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REGISTERED NUMBER: 07423369 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Flamsafe Limited

Flamsafe Limited (Registered number: 07423369)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Flamsafe Limited (Registered number: 07423369)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 29,562 32,026
Tangible assets 5 3,179 3,422
32,741 35,448

CURRENT ASSETS
Stocks 87,019 57,182
Debtors 6 173,774 200,160
Cash at bank 6,432 20,135
267,225 277,477
CREDITORS
Amounts falling due within one year 7 (193,246 ) (210,338 )
NET CURRENT ASSETS 73,979 67,139
TOTAL ASSETS LESS CURRENT LIABILITIES 106,720 102,587

CREDITORS
Amounts falling due after more than one
year

8

(12,730

)

(21,936

)
NET ASSETS 93,990 80,651

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,890 80,551
SHAREHOLDERS' FUNDS 93,990 80,651

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

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

Flamsafe Limited (Registered number: 07423369)

Balance Sheet - continued
31 October 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 15 July 2024 and were signed on its behalf by:





Mr B R Mattinson - Director


Flamsafe Limited (Registered number: 07423369)

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

1. STATUTORY INFORMATION

Flamsafe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07423369

Registered office: 6 Flash Lane
Bollington
Macclesfield
Cheshire
SK10 5AQ

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, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods and services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

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 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 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.

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.

Flamsafe Limited (Registered number: 07423369)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 61,594
AMORTISATION
At 1 November 2022 29,568
Amortisation for year 2,464
At 31 October 2023 32,032
NET BOOK VALUE
At 31 October 2023 29,562
At 31 October 2022 32,026

5. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 16,480 7,328 23,808
Additions - 920 920
At 31 October 2023 16,480 8,248 24,728
DEPRECIATION
At 1 November 2022 13,058 7,328 20,386
Charge for year 856 307 1,163
At 31 October 2023 13,914 7,635 21,549
NET BOOK VALUE
At 31 October 2023 2,566 613 3,179
At 31 October 2022 3,422 - 3,422

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 42,116 63,360
Amounts owed by associates 128,245 133,680
Other debtors 3,413 3,120
173,774 200,160

Flamsafe Limited (Registered number: 07423369)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 9,927 45,713
Trade creditors 73,645 41,714
Taxation and social security 4,884 8,666
Other creditors 104,790 114,245
193,246 210,338

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 12,730 21,936