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REGISTERED NUMBER: 02981298















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASTROFLAME (FIRESEALS) LIMITED

ASTROFLAME (FIRESEALS) LIMITED (REGISTERED NUMBER: 02981298)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

ASTROFLAME (FIRESEALS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr P J Kieser



SECRETARY: Mrs S L Kieser



REGISTERED OFFICE: Avebury House
6 St Peter Street
Winchester
Hampshire
SO23 8BN



REGISTERED NUMBER: 02981298



ACCOUNTANTS: Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN



BANKERS: Natwest Bank Plc
2 Portsmouth Road
Southampton
Hampshire
SO2 9AA

ASTROFLAME (FIRESEALS) LIMITED (REGISTERED NUMBER: 02981298)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 182,959 172,234

CURRENT ASSETS
Stocks 1,316,207 1,464,014
Debtors 5 1,492,724 1,510,822
Cash at bank and in hand 1,136,027 852,656
3,944,958 3,827,492
CREDITORS
Amounts falling due within one year 6 1,048,918 1,242,734
NET CURRENT ASSETS 2,896,040 2,584,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,078,999

2,756,992

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 3,078,895 2,756,888
SHAREHOLDERS' FUNDS 3,078,999 2,756,992

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

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

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 director and authorised for issue on 28 October 2024 and were signed by:





Mr P J Kieser - Director


ASTROFLAME (FIRESEALS) LIMITED (REGISTERED NUMBER: 02981298)

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


1. STATUTORY INFORMATION

Astroflame (Fireseals) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amount derived from the provision of goods and services which fall within the company's ordinary activities as wholesalers of fire protection products, stated net of value added tax and relevant trade discounts.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for the company’s activities described below.

Wholesale products
When the outcome of a wholesale contract order can be estimated reliably in terms of its stage of completion, future costs to complete and recoverability of billings, the company recognises revenue and expenses on the contract order by reference to the completion of the supply and acceptance of the goods under the terms of the contract.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:

Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer & office equipment - 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

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


ASTROFLAME (FIRESEALS) LIMITED (REGISTERED NUMBER: 02981298)

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


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date . Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

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 17 (2023 - 18 ) .

ASTROFLAME (FIRESEALS) LIMITED (REGISTERED NUMBER: 02981298)

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


4. TANGIBLE FIXED ASSETS
Fixtures Computer
Plant and and Motor & Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 14,839 42,180 260,175 24,761 341,955
Additions - 1,864 103,701 3,509 109,074
Disposals - - (89,381 ) (608 ) (89,989 )
Revaluations - - (11,867 ) - (11,867 )
At 31 March 2024 14,839 44,044 262,628 27,662 349,173
DEPRECIATION
At 1 April 2023 14,259 32,226 106,657 16,579 169,721
Charge for year 145 2,605 26,705 2,490 31,945
Eliminated on disposal - - (35,041 ) (411 ) (35,452 )
At 31 March 2024 14,404 34,831 98,321 18,658 166,214
NET BOOK VALUE
At 31 March 2024 435 9,213 164,307 9,004 182,959
At 31 March 2023 580 9,954 153,518 8,182 172,234

Cost or valuation at 31 March 2024 is represented by:

Fixtures Computer
Plant and and Motor & Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2024 - - (11,867 ) - (11,867 )
Cost 14,839 44,044 274,495 27,662 361,040
14,839 44,044 262,628 27,662 349,173

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 955,315 1,004,501
Amounts owed by group undertakings 2,520 2,220
Other debtors 458,275 432,493
Directors' current accounts 13,428 12,212
S455 Tax 2,098 1,688
Deferred tax asset 4,519 8,568
Prepayments and accrued income 56,569 49,140
1,492,724 1,510,822

ASTROFLAME (FIRESEALS) LIMITED (REGISTERED NUMBER: 02981298)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 833,933 1,051,208
Tax 137,931 124,147
Social security and other taxes 16,028 15,343
VAT 14,728 12,962
Other creditors 1,606 1,673
Trade debtor overpayments 8,814 7,381
Deferred income 15,723 -
Accrued expenses 20,155 30,020
1,048,918 1,242,734

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 64,500 64,500
Between one and five years 105,542 170,042
170,042 234,542

8. FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr P J Kieser
Balance outstanding at start of year 12,212 22,447
Amounts advanced 1,215 6,105
Amounts repaid - (16,340 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,427 12,212

All loans are repayable on demand and interest is charged at the HMRC approved rate.

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, Astroflame (Fireseals) Limited was owed £2,520 (2023: £2,220 ) by Astroflame Holdings Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ASTROFLAME (FIRESEALS) LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Astroflame (Fireseals) Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Astroflame (Fireseals) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Astroflame (Fireseals) Limited and state those matters that we have agreed to state to the director of Astroflame (Fireseals) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Astroflame (Fireseals) Limited and its director for our work or for this report.

It is your duty to ensure that Astroflame (Fireseals) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Astroflame (Fireseals) Limited. You consider that Astroflame (Fireseals) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Astroflame (Fireseals) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN


31 October 2024