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REGISTERED NUMBER: 12449733 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

AD Passive Fire Protection Ltd

AD Passive Fire Protection Ltd (Registered number: 12449733)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AD Passive Fire Protection Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr A R Duncan





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: 57 Davis Street
Bristol
BS11 9JS





REGISTERED NUMBER: 12449733 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

AD Passive Fire Protection Ltd (Registered number: 12449733)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,113 8,151

CURRENT ASSETS
Debtors 5 39,240 44,033
Cash at bank 2 330
39,242 44,363
CREDITORS
Amounts falling due within one year 6 18,822 29,202
NET CURRENT ASSETS 20,420 15,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,533

23,312

CREDITORS
Amounts falling due after more than one
year

7

(7,737

)

(10,653

)

PROVISIONS FOR LIABILITIES 9 (1,237 ) (1,549 )
NET ASSETS 17,559 11,110

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 17,459 11,010
SHAREHOLDERS' FUNDS 17,559 11,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AD Passive Fire Protection Ltd (Registered number: 12449733)

Balance Sheet - continued
29 February 2024


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 director and authorised for issue on 20 August 2024 and were signed by:





Mr A R Duncan - Director


AD Passive Fire Protection Ltd (Registered number: 12449733)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

AD Passive 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

AD Passive Fire Protection Ltd (Registered number: 12449733)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2023
and 29 February 2024 14,490
DEPRECIATION
At 1 March 2023 6,339
Charge for year 2,038
At 29 February 2024 8,377
NET BOOK VALUE
At 29 February 2024 6,113
At 28 February 2023 8,151

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 March 2023
and 29 February 2024 14,490
DEPRECIATION
At 1 March 2023 6,339
Charge for year 2,038
At 29 February 2024 8,377
NET BOOK VALUE
At 29 February 2024 6,113
At 28 February 2023 8,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 4,477 6,788
Tax refundable 34,443 36,698
VAT 320 547
39,240 44,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 2,916 2,219
Corporation tax 13,555 22,979
Directors' current accounts 751 2,669
Accrued expenses 1,600 1,335
18,822 29,202

AD Passive Fire Protection Ltd (Registered number: 12449733)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 7,737 10,653

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 10,653 12,872

The hire purchase contract is secured against the asset to which it relates.

9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 1,237 1,549

Deferred
tax
£   
Balance at 1 March 2023 1,549
Credit to Income Statement during year (312 )
Balance at 29 February 2024 1,237

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 March 2023 11,010
Profit for the year 46,853
Dividends (40,404 )
At 29 February 2024 17,459

12. RELATED PARTY DISCLOSURES

During the year the director, Mr A R Duncan, made net withdrawals from his account of £1,918. The balance on his account at 29 February 2024 was £751 in credit (2023 - £2,669).

Also during the year, Mr Duncan and Mrs J Duncan, being husband and wife, received dividends from the company of £40,404 (2023 - £57,000).

AD Passive Fire Protection Ltd (Registered number: 12449733)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

13. ULTIMATE CONTROLLING PARTY

Mr A R Duncan is the ultimate controlling party by virtue of his holding the majority of the company's issued shared capital.