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Registration number: 09282351

UK Fire and Security Doors Limited

Filleted Financial Statements

for the Year Ended 30 September 2023

 

UK Fire and Security Doors Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

UK Fire and Security Doors Limited

Company Information

Directors

A J Wheal

Ms S Germano

M L Wheeler

Registered office

4 Swanbridge Industrial Park
Black Croft Road
Witham
Essex
CM8 3YN

Auditors

Clement Rabjohns Limited
Registered Auditors and Chartered Accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

UK Fire and Security Doors Limited

(Registration number: 09282351)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

81,872

94,871

Current assets

 

Stocks

5

53,303

156,619

Debtors

6

461,568

222,801

Cash at bank and in hand

 

53,288

52,684

 

568,159

432,104

Creditors: Amounts falling due within one year

7

(332,046)

(381,058)

Net current assets

 

236,113

51,046

Total assets less current liabilities

 

317,985

145,917

Creditors: Amounts falling due after more than one year

7

(24,970)

(31,350)

Provisions for liabilities

(18,383)

(14,293)

Net assets

 

274,632

100,274

Capital and reserves

 

Called up share capital

110

110

Retained earnings

274,522

100,164

Shareholders' funds

 

274,632

100,274

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 August 2024 and signed on its behalf by:
 

.........................................
M L Wheeler
Director

 

UK Fire and Security Doors Limited

Notes to the Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
4 Swanbridge Industrial Park
Black Croft Road
Witham
Essex
CM8 3YN
United Kingdom

These financial statements were authorised for issue by the Board on 8 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

UK Fire and Security Doors Limited

Notes to the Financial Statements for the Year Ended 30 September 2023

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 8 August 2024 was Philip Parsons FCA, who signed for and on behalf of Clement Rabjohns Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

UK Fire and Security Doors Limited

Notes to the Financial Statements for the Year Ended 30 September 2023

Asset class

Depreciation method and rate

Plant and machinery

15% on cost

Fixtures and fittings

20% on cost

Motor vehicles

25% reducing balance

Computer equipment

20% on cost

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2022 - 15).

 

UK Fire and Security Doors Limited

Notes to the Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

12,879

81,982

4,552

27,000

126,413

Additions

-

9,616

1,208

-

10,824

Disposals

-

-

-

(4,400)

(4,400)

At 30 September 2023

12,879

91,598

5,760

22,600

132,837

Depreciation

At 1 October 2022

3,210

15,921

743

11,668

31,542

Charge for the year

2,913

14,296

1,175

3,190

21,574

Eliminated on disposal

-

-

-

(2,151)

(2,151)

At 30 September 2023

6,123

30,217

1,918

12,707

50,965

Carrying amount

At 30 September 2023

6,756

61,381

3,842

9,893

81,872

At 30 September 2022

9,669

66,061

3,809

15,332

94,871

 

UK Fire and Security Doors Limited

Notes to the Financial Statements for the Year Ended 30 September 2023

5

Stocks

2023
£

2022
£

Work in progress

-

57,744

Other inventories

53,303

98,875

53,303

156,619

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

170,562

76,112

Amounts owed by related parties

247,746

85,528

Prepayments

 

43,260

19,623

Other debtors

 

-

41,538

   

461,568

222,801

 

UK Fire and Security Doors Limited

Notes to the Financial Statements for the Year Ended 30 September 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

12,715

18,108

Trade creditors

 

158,369

181,885

Amounts owed to group undertakings and undertakings in which the company has a participating interest

100,862

161,563

Taxation and social security

 

21,103

7,625

Accruals and deferred income

 

37,827

10,722

Other creditors

 

1,170

1,155

 

332,046

381,058

Included in other creditors are amounts relating to factored debts which are secured against trade debtors £0 (2021 - £32,544).

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

24,970

31,350

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Hire purchase contracts

24,970

31,350

Current loans and borrowings

2023
£

2022
£

Hire purchase contracts

12,715

18,108

9

Parent and ultimate parent undertaking

The company's immediate parent is Ea-Rs Group Limited, incorporated in the United Kingdom.

 The ultimate parent is Ea-Rs Fire Engineering Group Limited, incorporated in the United Kingdom.

  These financial statements are available upon request from 4 Swanbridge Industrial Park, Black Croft Road, Witham, Essex, CM8 3YN