Class A Fire & Security Limited 04631131 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Security Alarms Digita Accounts Production Advanced 6.30.9574.0 true true 04631131 2023-05-01 2024-04-30 04631131 2024-04-30 04631131 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-04-30 04631131 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-04-30 04631131 core:RetainedEarningsAccumulatedLosses 2024-04-30 04631131 core:ShareCapital 2024-04-30 04631131 core:CurrentFinancialInstruments 2024-04-30 04631131 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04631131 core:Non-currentFinancialInstruments 2024-04-30 04631131 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 04631131 core:FurnitureFittingsToolsEquipment 2024-04-30 04631131 core:MotorVehicles 2024-04-30 04631131 core:OtherPropertyPlantEquipment 2024-04-30 04631131 core:ParentEntities 2024-04-30 04631131 bus:SmallEntities 2023-05-01 2024-04-30 04631131 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04631131 bus:FilletedAccounts 2023-05-01 2024-04-30 04631131 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04631131 bus:RegisteredOffice 2023-05-01 2024-04-30 04631131 bus:Director1 2023-05-01 2024-04-30 04631131 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-05-01 2024-04-30 04631131 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-05-01 2024-04-30 04631131 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04631131 core:FurnitureFittings 2023-05-01 2024-04-30 04631131 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 04631131 core:MotorVehicles 2023-05-01 2024-04-30 04631131 core:OfficeEquipment 2023-05-01 2024-04-30 04631131 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 04631131 core:PlantMachinery 2023-05-01 2024-04-30 04631131 core:ParentEntities 2023-05-01 2024-04-30 04631131 countries:AllCountries 2023-05-01 2024-04-30 04631131 2023-04-30 04631131 core:FurnitureFittingsToolsEquipment 2023-04-30 04631131 core:MotorVehicles 2023-04-30 04631131 core:OtherPropertyPlantEquipment 2023-04-30 04631131 core:ParentEntities 2023-04-30 04631131 2022-05-01 2023-04-30 04631131 2023-04-30 04631131 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-30 04631131 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-04-30 04631131 core:RetainedEarningsAccumulatedLosses 2023-04-30 04631131 core:ShareCapital 2023-04-30 04631131 core:CurrentFinancialInstruments 2023-04-30 04631131 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04631131 core:Non-currentFinancialInstruments 2023-04-30 04631131 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 04631131 core:FurnitureFittingsToolsEquipment 2023-04-30 04631131 core:MotorVehicles 2023-04-30 04631131 core:OtherPropertyPlantEquipment 2023-04-30 04631131 core:ParentEntities 2023-04-30 04631131 core:ParentEntities 2022-05-01 2023-04-30 04631131 2022-04-30 04631131 core:ParentEntities 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04631131

Class A Fire & Security Limited

Annual Report and Financial Statements

for the Year Ended 30 April 2024

 

Class A Fire & Security Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Class A Fire & Security Limited

Company Information

Director

Mr Joseph Edward Gurnett

Registered office

143 Derby Road
Denby
Ripley
Derbyshire
DE5 8RA

Accountants

The TAX Partnership
2 Cheapside
Derby
Derbyshire
DE1 1BR

 

Class A Fire & Security Limited

(Registration number: 04631131)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

129,664

141,935

Current assets

 

Stocks

5

5,250

9,750

Debtors

6

355,394

330,926

Cash at bank and in hand

 

28,220

319

 

388,864

340,995

Creditors: Amounts falling due within one year

7

(240,696)

(218,882)

Net current assets

 

148,168

122,113

Total assets less current liabilities

 

277,832

264,048

Creditors: Amounts falling due after more than one year

7

(119,446)

(135,064)

Provisions for liabilities

(27,412)

(21,964)

Net assets

 

130,974

107,020

Capital and reserves

 

Called up share capital

8

11

11

Retained earnings

130,963

107,009

Shareholders' funds

 

130,974

107,020

 

Class A Fire & Security Limited

(Registration number: 04631131)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 January 2025
 

.........................................
Mr Joseph Edward Gurnett
Director

 

Class A Fire & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
143 Derby Road
Denby
Ripley
Derbyshire
DE5 8RA
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Class A Fire & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% reducing balance method

Fixtures and fittings

10% reducing balance method

Motor vehicles

25% reducing balance method

Office equipment

25% reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Class A Fire & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Class A Fire & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 22 (2023 - 20).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

69,454

238,988

14,683

323,125

Additions

2,251

24,705

437

27,393

At 30 April 2024

71,705

263,693

15,120

350,518

Depreciation

At 1 May 2023

50,134

123,090

7,966

181,190

Charge for the year

3,795

35,154

715

39,664

At 30 April 2024

53,929

158,244

8,681

220,854

Carrying amount

At 30 April 2024

17,776

105,449

6,439

129,664

At 30 April 2023

19,320

115,898

6,717

141,935

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

5,250

9,750

 

Class A Fire & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

147,237

171,811

Amounts owed by related parties

10

204,770

155,830

Prepayments

 

3,387

3,285

   

355,394

330,926

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

6,228

34,429

Trade creditors

 

73,805

74,947

Taxation and social security

 

73,763

78,496

Accruals and deferred income

 

808

808

Other creditors

 

86,092

30,202

 

240,696

218,882

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

119,446

135,064

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

10

10

10

10

A Ordinary of £1 each

1

1

1

1

11

11

11

11

 

Class A Fire & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

57,939

87,328

Other borrowings

61,507

47,736

119,446

135,064

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

6,228

34,429

10

Related party transactions

Summary of transactions with parent

Class A Security Solutions Limited a company of which Mr J Gurnett is a director and shareholder.
 Loans were made to the parent on an unsecured basis.
 

Loans to related parties

2024

Parent
£

Total
£

At start of period

155,830

155,830

Advanced

113,340

113,340

Repaid

(64,400)

(64,400)

At end of period

204,770

204,770

2023

Parent
£

Total
£

At start of period

111,353

111,353

Advanced

44,477

44,477

At end of period

155,830

155,830