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REGISTERED NUMBER: 02115619 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Firma-Chrome Limited

Firma-Chrome Limited (Registered number: 02115619)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Firma-Chrome Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Nicol
P A Marsden
C D Nicol





SECRETARY: D Nicol





REGISTERED OFFICE: Soho Works
Saxon Road
Sheffield
S8 0XZ





REGISTERED NUMBER: 02115619 (England and Wales)





ACCOUNTANTS: A&MPG Limited
6 Meadowhead
Sheffield
South Yorkshire
S8 7UD

Firma-Chrome Limited (Registered number: 02115619)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 129,374 115,708

CURRENT ASSETS
Stocks 5 21,865 24,903
Debtors 6 288,281 305,248
Cash at bank and in hand 119,436 114,362
429,582 444,513
CREDITORS
Amounts falling due within one year 7 194,125 186,139
NET CURRENT ASSETS 235,457 258,374
TOTAL ASSETS LESS CURRENT LIABILITIES 364,831 374,082

CREDITORS
Amounts falling due after more than one
year

8

(53,525

)

(84,386

)

PROVISIONS FOR LIABILITIES 9 (24,577 ) (21,298 )
NET ASSETS 286,729 268,398

CAPITAL AND RESERVES
Called up share capital 10 15,000 15,000
Retained earnings 11 271,729 253,398
SHAREHOLDERS' FUNDS 286,729 268,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Firma-Chrome Limited (Registered number: 02115619)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





D Nicol - Director


Firma-Chrome Limited (Registered number: 02115619)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Firma-Chrome 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.
Plant and machinery - at varying rates on cost

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.

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 15 (2023 - 15 ) .

Firma-Chrome Limited (Registered number: 02115619)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2023 331,358
Additions 37,332
At 30 June 2024 368,690
DEPRECIATION
At 1 July 2023 215,650
Charge for year 23,666
At 30 June 2024 239,316
NET BOOK VALUE
At 30 June 2024 129,374
At 30 June 2023 115,708

5. STOCKS
2024 2023
£    £   
Raw materials 21,865 24,903

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 195,928 213,141
Prepayments and accrued income 2,353 2,107
198,281 215,248

Amounts falling due after more than one year:
Amounts owed by group undertakings 90,000 90,000

Aggregate amounts 288,281 305,248

Firma-Chrome Limited (Registered number: 02115619)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts 816 1,476
Trade creditors 71,034 56,822
Tax 8,408 6,687
Social security and other taxes 11,322 12,234
VAT 29,950 32,195
Other creditors 3,703 4,658
Accruals and deferred income 38,892 42,067
194,125 186,139

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 53,525 83,525
Hire purchase contracts - 861
53,525 84,386

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 24,577 21,298

Deferred
tax
£   
Balance at 1 July 2023 21,298
Provided during year 3,279
Balance at 30 June 2024 24,577

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,000 Ordinary shares 1 15,000 15,000

Firma-Chrome Limited (Registered number: 02115619)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. RESERVES
Retained
earnings
£   

At 1 July 2023 253,398
Profit for the year 40,331
Dividends (22,000 )
At 30 June 2024 271,729

12. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 498 9,521

13. RELATED PARTY DISCLOSURES

The controlling party is Brook Bros. Limited.

The ultimate controlling party is D Nicol.

The parent's registered office address is:
Soho Works
Saxon Road
Sheffield
S8 0XZ