Company registration number 06437389 (England and Wales)
B RICHARDS FIRE PROTECTION CONSULTANTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
B RICHARDS FIRE PROTECTION CONSULTANTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
B RICHARDS FIRE PROTECTION CONSULTANTS LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
5
2,848
3,393
Current assets
Stocks
-
18,661
Debtors
6
152,879
116,910
Cash at bank and in hand
465,732
432,444
618,611
568,015
Creditors: amounts falling due within one year
7
(241,206)
(176,784)
Net current assets
377,405
391,231
Total assets less current liabilities
380,253
394,624
Provisions for liabilities
(541)
(1,110)
Net assets
379,712
393,514
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
379,702
393,504
Total equity
379,712
393,514
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for:
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
B RICHARDS FIRE PROTECTION CONSULTANTS LTD
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 31 July 2024 and are signed on its behalf by:
Mr R J Richards
Director
Company registration number 06437389 (England and Wales)
B RICHARDS FIRE PROTECTION CONSULTANTS LTD
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023
30 November 2023
- 3 -
1
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2
Accounting policies
Company information
B Richards Fire Protection Consultants Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2 Hilliards Court, Chester Business Park, Chester, Cheshire, CH4 9QP.
2.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2
Turnover
Turnover represents the value of services provided during the year exclusive of value added tax.
2.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% reducing balance
Fixtures and fittings
20% reducing balance
Computers
25% on cost
2.4
Stocks
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
B RICHARDS FIRE PROTECTION CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
2
Accounting policies
(Continued)
- 4 -
Current 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.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
4
4
Operating profit
2023
2022
Operating profit for the year is stated after charging:
£
£
Depreciation of owned tangible fixed assets
945
848
B RICHARDS FIRE PROTECTION CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 December 2022
992
2,629
6,128
9,749
Additions
399
399
Disposals
(2,475)
(2,475)
At 30 November 2023
992
2,629
4,052
7,673
Depreciation and impairment
At 1 December 2022
494
1,241
4,620
6,355
Depreciation charged in the year
100
277
568
945
Eliminated in respect of disposals
(2,475)
(2,475)
At 30 November 2023
594
1,518
2,713
4,825
Carrying amount
At 30 November 2023
398
1,111
1,339
2,848
At 30 November 2022
498
1,388
1,507
3,393
Last year c/fwd depreciation
494
1,241
4,621
Differs from this year b/fwd by
-
-
(1)
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
146,226
113,678
Corporation tax recoverable
3,126
Other debtors
6,653
106
152,879
116,910
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,674
3,122
Corporation tax
19,286
1,586
Other taxation and social security
30,873
30,544
Other creditors
186,373
141,532
241,206
176,784
B RICHARDS FIRE PROTECTION CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
8
Related party transactions
The directors, Mr R J Richards and Mrs J D Richards, control the company by virtue of their beneficial interest in 100% of the issued share capital.