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REGISTERED NUMBER: 04084767 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

GRANTFEN FIRE & SECURITY LIMITED

GRANTFEN FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04084767)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRANTFEN FIRE & SECURITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: G A Cole
I J Jackson





SECRETARY: G A Cole





REGISTERED OFFICE: Unit 448
Oakshott Place
Bamber Bridge
Preston
PR5 8AT





REGISTERED NUMBER: 04084767 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

GRANTFEN FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04084767)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,366 124,490

CURRENT ASSETS
Stocks 9,500 9,500
Debtors 5 1,302,513 1,164,641
Cash at bank and in hand 163,473 88,990
1,475,486 1,263,131
CREDITORS
Amounts falling due within one year 6 1,312,982 1,167,507
NET CURRENT ASSETS 162,504 95,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,870

220,114

CREDITORS
Amounts falling due after more than one
year

7

(99,564

)

(102,480

)

PROVISIONS FOR LIABILITIES (25,970 ) (22,554 )
NET ASSETS 200,336 95,080

CAPITAL AND RESERVES
Called up share capital 9 1,200 1,000
Retained earnings 199,136 94,080
SHAREHOLDERS' FUNDS 200,336 95,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

GRANTFEN FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04084767)

BALANCE SHEET - continued
31ST JANUARY 2024


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 2nd October 2024 and were signed on its behalf by:





G A Cole - Director


GRANTFEN FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04084767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Grantfen Fire & Security 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue, described as turnover, represents the value of goods and services (net of VAT) provided to customers during the year.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

GRANTFEN FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04084767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 34 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1st February 2023 63,584 16,208 49,142
Additions - - 628
At 31st January 2024 63,584 16,208 49,770
DEPRECIATION
At 1st February 2023 28,416 14,378 39,054
Charge for year 3,516 457 2,562
At 31st January 2024 31,932 14,835 41,616
NET BOOK VALUE
At 31st January 2024 31,652 1,373 8,154
At 31st January 2023 35,168 1,830 10,088

GRANTFEN FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04084767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1st February 2023 69,948 63,105 261,987
Additions 80,107 - 80,735
At 31st January 2024 150,055 63,105 342,722
DEPRECIATION
At 1st February 2023 4,856 50,793 137,497
Charge for year 32,246 3,078 41,859
At 31st January 2024 37,102 53,871 179,356
NET BOOK VALUE
At 31st January 2024 112,953 9,234 163,366
At 31st January 2023 65,092 12,312 124,490

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st February 2023 69,948
Additions 80,107
At 31st January 2024 150,055
DEPRECIATION
At 1st February 2023 4,856
Charge for year 32,246
At 31st January 2024 37,102
NET BOOK VALUE
At 31st January 2024 112,953
At 31st January 2023 65,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 985,052 761,220
Amounts recoverable on contract 102,772 118,282
Directors' loan accounts 116,757 188,675
Tax 75,649 75,649
Prepayments and deferred costs 22,283 20,815
1,302,513 1,164,641

GRANTFEN FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04084767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,000 22,000
Hire purchase contracts 33,628 12,591
Trade creditors 560,874 777,925
Tax 101,984 11,326
Social security and other taxes 27,982 35,397
VAT 261,091 99,872
Other creditors 5,294 5,576
Deferred income 287,509 189,096
Accruals 12,620 13,724
1,312,982 1,167,507

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan 31,167 53,167
Hire purchase contracts 68,397 49,313
99,564 102,480

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 53,167 75,167
Hire purchase contracts 102,025 61,904
155,192 137,071

The bank loans are secured by a charge over all of the company's assets.

GRANTFEN FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04084767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Class A £1 100 -
(2023 - NIL)
50 Class B £1 50 -
(2023 - NIL)
50 Class C £1 50 -
(2023 - NIL)
1,200 1,000

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Class A £1 100 -
(2023 - NIL)
50 Class B £1 50 -
(2023 - NIL)
50 Class C £1 50 -
(2023 - NIL)
200 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2024 and 31st January 2023:

2024 2023
£    £   
G A Cole
Balance outstanding at start of year 137,792 127,915
Amounts advanced 98,368 78,986
Amounts repaid (151,131 ) (69,109 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,029 137,792

I J Jackson
Balance outstanding at start of year 50,884 69,996
Amounts advanced 71,975 49,700
Amounts repaid (91,131 ) (68,812 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,728 50,884

Interest has been charged on the loans at approved HMRC rates.

GRANTFEN FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04084767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors G A Cole and I J Jackson who, between them, have a beneficial interest in all of the issued share capital.