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Registration number: 13476929

Fire Dynamics Group Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Fire Dynamics Group Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

Accountants' Report

7

 

Fire Dynamics Group Ltd

Company Information

Directors

Mr Sam William Bennett

Mr John O'Neill

Miss Rachel Edgar

Mr Thomas Patrick O'Driscoll

Registered office

167-169 Great Portland Street
5th Floor
London
W1W 5PF

Accountants

Yates & Co CA
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

 

Fire Dynamics Group Ltd

(Registration number: 13476929)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

5,498

5,567

Current assets

 

Debtors

5

213,425

56,180

Cash at bank and in hand

 

80,160

55,811

 

293,585

111,991

Creditors: Amounts falling due within one year

6

(153,783)

(68,886)

Net current assets

 

139,802

43,105

Total assets less current liabilities

 

145,300

48,672

Provisions for liabilities

(1,045)

(1,058)

Net assets

 

144,255

47,614

Capital and reserves

 

Called up share capital

300

300

Retained earnings

143,955

47,314

Shareholders' funds

 

144,255

47,614

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 November 2023 and signed on its behalf by:
 

.........................................
Mr Sam William Bennett
Director

 

Fire Dynamics Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Fire Dynamics Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

Straight line at 33%

Fixtures & Fittings

Reducing balance at 25%

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 

3

Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 3).

 

Fire Dynamics Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 July 2022

253

8,056

8,309

Additions

-

3,990

3,990

At 30 June 2023

253

12,046

12,299

Depreciation

At 1 July 2022

84

2,658

2,742

Charge for the year

83

3,976

4,059

At 30 June 2023

167

6,634

6,801

Carrying amount

At 30 June 2023

86

5,412

5,498

At 30 June 2022

169

5,398

5,567

5

Debtors

Current

2023
£

2022
£

Trade debtors

202,468

48,900

Prepayments

10,957

7,280

 

213,425

56,180

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

135,860

35,128

Other creditors

17,923

33,758

153,783

68,886

 

Fire Dynamics Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

7

Related party transactions

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

Year ended 30 June 2023
 £

25 June 2021 to 30 June 2022
 £

Mr Sam William Bennett

6,421

16,061

Mr John O' Neill

1,910

558

Mr Thomas Patrick O' Driscoll

6,314

4,836

Miss Rachel Edgar

3,218

-

 

17,863

21,455

The maximum balance outstanding during the year amounted to £21,455.

The directors' current accounts are repayable on demand.


 

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Fire Dynamics Group Ltd
for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fire Dynamics Group Ltd for the year ended 30 June 2023 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Fire Dynamics Group Ltd, 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 Dynamics Group Ltd and state those matters that we have agreed to state to the Board of Directors of Fire Dynamics Group Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fire Dynamics Group Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Fire Dynamics Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fire Dynamics Group Ltd. You consider that Fire Dynamics Group Ltd 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 of Fire Dynamics Group Ltd. 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.

......................................

Yates & Co CA
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

8 November 2023