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REGISTERED NUMBER: 10693777 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Chosen Fire Protection Ltd

Chosen Fire Protection Ltd (Registered number: 10693777)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Chosen Fire Protection Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss V Capper
D P Taylor





REGISTERED OFFICE: 21 Pitt Mill Gardens
Hucclecote
Gloucester
GL3 3ND





REGISTERED NUMBER: 10693777 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Chosen Fire Protection Ltd (Registered number: 10693777)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 7,000
Tangible assets 5 177 678
6,177 7,678

CURRENT ASSETS
Stocks 1,750 1,500
Debtors 6 9,366 12,665
Cash at bank 25,304 28,764
36,420 42,929
CREDITORS
Amounts falling due within one year 7 17,989 23,719
NET CURRENT ASSETS 18,431 19,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,608

26,888

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,508 26,788
SHAREHOLDERS' FUNDS 24,608 26,888

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 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.

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 6 August 2024 and were signed on its behalf by:



D P Taylor - Director


Chosen Fire Protection Ltd (Registered number: 10693777)

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


1. STATUTORY INFORMATION

Chosen Fire Protection Ltd is a private company, limited by shares , registered in England and Wales. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 33% on cost
Computer 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 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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Chosen Fire Protection Ltd (Registered number: 10693777)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 10,000
Amortisation
At 1 April 2023 3,000
Charge for year 1,000
At 31 March 2024 4,000
Net book value
At 31 March 2024 6,000
At 31 March 2023 7,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 April 2023 908 2,056 2,964
Additions 150 - 150
At 31 March 2024 1,058 2,056 3,114
Depreciation
At 1 April 2023 591 1,695 2,286
Charge for year 290 361 651
At 31 March 2024 881 2,056 2,937
Net book value
At 31 March 2024 177 - 177
At 31 March 2023 317 361 678

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 7,645 11,373
Other debtors 1,721 1,292
9,366 12,665

Chosen Fire Protection Ltd (Registered number: 10693777)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 2,277 4,028
Taxation and social security 13,657 18,140
Other creditors 2,055 1,551
17,989 23,719

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/24 31/3/23
£    £   
Within one year 3,810 -
Between one and five years 5,080 -
8,890 -