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REGISTERED NUMBER: 07220274 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

FIRE-TECH ENGINEERING LTD

FIRE-TECH ENGINEERING LTD (REGISTERED NUMBER: 07220274)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

FIRE-TECH ENGINEERING LTD

Company Information
for the Year Ended 31 May 2024







Director: R J Carty





Registered office: C692 Coatham Avenue
Aycliffe Business Park
Newton Aycliffe
Co. Durham
DL5 6DB





Registered number: 07220274 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

FIRE-TECH ENGINEERING LTD (REGISTERED NUMBER: 07220274)

Abridged Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 203,528 161,838

Current assets
Stocks 34,299 24,328
Debtors 441,021 479,757
Cash at bank and in hand 126,299 429,880
601,619 933,965
Creditors
Amounts falling due within one year 293,089 543,659
Net current assets 308,530 390,306
Total assets less current liabilities 512,058 552,144

Creditors
Amounts falling due after more than one
year

-

(2,835

)

Provisions for liabilities (50,969 ) (37,595 )
Net assets 461,089 511,714

Capital and reserves
Called up share capital 81 81
Capital redemption reserve 20 20
Retained earnings 460,988 511,613
Shareholders' funds 461,089 511,714

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

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

FIRE-TECH ENGINEERING LTD (REGISTERED NUMBER: 07220274)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 November 2024 and were signed by:





R J Carty - Director


FIRE-TECH ENGINEERING LTD (REGISTERED NUMBER: 07220274)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Fire-Tech Engineering Ltd 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.

The financial statements have been prepared on a going concern basis.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

FIRE-TECH ENGINEERING LTD (REGISTERED NUMBER: 07220274)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 21 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 273,211
Additions 84,886
At 31 May 2024 358,097
DEPRECIATION
At 1 June 2023 111,373
Charge for year 43,196
At 31 May 2024 154,569
NET BOOK VALUE
At 31 May 2024 203,528
At 31 May 2023 161,838

FIRE-TECH ENGINEERING LTD (REGISTERED NUMBER: 07220274)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023
and 31 May 2024 88,000
DEPRECIATION
At 1 June 2023 29,738
Charge for year 5,826
At 31 May 2024 35,564
NET BOOK VALUE
At 31 May 2024 52,436
At 31 May 2023 58,262

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/5/24 31/5/23
£    £   
Net obligations repayable:
Within one year 2,835 16,670
Between one and five years - 2,835
2,835 19,505

Non-cancellable operating leases
31/5/24 31/5/23
£    £   
Within one year 71,000 71,000
Between one and five years 130,167 201,167
201,167 272,167

6. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Hire purchase contracts 2,835 19,505

The hire purchase contracts are secured on the assets to which they relate.

FIRE-TECH ENGINEERING LTD (REGISTERED NUMBER: 07220274)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31/5/24 31/5/23
£    £   
R J Carty
Balance outstanding at start of year - -
Amounts advanced 6,797 -
Amounts repaid (6,797 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Loans are interest free and repayable on demand.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Fire-Tech Engineering Ltd

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 Abridged 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 Fire-Tech Engineering Ltd for the year ended 31 May 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Fire-Tech Engineering Ltd in accordance with the terms of our engagement letter dated 7 October 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Fire-Tech Engineering Ltd and state those matters that we have agreed to state to the director of Fire-Tech Engineering Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Fire-Tech Engineering Ltd 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 Fire-Tech Engineering Ltd. You consider that Fire-Tech Engineering Ltd 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 Fire-Tech Engineering Ltd. 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.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


25 November 2024