Company Registration No. 02693539 (England and Wales)
Fast Flame Limited
Unaudited accounts
for the year ended 30 April 2024
Fast Flame Limited
Unaudited accounts
Contents
Fast Flame Limited
Company Information
for the year ended 30 April 2024
Directors
David Snow
Lester Snow
Company Number
02693539 (England and Wales)
Registered Office
Unit 23 Blue Chalet Industrial Park
West Kingsdown
Kent
TN15 6BQ
Accountants
Darroch Accountancy Ltd
9 Old Foundry Close
St Just
Cornwall
TR19 7QS
Fast Flame Limited
Statement of financial position
as at 30 April 2024
Tangible assets
83,015
88,184
Cash at bank and in hand
13
6,839
Creditors: amounts falling due within one year
(80,590)
(77,685)
Net current assets
49,829
50,303
Total assets less current liabilities
132,844
138,487
Creditors: amounts falling due after more than one year
(123,915)
(133,843)
Called up share capital
102
102
Profit and loss account
8,827
4,542
Shareholders' funds
8,929
4,644
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
David Snow
Director
Company Registration No. 02693539
Fast Flame Limited
Notes to the Accounts
for the year ended 30 April 2024
Fast Flame Limited is a private company, limited by shares, registered in England and Wales, registration number 02693539. The registered office is Unit 23 Blue Chalet Industrial Park, West Kingsdown, Kent, TN15 6BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
114,433
133,368
4,883
26,179
278,863
Additions
-
101,838
447
-
102,285
Disposals
-
(89,196)
-
-
(89,196)
At 30 April 2024
114,433
146,010
5,330
26,179
291,952
At 1 May 2023
114,233
51,333
4,190
20,923
190,679
Charge for the year
132
26,049
285
1,316
27,782
On disposals
-
(9,524)
-
-
(9,524)
At 30 April 2024
114,365
67,858
4,475
22,239
208,937
At 30 April 2024
68
78,152
855
3,940
83,015
At 30 April 2023
200
82,035
693
5,256
88,184
Fast Flame Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
94,651
85,394
Accrued income and prepayments
1,555
1,555
Other debtors
32,300
32,300
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
34,282
42,292
Obligations under finance leases and hire purchase contracts
24,552
18,985
Trade creditors
17,139
12,476
Taxes and social security
36,695
45,622
Loans from directors
(44,190)
(44,190)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
81,581
83,843
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102
102
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans to directors
44,190
-
-
44,190
10
Average number of employees
During the year the average number of employees was 2 (2023: 3).