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REGISTERED NUMBER: SC449574 (Scotland)




















Firemac FM Blue Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Firemac FM Blue Limited (Registered number: SC449574)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Firemac FM Blue Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr D G Mackay



REGISTERED OFFICE: 11 Abbey Road
North Berwick
East Lothian
EH39 4BS



REGISTERED NUMBER: SC449574 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
23 Westgate
North Berwick
EH39 4AG

Firemac FM Blue Limited (Registered number: SC449574)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,915 4,284

CURRENT ASSETS
Stocks 36,591 85,160
Debtors 5 29,281 13,283
Cash at bank and in hand 62,614 67,560
128,486 166,003
CREDITORS
Amounts falling due within one year 6 96,308 149,239
NET CURRENT ASSETS 32,178 16,764
TOTAL ASSETS LESS CURRENT LIABILITIES 36,093 21,048

PROVISIONS FOR LIABILITIES 979 1,071
NET ASSETS 35,114 19,977

CAPITAL AND RESERVES
Called up share capital 53 53
Capital redemption reserve 50 50
Retained earnings 35,011 19,874
SHAREHOLDERS' FUNDS 35,114 19,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Firemac FM Blue Limited (Registered number: SC449574)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 26 July 2024 and were signed by:





Mr D G Mackay - Director


Firemac FM Blue Limited (Registered number: SC449574)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Firemac FM Blue Limited is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
Turnover represents net invoiced sales of fire safety equipment, excluding value added tax.

Revenue is recognised when the goods are supplied to the customer.

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 etc - 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Firemac FM Blue Limited (Registered number: SC449574)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 15,081
Additions 822
At 31 March 2024 15,903
DEPRECIATION
At 1 April 2023 10,797
Charge for year 1,191
At 31 March 2024 11,988
NET BOOK VALUE
At 31 March 2024 3,915
At 31 March 2023 4,284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,912 8,072
Other debtors 4,369 5,211
29,281 13,283

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,106 520
Taxation and social security 13,152 7,719
Other creditors 81,050 141,000
96,308 149,239