IRIS Accounts Production v23.4.0.336 10868031 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108680312022-07-31108680312023-07-31108680312022-08-012023-07-31108680312021-07-31108680312021-08-012022-07-31108680312022-07-3110868031ns15:EnglandWales2022-08-012023-07-3110868031ns14:PoundSterling2022-08-012023-07-3110868031ns10:Director12022-08-012023-07-3110868031ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3110868031ns10:SmallEntities2022-08-012023-07-3110868031ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3110868031ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3110868031ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3110868031ns10:AbridgedAccounts2022-08-012023-07-3110868031ns10:Director22022-08-012023-07-3110868031ns10:RegisteredOffice2022-08-012023-07-3110868031ns5:CurrentFinancialInstruments2023-07-3110868031ns5:CurrentFinancialInstruments2022-07-3110868031ns5:Non-currentFinancialInstruments2023-07-3110868031ns5:Non-currentFinancialInstruments2022-07-3110868031ns5:ShareCapital2023-07-3110868031ns5:ShareCapital2022-07-3110868031ns5:RetainedEarningsAccumulatedLosses2023-07-3110868031ns5:RetainedEarningsAccumulatedLosses2022-07-3110868031ns5:PlantMachinery2022-08-012023-07-3110868031ns5:FurnitureFittings2022-08-012023-07-3110868031ns5:ComputerEquipment2022-08-012023-07-31108680311ns10:Director12022-07-31108680311ns10:Director12021-07-31108680311ns10:Director12022-08-012023-07-31108680311ns10:Director12021-08-012022-07-31108680311ns10:Director12023-07-31108680311ns10:Director12022-07-3110868031ns10:Director222022-07-3110868031ns10:Director222021-07-3110868031ns10:Director222022-08-012023-07-3110868031ns10:Director222021-08-012022-07-3110868031ns10:Director222023-07-3110868031ns10:Director222022-07-31
REGISTERED NUMBER: 10868031 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

SOUTH COAST FIRE SPRINKLERS LTD

SOUTH COAST FIRE SPRINKLERS LTD (REGISTERED NUMBER: 10868031)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SOUTH COAST FIRE SPRINKLERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr G R Way
Mrs E J Way





REGISTERED OFFICE: Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT





REGISTERED NUMBER: 10868031 (England and Wales)





ACCOUNTANTS: Newton Magnus
Chartered Certified Accountants
Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT

SOUTH COAST FIRE SPRINKLERS LTD (REGISTERED NUMBER: 10868031)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,569 5,816

CURRENT ASSETS
Stocks 33,592 84,823
Debtors 64,751 122,039
Cash at bank 31,559 12,675
129,902 219,537
CREDITORS
Amounts falling due within one year (60,993 ) (79,428 )
NET CURRENT ASSETS 68,909 140,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,478

145,925

CREDITORS
Amounts falling due after more than
one year

(15,833

)

(18,958

)

PROVISIONS FOR LIABILITIES (459 ) (412 )
NET ASSETS 57,186 126,555

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,086 126,455
SHAREHOLDERS' FUNDS 57,186 126,555

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.

SOUTH COAST FIRE SPRINKLERS LTD (REGISTERED NUMBER: 10868031)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 April 2024 and were signed on its behalf by:





Mr G R Way - Director


SOUTH COAST FIRE SPRINKLERS LTD (REGISTERED NUMBER: 10868031)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

South Coast Fire Sprinklers Ltd 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.

Turnover
Turnover represents the value of goods and services supplied by the company during the year, excluding 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


SOUTH COAST FIRE SPRINKLERS LTD (REGISTERED NUMBER: 10868031)

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
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 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 10,628
Additions 274
At 31 July 2023 10,902
DEPRECIATION
At 1 August 2022 4,812
Charge for year 1,521
At 31 July 2023 6,333
NET BOOK VALUE
At 31 July 2023 4,569
At 31 July 2022 5,816

SOUTH COAST FIRE SPRINKLERS LTD (REGISTERED NUMBER: 10868031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr G R Way
Balance outstanding at start of year - -
Amounts advanced 1,320 -
Amounts repaid (1,153 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 167 -

Mrs E J Way
Balance outstanding at start of year - -
Amounts advanced 712 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 712 -