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REGISTERED NUMBER: 01262749 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Basingstoke Fire Protection Limited

Basingstoke Fire Protection Limited (Registered number: 01262749)






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


Basingstoke Fire Protection Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S R B Foster
M K Foster





SECRETARY: S R B Foster





REGISTERED OFFICE: Unit 6
Hackwood Business Park
Water End Lane
Basingstoke
Hampshire
RG24 7BA





REGISTERED NUMBER: 01262749 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Basingstoke Fire Protection Limited (Registered number: 01262749)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 50,642 67,265

CURRENT ASSETS
Stocks 14,466 24,401
Debtors 5 131,049 190,526
Cash in hand 102 20
145,617 214,947
CREDITORS
Amounts falling due within one year 6 (221,700 ) (247,290 )
NET CURRENT LIABILITIES (76,083 ) (32,343 )
TOTAL ASSETS LESS CURRENT LIABILITIES (25,441 ) 34,922

CREDITORS
Amounts falling due after more than one year 7 (72,584 ) (95,498 )

PROVISIONS FOR LIABILITIES (9,622 ) (12,780 )
NET LIABILITIES (107,647 ) (73,356 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (107,747 ) (73,456 )
SHAREHOLDERS' FUNDS (107,647 ) (73,356 )

Basingstoke Fire Protection Limited (Registered number: 01262749)

Balance Sheet - continued
31 July 2023


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 6 November 2023 and were signed on its behalf by:





M K Foster - Director


Basingstoke Fire Protection Limited (Registered number: 01262749)

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

1. STATUTORY INFORMATION

Basingstoke Fire Protection Limited 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.

The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods and services in the ordinary nature of the business. Turnover is shown net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks
Stock, which relates to finished goods, is valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.


Basingstoke Fire Protection Limited (Registered number: 01262749)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 135,207
DEPRECIATION
At 1 August 2022 67,942
Charge for year 16,623
At 31 July 2023 84,565
NET BOOK VALUE
At 31 July 2023 50,642
At 31 July 2022 67,265

Basingstoke Fire Protection Limited (Registered number: 01262749)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 99,344
DEPRECIATION
At 1 August 2022 37,197
Charge for year 16,235
At 31 July 2023 53,432
NET BOOK VALUE
At 31 July 2023 45,912
At 31 July 2022 62,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 128,103 96,622
Other debtors 2,946 93,904
131,049 190,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 61,474 72,962
Hire purchase contracts (see note 8) 13,584 11,783
Trade creditors 69,264 78,583
Taxation and social security 62,985 74,428
Other creditors 14,393 9,534
221,700 247,290

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts (see note 8) 43,581 57,165
Other creditors 29,003 38,333
72,584 95,498

Basingstoke Fire Protection Limited (Registered number: 01262749)

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

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.7.23 31.7.22
£    £   
Net obligations repayable:
Within one year 13,584 11,783
Between one and five years 43,581 57,165
57,165 68,948

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 57,165 68,948

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
£    £   
S R B Foster
Balance outstanding at start of year 23,688 23,224
Amounts advanced - 464
Amounts repaid - -
Amounts written off - -
Amounts waived (23,688 ) -
Balance outstanding at end of year - 23,688

M K Foster
Balance outstanding at start of year 23,262 22,806
Amounts advanced - 456
Amounts repaid - -
Amounts written off - -
Amounts waived (23,262 ) -
Balance outstanding at end of year - 23,262

K R B Foster and B A Foster
Balance outstanding at start of year 18,751 18,383
Amounts advanced - 368
Amounts repaid - -
Amounts written off - -
Amounts waived (18,751 ) -
Balance outstanding at end of year - 18,751

11. ULTIMATE CONTROLLING PARTY

The company is owned and controlled by its directors.