Company registration number 10503235 (England and Wales)
Trusted Fire Inspections Limited
Annual Report and
Unaudited Financial Statements
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Trusted Fire Inspections Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Trusted Fire Inspections Limited
Statement of financial position
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
89,785
44,385
Current assets
Debtors
110,120
122,311
Cash at bank and in hand
12,563
57,367
122,683
179,678
Creditors: amounts falling due within one year
(67,631)
(133,039)
Net current assets
55,052
46,639
Total assets less current liabilities
144,837
91,024
Creditors: amounts falling due after more than one year
(52,561)
(4,013)
Provisions for liabilities
(15,545)
-
0
Net assets
76,731
87,011
Capital and reserves
Called up share capital
10,000
10,000
Revaluation reserve
10,836
10,836
Profit and loss reserves
55,895
66,175
Total equity
76,731
87,011
Trusted Fire Inspections Limited
Statement of financial position (continued)
as at 31 March 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 4 October 2024 and are signed on its behalf by:
S Nicholson
L Nicholson
Director
Director
Company Registration No. 10503235
Trusted Fire Inspections Limited
Notes to the financial statements
for the year ended 31 March 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts derived from the provision of rent and services falling within the company's activities. Turnover is recognised on an accruals basis.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10 year straight line
Fixtures and fittings
20% reducing balance
Website & IT Equipment
20% reducing balance
Motor vehicles
25% reducing balance
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the year end date. Timing differences represents the accumulated difference the company's taxable profit and its financial profit. These differences arise primarily from the difference between accelerated capital allowances and depreciation.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Trusted Fire Inspections Limited
Notes to the financial statements (continued)
for the year ended 31 March 2024
1
Accounting policies
(continued)
- 4 -
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
5
4
3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Website & IT Equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2023
30,000
12,438
8,143
15,450
66,031
Additions
-
0
411
5,011
59,450
64,872
Disposals
-
0
-
0
-
0
(15,450)
(15,450)
At 31 March 2024
30,000
12,849
13,154
59,450
115,453
Depreciation and impairment
At 1 April 2023
6,000
5,899
2,602
7,145
21,646
Depreciation charged in the year
3,000
1,322
1,891
4,954
11,167
Eliminated in respect of disposals
-
0
-
0
-
0
(7,145)
(7,145)
At 31 March 2024
9,000
7,221
4,493
4,954
25,668
Carrying amount
At 31 March 2024
21,000
5,628
8,661
54,496
89,785
At 31 March 2023
24,000
6,539
5,541
8,305
44,385
4
Financial commitments, guarantees and contingent liabilities

Obligations under hire purchase are secured against the asset to which they relate..

5
Company information

Trusted Fire Inspections Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Park Villas Drive, Pontefract, West Yorkshire, WF8 4QF.

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