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REGISTERED NUMBER: 09835281 (England and Wales)

















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

FIRE-MECH FIXINGS LIMITED

FIRE-MECH FIXINGS LIMITED (REGISTERED NUMBER: 09835281)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIRE-MECH FIXINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: P J Hollis
D L Parker





REGISTERED OFFICE: Unit 3 Urban Park
George Stephenson Ave
Kingsway
Rochdale
Lancashire
OL16 4UP





REGISTERED NUMBER: 09835281 (England and Wales)





AUDITORS: Cresswells Accountants (UK) Limited
Chartered Accountants
and Statutory Auditors
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

FIRE-MECH FIXINGS LIMITED (REGISTERED NUMBER: 09835281)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 650,259 311,429

CURRENT ASSETS
Stocks 2,071,550 2,261,725
Debtors 5 2,100,349 1,727,418
Cash at bank and in hand 49,349 76,630
4,221,248 4,065,773
CREDITORS
Amounts falling due within one year 6 2,337,214 2,478,399
NET CURRENT ASSETS 1,884,034 1,587,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,534,293

1,898,803

CREDITORS
Amounts falling due after more than
one year

7

(298,224

)

(58,384

)

PROVISIONS FOR LIABILITIES (148,626 ) (61,102 )
NET ASSETS 2,087,443 1,779,317

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 2,087,343 1,779,217
SHAREHOLDERS' FUNDS 2,087,443 1,779,317

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd October 2024 and were signed on its behalf by:





D L Parker - Director


FIRE-MECH FIXINGS LIMITED (REGISTERED NUMBER: 09835281)

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

1. STATUTORY INFORMATION

Fire-mech Fixings 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
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.
Improvements to property - over 10 years
Plant and machinery - over 7 years
Fixtures and fittings - over 5 years

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 Income Statement, 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.

FIRE-MECH FIXINGS LIMITED (REGISTERED NUMBER: 09835281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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 29 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2023 50,448 227,829 40,876 159,600 478,753
Additions 5,278 407,463 25,162 31,195 469,098
Disposals (13,781 ) (37,929 ) (356 ) - (52,066 )
At 31st March 2024 41,945 597,363 65,682 190,795 895,785
DEPRECIATION
At 1st April 2023 5,089 111,972 14,735 35,528 167,324
Charge for year 6,661 61,053 10,595 32,439 110,748
Eliminated on disposal (4,466 ) (27,725 ) (355 ) - (32,546 )
At 31st March 2024 7,284 145,300 24,975 67,967 245,526
NET BOOK VALUE
At 31st March 2024 34,661 452,063 40,707 122,828 650,259
At 31st March 2023 45,359 115,857 26,141 124,072 311,429

FIRE-MECH FIXINGS LIMITED (REGISTERED NUMBER: 09835281)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2023 - 135,691 135,691
Additions 201,086 - 201,086
At 31st March 2024 201,086 135,691 336,777
DEPRECIATION
At 1st April 2023 - 30,784 30,784
Charge for year 21,545 27,138 48,683
At 31st March 2024 21,545 57,922 79,467
NET BOOK VALUE
At 31st March 2024 179,541 77,769 257,310
At 31st March 2023 - 104,907 104,907

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,728,463 1,516,296
Amounts owed by group undertakings 230,658 -
Other debtors 12,421 133,505
Directors' current accounts - 8,306
Tax 14,570 -
Prepayments and accrued income 114,237 69,311
2,100,349 1,727,418

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,104 -
Hire purchase contracts 72,655 32,655
Trade creditors 1,546,296 1,272,778
Amounts owed to group undertakings - 132,148
Tax - 106,069
Social security and other taxes 29,994 27,652
VAT 22,690 80,940
Other creditors 8,664 5,017
Invoice Factoring 593,692 804,460
Directors' current accounts 584 -
Accrued expenses 19,455 14,600
Deferred government grants 2,080 2,080
2,337,214 2,478,399

FIRE-MECH FIXINGS LIMITED (REGISTERED NUMBER: 09835281)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 41,104 -
Bank loans - 2-5 years 89,483 -
Hire purchase contracts 165,250 53,917
Deferred government grants 2,387 4,467
298,224 58,384

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 171,691 -
Hire purchase contracts 237,905 86,572
Invoice factoring 593,692 804,460
1,003,288 891,032

The company's bankers Nat West Bank Plc have a fixed and floating charge over the assets of the company by way of a debenture dated 5th November 2015.

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
91 Ordinary £1 91 91
9 Ordinary A £1 9 9
100 100

10. RESERVES
Retained
earnings
£   

At 1st April 2023 1,779,217
Profit for the year 353,126
Dividends (45,000 )
At 31st March 2024 2,087,343

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sarah Helliwell BFP ACA FCCA FMAAT (Senior Statutory Auditor)
for and on behalf of Cresswells Accountants (UK) Limited

FIRE-MECH FIXINGS LIMITED (REGISTERED NUMBER: 09835281)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
P J Hollis
Balance outstanding at start of year 8,306 -
Amounts advanced 36,694 65,806
Amounts repaid (45,000 ) (57,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,306

13. ULTIMATE PARENT COMPANY

A & F Sprinklers Limited is regarded by the directors as being the company's ultimate parent company.

A & F Sprinklers Limited prepare group financial statements and copies may be obtained from the registrar of companies, Companies House, Cardiff.

There is no one ultimate controlling party.