IRIS Accounts Production v24.2.0.383 09916614 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099166142022-12-31099166142023-12-31099166142023-01-012023-12-31099166142021-12-31099166142022-01-012022-12-31099166142022-12-3109916614ns15:EnglandWales2023-01-012023-12-3109916614ns14:PoundSterling2023-01-012023-12-3109916614ns10:Director12023-01-012023-12-3109916614ns10:Director22023-01-012023-12-3109916614ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109916614ns10:SmallEntities2023-01-012023-12-3109916614ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109916614ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109916614ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109916614ns10:FullAccounts2023-01-012023-12-3109916614ns10:RegisteredOffice2023-01-012023-12-3109916614ns5:CurrentFinancialInstruments2023-12-3109916614ns5:CurrentFinancialInstruments2022-12-3109916614ns5:ShareCapital2023-12-3109916614ns5:ShareCapital2022-12-3109916614ns5:RetainedEarningsAccumulatedLosses2023-12-3109916614ns5:RetainedEarningsAccumulatedLosses2022-12-3109916614ns5:PlantMachinery2023-01-012023-12-3109916614ns5:PlantMachinery2022-12-3109916614ns5:PlantMachinery2023-12-3109916614ns5:PlantMachinery2022-12-3109916614ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109916614ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31099166141ns10:Director12022-12-31099166141ns10:Director12021-12-31099166141ns10:Director12023-01-012023-12-31099166141ns10:Director12022-01-012022-12-31099166141ns10:Director12023-12-31099166141ns10:Director12022-12-3109916614ns10:Director222022-12-3109916614ns10:Director222021-12-3109916614ns10:Director222023-01-012023-12-3109916614ns10:Director222022-01-012022-12-3109916614ns10:Director222023-12-3109916614ns10:Director222022-12-31
REGISTERED NUMBER: 09916614 (England and Wales)









Phase 1 Fire Systems Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Phase 1 Fire Systems Limited (Registered number: 09916614)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phase 1 Fire Systems Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G J Portman
G R Brown





REGISTERED OFFICE: 33 Chester Road West
Queensferry
Flintshire
CH5 1SA





REGISTERED NUMBER: 09916614 (England and Wales)





ACCOUNTANTS: Henry R. Davis & Co. Limited
Chartered Accountants
33 Chester Road West
Queensferry
Deeside
Flintshire
CH5 1SA

Phase 1 Fire Systems Limited (Registered number: 09916614)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,113 2,846

CURRENT ASSETS
Debtors 5 55,318 50,546
Cash at bank and in hand 73,766 30,347
129,084 80,893
CREDITORS
Amounts falling due within one year 6 130,839 83,383
NET CURRENT LIABILITIES (1,755 ) (2,490 )
TOTAL ASSETS LESS CURRENT LIABILITIES 358 356

PROVISIONS FOR LIABILITIES 335 335
NET ASSETS 23 21

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 3 1
SHAREHOLDERS' FUNDS 23 21

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Phase 1 Fire Systems Limited (Registered number: 09916614)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:




G R Brown - Director



G J Portman - Director


Phase 1 Fire Systems Limited (Registered number: 09916614)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Phase 1 Fire Systems Limited 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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 4 (2022 - 4 ) .

Phase 1 Fire Systems Limited (Registered number: 09916614)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 6,424
DEPRECIATION
At 1 January 2023 3,578
Charge for year 733
At 31 December 2023 4,311
NET BOOK VALUE
At 31 December 2023 2,113
At 31 December 2022 2,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 43,671 34,372
Other debtors 11,647 16,174
55,318 50,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,850 1,851
Taxation and social security 128,256 81,492
Other creditors 733 40
130,839 83,383

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
G R Brown
Balance outstanding at start of year 8,299 -
Amounts advanced 6,062 8,299
Amounts repaid (8,299 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,062 8,299

Phase 1 Fire Systems Limited (Registered number: 09916614)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

G J Portman
Balance outstanding at start of year 8,299 -
Amounts advanced 6,062 8,299
Amounts repaid (8,299 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,062 8,299

This loan was issued interest free and repaid on 30th April 2024.

8. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES

The company has outstanding commitments in respect of operating leases at 31st December 2023 of £7,012 (2022 - £7,012)