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Registration number: 07829498

DJP Fire Limited

trading as Vulcan Fire

Filleted Financial Statements

for the Year Ended 30 September 2023

 

DJP Fire Limited

trading as Vulcan Fire

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

DJP Fire Limited

trading as Vulcan Fire

Company Information

Directors

A J Wheal

M L Wheeler

Registered office

4 Swanbridge Industrial Park
Black Croft Road
Witham
Essex
CM8 3YN

Auditors

Clement Rabjohns Limited
Registered Auditors
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

DJP Fire Limited

trading as Vulcan Fire

(Registration number: 07829498)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

60,846

60,859

Current assets

 

Stocks

5

62,937

43,230

Debtors

6

1,818,100

1,133,408

Cash at bank and in hand

 

187,748

476,166

 

2,068,785

1,652,804

Creditors: Amounts falling due within one year

7

(672,557)

(636,453)

Net current assets

 

1,396,228

1,016,351

Total assets less current liabilities

 

1,457,074

1,077,210

Provisions for liabilities

(9,270)

(15,215)

Net assets

 

1,447,804

1,061,995

Capital and reserves

 

Called up share capital

300

300

Retained earnings

1,447,504

1,061,695

Shareholders' funds

 

1,447,804

1,061,995

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 August 2024 and signed on its behalf by:
 

.........................................
M L Wheeler
Director

 

DJP Fire Limited

trading as Vulcan Fire

Notes to the Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Swanbridge Industrial Park
Black Croft Road
Witham
Essex
CM8 3YN
United Kingdom

The principal place of business is:
910 Birchwood Boulevard
Birchwood
Warrington
Cheshire
WA3 7QN
United Kingdom

These financial statements were authorised for issue by the Board on 23 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Name of parent of group

These financial statements are consolidated in the financial statements of EA-RS Group Limited.

The financial statements of EA-RS Group Limited may be obtained from 4 Swanbridge Industrial Park, Black Croft Road, Witham, Essex, CM8 3YN.

Disclosure of long or short period

The company shortened its accounting year end in the prior period, to bring its accounting date in line with other members of the group. Hence the comparatives presented are for the period from 1 November 2021 to 30 September 2022.

 

DJP Fire Limited

trading as Vulcan Fire

Notes to the Financial Statements for the Year Ended 30 September 2023

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 23 August 2024 was Philip Parsons FCA, who signed for and on behalf of Clement Rabjohns Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

DJP Fire Limited

trading as Vulcan Fire

Notes to the Financial Statements for the Year Ended 30 September 2023

Asset class

Depreciation method and rate

Furniture, fittings and equipment

20%-33% straight line

Motor Vehicles

33% reducing balance

Plant and Machinery

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

DJP Fire Limited

trading as Vulcan Fire

Notes to the Financial Statements for the Year Ended 30 September 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2022 - 27).

 

DJP Fire Limited

trading as Vulcan Fire

Notes to the Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Furniture, fittings and equipment
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

30,160

32,636

113,190

175,986

Additions

1,430

-

28,980

30,410

At 30 September 2023

31,590

32,636

142,170

206,396

Depreciation

At 1 October 2022

28,909

19,102

67,116

115,127

Charge for the year

1,008

4,400

25,015

30,423

At 30 September 2023

29,917

23,502

92,131

145,550

Carrying amount

At 30 September 2023

1,673

9,134

50,039

60,846

At 30 September 2022

1,251

13,534

46,074

60,859

5

Stocks

2023
£

2022
£

Work in progress

20,351

-

Finished goods and goods for resale

42,586

43,230

62,937

43,230

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

1,024,199

835,648

Amounts owed by related parties

717,283

295,245

Prepayments

 

20,153

2,515

Other debtors

 

56,465

-

   

1,818,100

1,133,408

7

Creditors

Creditors: amounts falling due within one year

 

DJP Fire Limited

trading as Vulcan Fire

Notes to the Financial Statements for the Year Ended 30 September 2023

2023
£

2022
£

Due within one year

Trade creditors

403,761

240,477

Taxation and social security

145,213

328,976

Accruals and deferred income

123,583

67,000

672,557

636,453

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

5,980

7,974

Later than one year and not later than five years

-

5,980

5,980

13,954

The amount of non-cancellable operating lease payments recognised as an expense during the year was £7,974 (2022 - £7,974).

9

Financial commitments, guarantees and contingencies

Fixed and floating charges over the assets of the company are held by Ares Management Limited (dated 16 September 2022) and Rockpool (Security Trustee) Limited (dated 24 May 2023), as security for the Group.

10

Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is EA-RS Group Limited, incorporated in England.

The address of EA-RS Group Limited is:
4 Swanbridge Industrial Park, Black Croft Road, Witham, Essex CM8 3YN