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REGISTERED NUMBER: 08858656 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

KJ FIRE SAFETY LIMITED

KJ FIRE SAFETY LIMITED (REGISTERED NUMBER: 08858656)






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


KJ FIRE SAFETY LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: N Thomas
Mrs B Thomas





REGISTERED OFFICE: Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB





REGISTERED NUMBER: 08858656 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

KJ FIRE SAFETY LIMITED (REGISTERED NUMBER: 08858656)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,676 49,908

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 111,439 108,681
Cash at bank 93,395 61,293
209,834 174,974
CREDITORS
Amounts falling due within one year 6 170,047 177,714
NET CURRENT ASSETS/(LIABILITIES) 39,787 (2,740 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,463

47,168

CREDITORS
Amounts falling due after more than one
year

7

59,420

29,534
NET ASSETS 80,043 17,634

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,943 17,534
SHAREHOLDERS' FUNDS 80,043 17,634

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 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.

KJ FIRE SAFETY LIMITED (REGISTERED NUMBER: 08858656)

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 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 29 October 2024 and were signed on its behalf by:





N Thomas - Director


KJ FIRE SAFETY LIMITED (REGISTERED NUMBER: 08858656)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

KJ Fire Safety 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 represents the net invoice value of goods sold and services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Furniture and equipment - 15% on reducing balance
Computer equipment - 25% on cost
Improvement to property - 2% on reducing balance
Motor vehicle - 25% on reducing balance
Plant and machinery - 25% reducing balance

Tangible fixed assets are stated at cost less depreciation and impairment.

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

Financial instruments
Short term financial assets, including trade and other debtors and cash and bank balances, are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

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 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.

Leases
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.

KJ FIRE SAFETY LIMITED (REGISTERED NUMBER: 08858656)

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 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 88,986
Additions 72,473
At 31 January 2024 161,459
DEPRECIATION
At 1 February 2023 39,078
Charge for year 22,705
At 31 January 2024 61,783
NET BOOK VALUE
At 31 January 2024 99,676
At 31 January 2023 49,908

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 104,137 105,882
Other debtors 135 -
Prepayments 7,167 2,799
111,439 108,681

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,263 17,425
Hire purchase contracts 18,504 2,770
Trade creditors 38,793 31,147
Tax 4,574 6,967
Social security and other taxes 89,433 83,315
Other creditors 919 -
Invoice factoring 4,061 25,948
Directors' current accounts - 9,142
Accrued expenses 3,500 1,000
170,047 177,714

KJ FIRE SAFETY LIMITED (REGISTERED NUMBER: 08858656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,904 29,534
Hire purchase contracts 41,516 -
59,420 29,534

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 28,167 46,959
Invoice factoring 4,061 25,948
Hire purchase contracts 60,020 2,770
92,248 75,677

Bank loans and invoice factoring are secured by way of a mortgage and a fixed and floating charge to cover all property and undertakings.

Hire purchase contracts are secured on the assets concerned.

9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The directors have provided a personal guarantee amounting to £8,000.