08-3108196102bus:PrivateLimitedCompanyLtd2022-09-012023-08-3108196102bus:SmallEntities2022-09-012023-08-3108196102bus:FullAccounts2022-09-012023-08-31
Company registration number:
08196102
Fire Equipment Maintenance Limited
Unaudited Filleted Financial Statements for the year ended
31 August 2023
Sandwell Accountancy Services Limited
Certified Public Accountants
Old Bank Buildings, Upper High Street, Cradley Heath, West Midlands, B64 5HY, United Kingdom
Fire Equipment Maintenance Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Fire Equipment Maintenance Limited
Year ended
31 August 2023
In order to assist you to fulfil our duties under the Companies Act 2006, we have prepared for your approval the accounts of Fire Equipment Maintenance Limited for the year ended 31 August 2023, from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Certified Public Accountants, we are subject to its ethical and other professional requirements.
This report is made solely to the Board of Directors of Fire Equipment Maintenance Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Fire Equipment Maintenance Limited and state those matters that we have agreed to state to the Board of Directors of Fire Equipment Maintenance Limited, as a body, in this report in accordance with the requirements of the Association of Certified Public Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fire Equipment Maintenance Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Fire Equipment Maintenance Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Fire Equipment Maintenance Limited. You consider that Fire Equipment Maintenance Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts Fire Equipment Maintenance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Sandwell Accountancy Services Limited
Certified Public Accountants
Old Bank Buildings
Upper High Street
Cradley Heath
West Midlands
B64 5HY
United Kingdom
Fire Equipment Maintenance Limited
Statement of Financial Position
31 August 2023
20232022
Note££
Fixed assets    
Tangible assets 5
9,210
 
10,720
 
Current assets    
Debtors 6
184,255
 
163,532
 
Cash at bank and in hand
10,334
 
20,925
 
194,589
 
184,457
 
Creditors: amounts falling due within one year 7
(189,604
)
(130,141
)
Net current assets
4,985
 
54,316
 
Total assets less current liabilities 14,195   65,036  
Creditors: amounts falling due after more than one year 8
(16,897
)
(26,491
)
Net (liabilities)/assets
(2,702
)
38,545
 
Capital and reserves    
Called up share capital
110
 
110
 
Profit and loss account
(2,812
)
38,435
 
Shareholders (deficit)/funds
(2,702
)
38,545
 
For the year ending
31 August 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 February 2024
, and are signed on behalf of the board by:
Mr A Beale
Director
Company registration number:
08196102
Fire Equipment Maintenance Limited
Notes to the Financial Statements
Year ended
31 August 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Old Bank Buildings
,
Upper High Street
,
Cradley Heath
,
West Midlands
,
B64 5HY
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
20% reducing balance
Office equipment
20% reducing balance
Fixtures and fittings
20% reducing balance
Plant and machinery
20% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
12
(2022:
12.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 September 2022
43,303
 
Additions
792
 
At
31 August 2023
44,095
 
Depreciation  
At
1 September 2022
32,583
 
Charge
2,302
 
At
31 August 2023
34,885
 
Carrying amount  
At
31 August 2023
9,210
 
At 31 August 2022
10,720
 

6 Debtors

20232022
££
Trade debtors
184,255
 
163,532
 
The debtors above include the following amounts falling due after more than one year:
20232022
££
Trade debtors -  
163,532
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
11,000
 
11,000
 
Trade creditors
115,734
 
34,769
 
Taxation and social security
58,642
 
80,177
 
Other creditors
4,228
 
4,195
 
189,604
 
130,141
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
16,897
 
26,491