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REGISTERED NUMBER: SC706104 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

HF FIRE & SECURITY LTD

HF FIRE & SECURITY LTD (REGISTERED NUMBER: SC706104)






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


HF FIRE & SECURITY LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H R Fulton
J A Ferguson
Mrs J E Nicolson
J Welsh



REGISTERED OFFICE: 100 Albert Drive
Pollokshields
Glasgow
G41 2SJ



REGISTERED NUMBER: SC706104 (Scotland)



SENIOR STATUTORY AUDITOR: Robert Pollock BA CA



AUDITORS: Sharles Audit Limited
Statutory Auditors
29 Brandon Street
Hamilton
ML3 6DA

HF FIRE & SECURITY LTD (REGISTERED NUMBER: SC706104)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 43,322 122,772
Debtors 5 616,915 827,031
Cash at bank 189,261 38,041
849,498 987,844
CREDITORS
Amounts falling due within one year 6 659,042 892,796
NET CURRENT ASSETS 190,456 95,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,456

95,048

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 190,356 94,948
SHAREHOLDERS' FUNDS 190,456 95,048

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 3 December 2024 and were signed on its behalf by:




Mrs J E Nicolson - Director



H R Fulton - Director


HF FIRE & SECURITY LTD (REGISTERED NUMBER: SC706104)

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

1. STATUTORY INFORMATION

HF Fire & Security Ltd is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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. There were no material departures from the standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
Management make judgements, estimates and assumptions that affect the application of policies and
the carrying values of assets, liabilities, income and expenses. The resulting accounting estimates calculated using these judgements will, by definition, seldom equal the related actual results but are based on the experience of the directors and the expectations of future events. The estimates are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is reviewed.

The key judgements and sources of estimation uncertainty are:

The recovery of trade receivables, work in progress and provision for bad debts
Based on the principle that any debtors and work in progress overdue by more than 180 days may not be recoverable and should be reviewed for provision in part or in full.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


HF FIRE & SECURITY LTD (REGISTERED NUMBER: SC706104)

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

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 28 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 616,915 827,031

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 226,147 176,057
Amounts owed to group undertakings 171,134 522,535
Taxation and social security 168,528 126,813
Other creditors 93,233 67,391
659,042 892,796

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Pollock BA CA (Senior Statutory Auditor)
for and on behalf of Sharles Audit Limited

HF FIRE & SECURITY LTD (REGISTERED NUMBER: SC706104)

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

9. ULTIMATE CONTROLLING PARTY

The company's ultimate parent is H.F. Group Limited, a company registered in Scotland with its registered office at 100 Albert Drive, Glasgow, G41 2SJ.