Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueto provide fire protection services15false2023-04-01false22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09846806 2023-04-01 2024-03-31 09846806 2022-04-01 2023-03-31 09846806 2024-03-31 09846806 2023-03-31 09846806 2022-04-01 09846806 c:Director3 2023-04-01 2024-03-31 09846806 d:Buildings 2023-04-01 2024-03-31 09846806 d:Buildings 2024-03-31 09846806 d:Buildings 2023-03-31 09846806 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09846806 d:Buildings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09846806 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 09846806 d:PlantMachinery 2023-04-01 2024-03-31 09846806 d:PlantMachinery 2024-03-31 09846806 d:PlantMachinery 2023-03-31 09846806 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09846806 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09846806 d:MotorVehicles 2023-04-01 2024-03-31 09846806 d:MotorVehicles 2024-03-31 09846806 d:MotorVehicles 2023-03-31 09846806 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09846806 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09846806 d:OfficeEquipment 2023-04-01 2024-03-31 09846806 d:OfficeEquipment 2024-03-31 09846806 d:OfficeEquipment 2023-03-31 09846806 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09846806 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09846806 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09846806 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09846806 d:CurrentFinancialInstruments 2024-03-31 09846806 d:CurrentFinancialInstruments 2023-03-31 09846806 d:Non-currentFinancialInstruments 2024-03-31 09846806 d:Non-currentFinancialInstruments 2023-03-31 09846806 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09846806 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09846806 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09846806 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09846806 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 09846806 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 09846806 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 09846806 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09846806 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 09846806 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 09846806 d:ShareCapital 2024-03-31 09846806 d:ShareCapital 2023-03-31 09846806 d:RetainedEarningsAccumulatedLosses 2024-03-31 09846806 d:RetainedEarningsAccumulatedLosses 2023-03-31 09846806 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 09846806 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09846806 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09846806 c:OrdinaryShareClass1 2024-03-31 09846806 c:OrdinaryShareClass1 2023-03-31 09846806 c:OrdinaryShareClass2 2023-04-01 2024-03-31 09846806 c:OrdinaryShareClass2 2024-03-31 09846806 c:OrdinaryShareClass2 2023-03-31 09846806 c:OrdinaryShareClass3 2023-04-01 2024-03-31 09846806 c:OrdinaryShareClass3 2024-03-31 09846806 c:OrdinaryShareClass3 2023-03-31 09846806 c:OrdinaryShareClass4 2023-04-01 2024-03-31 09846806 c:OrdinaryShareClass4 2024-03-31 09846806 c:OrdinaryShareClass4 2023-03-31 09846806 c:FRS102 2023-04-01 2024-03-31 09846806 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09846806 c:FullAccounts 2023-04-01 2024-03-31 09846806 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09846806 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 09846806 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 09846806 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 09846806 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 09846806 d:HirePurchaseContracts d:MoreThanFiveYears 2024-03-31 09846806 d:HirePurchaseContracts d:MoreThanFiveYears 2023-03-31 09846806 2 2023-04-01 2024-03-31 09846806 d:Buildings d:LeasedAssetsHeldAsLessee 2024-03-31 09846806 d:Buildings d:LeasedAssetsHeldAsLessee 2023-03-31 09846806 d:LeasedAssetsHeldAsLessee 2024-03-31 09846806 d:LeasedAssetsHeldAsLessee 2023-03-31 09846806 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09846806









EVERSAFE FIRE PROTECTION LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
EVERSAFE FIRE PROTECTION LTD
REGISTERED NUMBER: 09846806

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
692,470
62,077

Current assets
  

Stocks
 5 
20,000
5,000

Debtors: amounts falling due within one year
 6 
1,412,551
851,771

Cash at bank and in hand
 7 
333,380
122,120

  
1,765,931
978,891

Creditors: amounts falling due within one year
 8 
(1,197,545)
(577,602)

Net current assets
  
 
 
568,386
 
 
401,289

Total assets less current liabilities
  
1,260,856
463,366

Creditors: amounts falling due after more than one year
 9 
(368,370)
(50,000)

Provisions for liabilities
  

Deferred tax
 12 
(88,636)
(15,519)

  
 
 
(88,636)
 
 
(15,519)

Net assets
  
803,850
397,847


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
  
803,750
397,747

  
803,850
397,847


Page 1

 
EVERSAFE FIRE PROTECTION LTD
REGISTERED NUMBER: 09846806
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 on 26 July 2024.


S F Verga Esq
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
EVERSAFE FIRE PROTECTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Eversafe fire protection Ltd, is a private limited company, having its registered office at Unit 14 Precision 2 Industrial Park, Bingham Road, Sittingbourne, Kent ME10 3TR. Its principal activity is to provide fire protection services.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

Page 3

 
EVERSAFE FIRE PROTECTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

Page 4

 
EVERSAFE FIRE PROTECTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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 .

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Freehold Land
-
not depreciated
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
straight line
Office equipment
-
25%
reducing balance

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.

Page 5

 
EVERSAFE FIRE PROTECTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Stocks

Raw materials are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.



 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

 
2.16

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.

Page 6

 
EVERSAFE FIRE PROTECTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 15).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
-
14,474
59,177
19,065
92,716


Additions
574,383
13,327
56,826
26,681
671,217


Disposals
-
-
(29,782)
-
(29,782)



At 31 March 2024

574,383
27,801
86,221
45,746
734,151



Depreciation


At 1 April 2023
-
6,792
16,128
7,719
30,639


Charge for the year on owned assets
3,928
3,319
16,537
5,477
29,261


Charge for the year on financed assets
2,256
-
-
-
2,256


Disposals
-
-
(20,475)
-
(20,475)



At 31 March 2024

6,184
10,111
12,190
13,196
41,681



Net book value



At 31 March 2024
568,199
17,690
74,031
32,550
692,470



At 31 March 2023
-
7,682
43,049
11,346
62,077

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


2024
2023
£
£



Freehold Property
170,556
-

170,556
-

Page 7

 
EVERSAFE FIRE PROTECTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Stocks

2024
2023
£
£

Raw materials and consumables
20,000
5,000

20,000
5,000


Page 8

 
EVERSAFE FIRE PROTECTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,216,416
732,237

Other debtors
190,296
112,337

Prepayments and accrued income
5,839
7,197

1,412,551
851,771



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
333,380
122,120

333,380
122,120



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
16,779
10,000

Trade creditors
612,918
448,318

Corporation tax
236,799
65,115

Other taxation and social security
22,214
14,006

Obligations under finance lease and hire purchase contracts
28,943
-

Other creditors
264,437
35,178

Accruals and deferred income
15,455
4,985

1,197,545
577,602


Page 9

 
EVERSAFE FIRE PROTECTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
246,713
30,000

Net obligations under finance leases and hire purchase contracts
121,657
-

Other creditors
-
20,000

368,370
50,000



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
16,779
10,000

Amounts falling due 1-2 years

Bank loans
18,273
10,000

Amounts falling due 2-5 years

Bank loans
43,782
20,000

Amounts falling due after more than 5 years

Bank loans
184,658
-

263,492
40,000


A bank loan is secured over the company's freehold property.

Page 10

 
EVERSAFE FIRE PROTECTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
28,943
-

Between 1-2 years
34,011
-

Between 2-5 years
87,646
-

150,600
-

Hire purchase liabilitites are secured over the assets to which they relate.

Page 11

 
EVERSAFE FIRE PROTECTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Deferred taxation




2024
2023


£

£






At beginning of year
(15,519)
-


Charged to profit or loss
(73,117)
(15,519)



At end of year
(88,636)
(15,519)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(88,636)
(15,519)

(88,636)
(15,519)


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



25 (2023 - 25) Ordinary "A" shares of £1.00 each
25
25
25 (2023 - 25) Ordinary "B" shares of £1.00 each
25
25
25 (2023 - 25) Ordinary "C" shares of £1.00 each
25
25
25 (2023 - 25) Ordinary "D" shares of £1.00 each
25
25

100

100



14.


Related party transactions

Included within other creditors due within one year is an amount of £202,500 and other creditors due after more than one year of £20,000 (2023 - due within one year - £3,080 & due after more than one year - £20,000) due to the directors of the company.
The directors had an interest in dividends paid of £369,888 (2023 £148,000). 

 
Page 12