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REGISTERED NUMBER: 05124875 (England and Wales)











Financial Statements

for the Year Ended 31 January 2024

for

GLOBAL FIRE & SECURITY LIMITED

GLOBAL FIRE & SECURITY LIMITED (REGISTERED NUMBER: 05124875)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBAL FIRE & SECURITY LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A Gillam





SECRETARY: Swanarrow Limited





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 05124875 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

GLOBAL FIRE & SECURITY LIMITED (REGISTERED NUMBER: 05124875)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,234 88,599

CURRENT ASSETS
Debtors 5 54,323 72,102
Cash at bank 920,141 914,568
974,464 986,670
CREDITORS
Amounts falling due within one year 6 83,669 60,335
NET CURRENT ASSETS 890,795 926,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

955,029

1,014,934

PROVISIONS FOR LIABILITIES 12,068 16,629
NET ASSETS 942,961 998,305

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 942,861 998,205
SHAREHOLDERS' FUNDS 942,961 998,305

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

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

GLOBAL FIRE & SECURITY LIMITED (REGISTERED NUMBER: 05124875)

Balance Sheet - continued
31 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 Profit And Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





A Gillam - Director


GLOBAL FIRE & SECURITY LIMITED (REGISTERED NUMBER: 05124875)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Global 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures fittings & equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, 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.

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.

GLOBAL FIRE & SECURITY LIMITED (REGISTERED NUMBER: 05124875)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
fittings Motor Computer
& equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 15,315 206,041 16,236 237,592
Additions - - 3,374 3,374
Disposals - (39,000 ) - (39,000 )
At 31 January 2024 15,315 167,041 19,610 201,966
DEPRECIATION
At 1 February 2023 12,578 125,047 11,368 148,993
Charge for year 547 18,622 2,060 21,229
Eliminated on disposal - (32,490 ) - (32,490 )
At 31 January 2024 13,125 111,179 13,428 137,732
NET BOOK VALUE
At 31 January 2024 2,190 55,862 6,182 64,234
At 31 January 2023 2,737 80,994 4,868 88,599

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 28,479
Transfer to ownership (28,479 )
At 31 January 2024 -
DEPRECIATION
At 1 February 2023 19,362
Transfer to ownership (19,362 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 9,117

GLOBAL FIRE & SECURITY LIMITED (REGISTERED NUMBER: 05124875)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 45,463 64,714
Other debtors 8,860 7,388
54,323 72,102

All debtors are due within one year and have therefore not been discounted.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts - 834
Trade creditors 26,770 6,391
Taxation and social security 19,616 8,306
Other creditors 37,283 44,804
83,669 60,335

All creditors are payable within one year and have therefore not been discounted.