Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-312022-04-01falseNo description of principal activity2121truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04133096 2022-04-01 2023-03-31 04133096 2021-04-01 2022-03-31 04133096 2023-03-31 04133096 2022-03-31 04133096 c:Director3 2022-04-01 2023-03-31 04133096 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 04133096 d:Buildings d:LongLeaseholdAssets 2023-03-31 04133096 d:Buildings d:LongLeaseholdAssets 2022-03-31 04133096 d:PlantMachinery 2022-04-01 2023-03-31 04133096 d:PlantMachinery 2023-03-31 04133096 d:PlantMachinery 2022-03-31 04133096 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04133096 d:MotorVehicles 2022-04-01 2023-03-31 04133096 d:MotorVehicles 2023-03-31 04133096 d:MotorVehicles 2022-03-31 04133096 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04133096 d:FurnitureFittings 2022-04-01 2023-03-31 04133096 d:FurnitureFittings 2023-03-31 04133096 d:FurnitureFittings 2022-03-31 04133096 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04133096 d:ComputerEquipment 2022-04-01 2023-03-31 04133096 d:ComputerEquipment 2023-03-31 04133096 d:ComputerEquipment 2022-03-31 04133096 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04133096 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04133096 d:CurrentFinancialInstruments 2023-03-31 04133096 d:CurrentFinancialInstruments 2022-03-31 04133096 d:Non-currentFinancialInstruments 2023-03-31 04133096 d:Non-currentFinancialInstruments 2022-03-31 04133096 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04133096 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04133096 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04133096 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 04133096 d:ShareCapital 2023-03-31 04133096 d:ShareCapital 2022-03-31 04133096 d:RetainedEarningsAccumulatedLosses 2023-03-31 04133096 d:RetainedEarningsAccumulatedLosses 2022-03-31 04133096 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04133096 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 04133096 d:OtherDeferredTax 2023-03-31 04133096 d:OtherDeferredTax 2022-03-31 04133096 c:OrdinaryShareClass1 2022-04-01 2023-03-31 04133096 c:OrdinaryShareClass1 2023-03-31 04133096 c:OrdinaryShareClass1 2022-03-31 04133096 c:FRS102 2022-04-01 2023-03-31 04133096 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04133096 c:FullAccounts 2022-04-01 2023-03-31 04133096 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04133096 2 2022-04-01 2023-03-31 04133096 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 04133096 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 04133096 d:LeasedAssetsHeldAsLessee 2023-03-31 04133096 d:LeasedAssetsHeldAsLessee 2022-03-31 04133096 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04133096










AMAX FIRE AND SECURITY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023



 
AMAX FIRE AND SECURITY LIMITED
REGISTERED NUMBER: 04133096

BALANCE SHEET
AS AT 31 MARCH 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
51,121
59,657

  
51,121
59,657

Current assets
  

Debtors: amounts falling due within one year
 5 
851,797
430,826

Cash at bank and in hand
 6 
129,285
294,162

  
981,082
724,988

Creditors: amounts falling due within one year
 7 
(828,153)
(641,968)

Net current assets
  
 
 
152,929
 
 
83,020

Total assets less current liabilities
  
204,050
142,677

Creditors: amounts falling due after more than one year
 8 
(22,500)
(38,978)

Deferred tax
 9 
-
(1,694)

  
 
 
-
 
 
(1,694)

Net assets
  
181,550
102,005


Capital and reserves
  

Called up share capital 
 10 
10,100
10,100

Profit and loss account
  
171,450
91,905

  
181,550
102,005


Page 1

 
AMAX FIRE AND SECURITY LIMITED
REGISTERED NUMBER: 04133096

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P Mehta
Director

Date: 18 April 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
AMAX FIRE AND SECURITY LIMITED
 

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

1.


General information

Amax Fire and Security Limited is a private company, limited by share capital and incorporated in England and Wales. 
The company's registered office and principal place of business is Unit B1b, Neptune Road, Harrow, Middlesex, HA1 4HX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
AMAX FIRE AND SECURITY LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
Motor vehicles
-
25%
Fixtures and fittings
-
10%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
AMAX FIRE AND SECURITY LIMITED
 

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

2.Accounting policies (continued)

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loan from banks and other third parties, loan to related parties and investments in ordinary shares

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
AMAX FIRE AND SECURITY LIMITED
 

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

2.Accounting policies (continued)

 
2.15

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2022 - 21).

Page 6

 
AMAX FIRE AND SECURITY LIMITED
 

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

4.


Tangible fixed assets





Leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 April 2022
24,424
6,915
154,726
50,115
88,424


Additions
-
-
-
-
7,716


Disposals
-
-
-
-
(611)



At 31 March 2023

24,424
6,915
154,726
50,115
95,529



Depreciation


At 1 April 2022
24,424
5,275
114,089
45,278
75,881


Charge for the year on owned assets
-
164
10,159
484
4,963


Disposals
-
-
-
-
(129)



At 31 March 2023

24,424
5,439
124,248
45,762
80,715



Net book value



At 31 March 2023
-
1,476
30,478
4,353
14,814



At 31 March 2022
-
1,640
40,637
4,837
12,543
Page 7

 
AMAX FIRE AND SECURITY LIMITED
 

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

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 April 2022
324,604


Additions
7,716


Disposals
(611)



At 31 March 2023

331,709



Depreciation


At 1 April 2022
264,947


Charge for the year on owned assets
15,770


Disposals
(129)



At 31 March 2023

280,588



Net book value



At 31 March 2023
51,121



At 31 March 2022
59,657

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£


Motor vehicles
30,478
40,636

30,478
40,636

Page 8

 
AMAX FIRE AND SECURITY LIMITED
 

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

5.


Debtors

As restated
2023
2022
£
£

Trade debtors
291,734
127,488

Amounts owed by group undertakings
538,733
280,436

Other debtors
21,269
22,902

Deferred taxation
61
-

851,797
430,826



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
129,285
294,162

129,285
294,162



7.


Creditors: Amounts falling due within one year

As restated
2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
214,939
64,812

Corporation tax
-
35,588

Other taxation and social security
208,018
110,389

Obligations under finance lease and hire purchase contracts
6,478
13,222

Other creditors
22,144
28,424

Accruals and deferred income
366,574
379,533

828,153
641,968


Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.

Page 9

 
AMAX FIRE AND SECURITY LIMITED
 

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

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
22,500
32,500

Net obligations under finance leases and hire purchase contracts
-
6,478

22,500
38,978


Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.


9.


Deferred taxation




2023


£






At beginning of year
(1,694)


Charged to profit or loss
1,755



At end of year
61

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(889)
(2,264)

Short term timing differences
950
570

61
(1,694)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,100 (2022 - 10,100) Ordinary shares of £1 each
10,100
10,100



11.


Prior year adjustment

A prior year adjustment has been included in the accounts for the year ended 31 March 2022. The comparative figures have been updated to reclassify the intercompany loan balance from trade debtors and creditors within the Balance Sheet. There were no subsequent adjustments to the profit and loss account.

Page 10

 
AMAX FIRE AND SECURITY LIMITED
 

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

12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £12,903 (2022 - £11,323). Contributions totalling £6,730 (2022 - £5,717) were payable to the fund at the balance sheet date and are included in other creditors.


13.


Related party transactions

At the year end the Company was owed £20,493 (2022: £nil) by Amax Digital Marketing Ltd, a Company under common control.
At the year end the Company owed £nil (2022: £1,152) to Amax Supplies Ltd, a Company that is related by virtue of having common directors and/or shareholders.
As a wholly owned subsidiary, the Company is exempt from disclosing transactions with 100% owned members of the group headed up by Amax Holdings London Ltd, in accordance with FRS102 paragraph 33.1A.


14.


Controlling party

The Company is controlled Amax Holdings London Ltd by virtue of its 100% shareholding.


Page 11