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Registered number: 03402925
Fire Industry Resources & Equipment Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Square Mile Accounting Limited
Arquen House
4-6 Spicer Street
St. Albans
AL3 4PQ
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director A R Palmer
Company Number 03402925
Registered Office Unit 16 Enterprise House Walton
Business Centre 44-46 Terrace
Road Walton On Thames, Surrey
KT12 2SD
Accountants Square Mile Accounting Limited
Arquen House
4-6 Spicer Street
St. Albans
AL3 4PQ
Page 1
Page 2
Statement of Financial Position
Registered number: 03402925
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,016 1,361
1,016 1,361
CURRENT ASSETS
Debtors 6 21,695 22,948
Cash at bank and in hand 55,776 63,080
77,471 86,028
Creditors: Amounts Falling Due Within One Year 7 (53,865 ) (44,786 )
NET CURRENT ASSETS (LIABILITIES) 23,606 41,242
TOTAL ASSETS LESS CURRENT LIABILITIES 24,622 42,603
Creditors: Amounts Falling Due After More Than One Year 8 (13,464 ) (19,475 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (193 ) (259 )
NET ASSETS 10,965 22,869
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 10,963 22,867
SHAREHOLDERS' FUNDS 10,965 22,869
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Page 3
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
A R Palmer
Director
30th August 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Fire Industry Resources & Equipment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03402925 . The registered office is Unit 16 Enterprise House Walton, Business Centre 44-46 Terrace, Road Walton On Thames, Surrey, KT12 2SD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Website cost amortised to income statement over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight line over 2 years
Motor Vehicles Straight line over 2 years
Computer Equipment Straight line over 2 years
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2023 4,325
As at 31 March 2024 4,325
Amortisation
As at 1 April 2023 4,325
As at 31 March 2024 4,325
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 527 6,627 4,419 11,573
Additions - - 784 784
As at 31 March 2024 527 6,627 5,203 12,357
Depreciation
As at 1 April 2023 527 6,627 3,058 10,212
Provided during the period - - 1,129 1,129
As at 31 March 2024 527 6,627 4,187 11,341
Net Book Value
As at 31 March 2024 - - 1,016 1,016
As at 1 April 2023 - - 1,361 1,361
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,907 18,360
Prepayments and accrued income 736 901
Other debtors 3 -
Director's loan account 49 3,687
21,695 22,948
The loan from a director is repayable on demand and interest-free.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,999 2,346
Bank loans and overdrafts 50 -
Corporation tax 16,451 19,424
Other taxes and social security - 837
VAT 12,785 10,880
Other creditors 235 199
Deferred Income 20,345 11,100
53,865 44,786
Bounce back loan at 2.5%
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,464 19,475
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 65,262 64,911
11. Ultimate Controlling Party
The director is considered to be the ultimate controlling party by virtue of his ability to act in concert in respect of the operational and financial policies of the company.
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