Company Registration No. 10634284 (England and Wales)
KF FIRE PROTECTION LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
KF FIRE PROTECTION LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
KF FIRE PROTECTION LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2024
28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
214
331
Current assets
Debtors
4
13,503
20,767
Cash at bank and in hand
16,663
18,592
30,166
39,359
Creditors: amounts falling due within one year
5
(17,706)
(24,553)
Net current assets
12,460
14,806
Net assets
12,674
15,137
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
12,574
15,037
Total equity
12,674
15,137
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 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 26 September 2024 and are signed on its behalf by:
Mrs H Fyfield
Director
Company registration number 10634284 (England and Wales)
KF FIRE PROTECTION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information
KF Fire Protection Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 26 Eskdale Close, Horndean, Waterlooville, PO8 0DJ.
1.1
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.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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:
Fixtures and fittings
20% Straight Line
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.4
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 profit and loss account 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.
1.5
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
KF FIRE PROTECTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 March 2023 and 28 February 2024
3,082
Depreciation and impairment
At 1 March 2023
2,751
Depreciation charged in the year
117
At 28 February 2024
2,868
Carrying amount
At 28 February 2024
214
At 28 February 2023
331
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
12,620
19,807
Other debtors
883
960
13,503
20,767
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,110
1,319
Corporation tax
6,450
6,926
Other taxation and social security
5,379
5,850
Other creditors
2,767
10,458
17,706
24,553