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REGISTERED NUMBER: 10487398 (England and Wales)















SOUTH WALES FIRE SPRINKLERS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023






SOUTH WALES FIRE SPRINKLERS LIMITED (REGISTERED NUMBER: 10487398)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOUTH WALES FIRE SPRINKLERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: Mr R D Nash





REGISTERED OFFICE: 74 Silver Birch Close
Cardiff
CF14 1EP





REGISTERED NUMBER: 10487398 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

SOUTH WALES FIRE SPRINKLERS LIMITED (REGISTERED NUMBER: 10487398)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,242 4,778

CURRENT ASSETS
Debtors 5 63,479 68,360

CREDITORS
Amounts falling due within one year 6 48,432 21,833
NET CURRENT ASSETS 15,047 46,527
TOTAL ASSETS LESS CURRENT LIABILITIES 43,289 51,305

CREDITORS
Amounts falling due after more than one year 7 53,310 41,667
NET (LIABILITIES)/ASSETS (10,021 ) 9,638

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,121 ) 9,538
(10,021 ) 9,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

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 director and authorised for issue on 26th September 2024 and were signed by:





Mr R D Nash - Director


SOUTH WALES FIRE SPRINKLERS LIMITED (REGISTERED NUMBER: 10487398)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

South Wales Fire Sprinklers 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.
Motor vehicles - 20% straight line on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

SOUTH WALES FIRE SPRINKLERS LIMITED (REGISTERED NUMBER: 10487398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st December 2022 25,236
Additions 42,327
Disposals (32,261 )
At 30th November 2023 35,302
DEPRECIATION
At 1st December 2022 20,458
Charge for year 7,060
Eliminated on disposal (20,458 )
At 30th November 2023 7,060
NET BOOK VALUE
At 30th November 2023 28,242
At 30th November 2022 4,778

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,479 24,533
Other debtors 30,000 43,827
63,479 68,360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,141 19,546
Hire purchase contracts 3,307 -
Taxation and social security 267 1,187
Other creditors 20,717 1,100
48,432 21,833

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 36,112 41,667
Hire purchase contracts 17,198 -
53,310 41,667