3 01/03/2023 28/02/2024 2024-02-28 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14658376 2023-03-01 2024-02-28 14658376 2024-02-28 14658376 2023-02-28 14658376 bus:RegisteredOffice 2023-03-01 2024-02-28 14658376 bus:OrdinaryShareClass1 2023-03-01 2024-02-28 14658376 bus:LeadAgentIfApplicable 2023-03-01 2024-02-28 14658376 bus:Director1 2023-03-01 2024-02-28 14658376 bus:Director2 2023-03-01 2024-02-28 14658376 bus:Director3 2023-03-01 2024-02-28 14658376 core:WithinOneYear 2024-02-28 14658376 bus:AllOrdinaryShares 2023-03-01 2024-02-28 14658376 core:ShareCapital 2024-02-28 14658376 core:RetainedEarningsAccumulatedLosses 2024-02-28 14658376 bus:OrdinaryShareClass1 core:ShareCapital 2024-02-28 14658376 bus:Director1 2024-02-28 14658376 bus:Director2 2024-02-28 14658376 bus:Director3 2024-02-28 14658376 bus:SmallEntities 2023-03-01 2024-02-28 14658376 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 14658376 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 14658376 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 14658376 bus:FullAccounts 2023-03-01 2024-02-28
Company registration number: 14658376
Hang Fire Sprinklers Ltd
Unaudited filleted financial statements
28 February 2024
Hang Fire Sprinklers Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Hang Fire Sprinklers Ltd
Directors and other information
Directors Mr P Penny (Appointed 13 February 2023)
Mr M Gerrard (Appointed 13 February 2023)
Mr M Nuttall (Appointed 13 February 2023)
Company number 14658376
Registered office 106 Moston Lane East
Manchester
M40 3QL
Accountant JP Gallagher & Co
106 Moston Lane East
Manchester
M40 3QL
Hang Fire Sprinklers Ltd
Statement of financial position
28 February 2024
28/02/24
Note £ £
Current assets
Debtors 6 58,373
Cash at bank and in hand 7
_______
58,380
Creditors: amounts falling due
within one year 7 ( 49,279)
_______
Net current assets 9,101
_______
Total assets less current liabilities 9,101
_______
Net assets 9,101
_______
Capital and reserves
Called up share capital 8 90
Profit and loss account 9,011
_______
Shareholders funds 9,101
_______
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 October 2024 , and are signed on behalf of the board by:
Mr P Penny
Director
Company registration number: 14658376
Hang Fire Sprinklers Ltd
Notes to the financial statements
Period ended 28 February 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 106 Moston Lane East, Manchester, M40 3QL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3
5. Dividends
Equity dividends
Period
ended
28/02/24
£
Dividends paid during the period (excluding those for which a liability existed at the end of the prior year) 120,000
_______
6. Debtors
28/02/24
£
Other debtors 58,373
_______
7. Creditors: amounts falling due within one year
28/02/24
£
Corporation tax 40,433
Other creditors 8,846
_______
49,279
_______
8. Called up share capital
Issued, called up and fully paid
28/02/24
No £
Ordinary shares shares of £ 1.00 each 90 90
_______ _______
On incorporation of the company on 13th February 2023 there were ninety shares issued at par value.
9. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Period ended 28/02/24
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr P Penny - ( 922) ( 922)
Mr M Gerrard - ( 2,090) ( 2,090)
Mr M Nuttall - ( 676) ( 676)
_______ _______ _______
- ( 3,688) ( 3,688)
_______ _______ _______