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Registration number: 10438077

Fire Door Fm Limited

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Period from 1 March 2023 to 30 June 2024

 

Fire Door Fm Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Fire Door Fm Limited

Company Information

Directors

Mr P Groom

Mrs S Groom

Registered office

Rhyalffi
24 Closy Dderwen Gorlas
Llanelli
Carmarthenshire
SA14 6RN
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

Fire Door Fm Limited

(Registration number: 10438077)
Balance Sheet as at 30 June 2024

Note

30 June
2024
£

28 February
2023
£

Fixed assets

 

Tangible assets

4

-

309

Current assets

 

Debtors

6

8,658

65,080

Cash at bank and in hand

 

11,252

8,719

 

19,910

73,799

Creditors: Amounts falling due within one year

7

(16,967)

(43,859)

Net current assets

 

2,943

29,940

Net assets

 

2,943

30,249

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

2,843

30,149

Shareholders' funds

 

2,943

30,249

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

Directors' responsibilities:

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

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Fire Door Fm Limited

(Registration number: 10438077)
Balance Sheet as at 30 June 2024

Approved and authorised by the Board on 15 September 2024 and signed on its behalf by:
 

.........................................
Mr P Groom
Director

 

Fire Door Fm Limited

Notes to the Unaudited Financial Statements
for the Period from 1 March 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rhyalffi
24 Closy Dderwen Gorlas
Llanelli
Carmarthenshire
SA14 6RN
Wales

These financial statements were authorised for issue by the Board on 15 September 2024.

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 company ceased trading on the 30th June 2024.

 

Fire Door Fm Limited

Notes to the Unaudited Financial Statements
for the Period from 1 March 2023 to 30 June 2024

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 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.

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

Office Equipment

33% Straight Line

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.

 

Fire Door Fm Limited

Notes to the Unaudited Financial Statements
for the Period from 1 March 2023 to 30 June 2024

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.

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.

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.

 

Fire Door Fm Limited

Notes to the Unaudited Financial Statements
for the Period from 1 March 2023 to 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

Fire Door Fm Limited

Notes to the Unaudited Financial Statements
for the Period from 1 March 2023 to 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

908

908

At 30 June 2024

908

908

Depreciation

At 1 March 2023

599

599

Charge for the period

309

309

At 30 June 2024

908

908

Carrying amount

At 30 June 2024

-

-

At 28 February 2023

309

309

5

Stocks

30 June
2024
£

28 February
2023
£

6

Debtors

Current

30 June
2024
£

28 February
2023
£

Trade debtors

2,378

64,213

Prepayments

-

867

Other debtors

6,280

-

 

8,658

65,080

 

Fire Door Fm Limited

Notes to the Unaudited Financial Statements
for the Period from 1 March 2023 to 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

30 June
2024
£

28 February
2023
£

Due within one year

Trade creditors

264

1,353

Taxation and social security

1,187

7,984

Accruals and deferred income

1,655

6,810

Other creditors

13,861

27,712

16,967

43,859

8

Share capital

Allotted, called up and fully paid shares

30 June
2024

28 February
2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Dividends

Interim dividends paid

30 June
2024
£

28 February
2023
£

Interim dividend of £750.00 (2023 - £240.00) per each Ordinary

75,000

24,000