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COMPANY REGISTRATION NUMBER: 01815499
Firemitre Limited
Filleted Unaudited Financial Statements
31 December 2023
Firemitre Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Firemitre Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
3,542
1,007
Current assets
Debtors
6
415,279
817,560
Cash at bank and in hand
447,946
45,027
---------
---------
863,225
862,587
Creditors: amounts falling due within one year
7
800,086
787,855
---------
---------
Net current assets
63,139
74,732
--------
--------
Total assets less current liabilities
66,681
75,739
Provisions
Taxation including deferred tax
191
--------
--------
Net assets
66,681
75,548
--------
--------
Firemitre Limited
Statement of Financial Position (continued)
31 December 2023
2023
2022
Note
£
£
£
£
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
66,581
75,448
--------
--------
Shareholders funds
66,681
75,548
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 August 2024 , and are signed on behalf of the board by:
D J Bailey P Bailey
Director Director
Company registration number: 01815499
Firemitre Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Church Green East, Redditch, Worcestershire, B98 8BT. The place of business is 15 Riddell Close, Alcester, Warwickshire, B49 6QP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents the fair value of services provided to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion. The value of incomplete services is recorded as accrued income and included as part of debtors.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, Fittings & Equipment
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
Fixtures, Fittings and Equipment
Motor Vehicles
Total
£
£
£
Cost
At 1 January 2023
3,950
3,950
Additions
76
3,495
3,571
-------
-------
-------
At 31 December 2023
4,026
3,495
7,521
-------
-------
-------
Depreciation
At 1 January 2023
2,943
2,943
Charge for the year
162
874
1,036
-------
-------
-------
At 31 December 2023
3,105
874
3,979
-------
-------
-------
Carrying amount
At 31 December 2023
921
2,621
3,542
-------
-------
-------
At 31 December 2022
1,007
1,007
-------
-------
-------
6. Debtors
2023
2022
£
£
Other debtors
415,279
817,560
---------
---------
The debtors above include the following amounts falling due after more than one year:
2023
2022
£
£
Other debtors
1,583
-------
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,727
9,954
Social security and other taxes
1,071
2,414
Other creditors
795,288
775,487
---------
---------
800,086
787,855
---------
---------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
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