IRIS Accounts Production v24.1.0.578 07463116 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074631162022-12-31074631162023-12-31074631162023-01-012023-12-31074631162021-12-31074631162022-01-012022-12-31074631162022-12-3107463116ns15:EnglandWales2023-01-012023-12-3107463116ns14:PoundSterling2023-01-012023-12-3107463116ns10:Director12023-01-012023-12-3107463116ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107463116ns10:SmallEntities2023-01-012023-12-3107463116ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107463116ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107463116ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107463116ns10:FullAccounts2023-01-012023-12-3107463116ns10:OrdinaryShareClass12023-01-012023-12-3107463116ns10:Director22023-01-012023-12-3107463116ns10:Director32023-01-012023-12-3107463116ns10:RegisteredOffice2023-01-012023-12-3107463116ns5:CurrentFinancialInstruments2023-12-3107463116ns5:CurrentFinancialInstruments2022-12-3107463116ns5:Non-currentFinancialInstruments2023-12-3107463116ns5:Non-currentFinancialInstruments2022-12-3107463116ns5:ShareCapital2023-12-3107463116ns5:ShareCapital2022-12-3107463116ns5:RetainedEarningsAccumulatedLosses2023-12-3107463116ns5:RetainedEarningsAccumulatedLosses2022-12-3107463116ns5:PlantMachinery2023-01-012023-12-3107463116ns5:FurnitureFittings2023-01-012023-12-3107463116ns5:MotorVehicles2023-01-012023-12-3107463116ns5:PlantMachinery2022-12-3107463116ns5:FurnitureFittings2022-12-3107463116ns5:MotorVehicles2022-12-3107463116ns5:PlantMachinery2023-12-3107463116ns5:FurnitureFittings2023-12-3107463116ns5:MotorVehicles2023-12-3107463116ns5:PlantMachinery2022-12-3107463116ns5:FurnitureFittings2022-12-3107463116ns5:MotorVehicles2022-12-3107463116ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107463116ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107463116ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 07463116 (England and Wales)














AMSCO FIRE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






AMSCO FIRE LTD (REGISTERED NUMBER: 07463116)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


AMSCO FIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr K R Haines
Mrs M M Haines
Mr J Haines





REGISTERED OFFICE: Landgate Chambers
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: 07463116 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

AMSCO FIRE LTD (REGISTERED NUMBER: 07463116)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,785 15,871

CURRENT ASSETS
Stocks 42,739 49,368
Debtors 5 310,390 95,972
Cash at bank and in hand 14,906 8,403
368,035 153,743
CREDITORS
Amounts falling due within one year 6 219,417 85,726
NET CURRENT ASSETS 148,618 68,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,403

83,888

CREDITORS
Amounts falling due after more than
one year

7

(53,597

)

(38,383

)

PROVISIONS FOR LIABILITIES (3,946 ) (3,968 )
NET ASSETS 106,860 41,537

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 106,760 41,437
SHAREHOLDERS' FUNDS 106,860 41,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

AMSCO FIRE LTD (REGISTERED NUMBER: 07463116)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 29th April 2024 and were signed on its behalf by:





Mr K R Haines - Director


AMSCO FIRE LTD (REGISTERED NUMBER: 07463116)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Amsco Fire 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

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.

AMSCO FIRE LTD (REGISTERED NUMBER: 07463116)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2023 5,272 13,546 52,397 71,215
Additions 140 5,283 - 5,423
Disposals - - (7,900 ) (7,900 )
At 31st December 2023 5,412 18,829 44,497 68,738
DEPRECIATION
At 1st January 2023 2,376 9,834 43,134 55,344
Charge for year 445 1,345 1,844 3,634
Eliminated on disposal - - (6,025 ) (6,025 )
At 31st December 2023 2,821 11,179 38,953 52,953
NET BOOK VALUE
At 31st December 2023 2,591 7,650 5,544 15,785
At 31st December 2022 2,896 3,712 9,263 15,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 231,346 61,312
Other debtors 79,044 34,660
310,390 95,972

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 43,095 19,510
Trade creditors 152,047 20,114
Taxation and social security 11,613 8,508
Other creditors 12,662 37,594
219,417 85,726

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,160 24,946
Other creditors 33,437 13,437
53,597 38,383

AMSCO FIRE LTD (REGISTERED NUMBER: 07463116)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100