Company registration number 08898954 (England and Wales)
M10 Fire Safety Management Limited
Unaudited Financial Statements
For the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
M10 Fire Safety Management Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
M10 Fire Safety Management Limited
Balance Sheet
As at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
110,725
166,384
Cash at bank and in hand
2,672
5,017
113,397
171,401
Creditors: amounts falling due within one year
4
(135,280)
(188,461)
Net current liabilities
(21,883)
(17,060)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(21,884)
(17,061)
Total equity
(21,883)
(17,060)

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 31 January 2025
M Owarish
Director
Company registration number 08898954 (England and Wales)
M10 Fire Safety Management Limited
Notes to the Financial Statements
For the year ended 30 April 2024
- 2 -
1
Accounting policies
Company information

M10 Fire Safety Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 36 St Peters Street, St Albans, Herts, AL1 3NA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

 

Basic financial liabilities

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

M10 Fire Safety Management Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
76,271
131,930
Other debtors
34,454
34,454
110,725
166,384
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
68,202
85,486
Taxation and social security
3,630
8,723
Other creditors
63,448
94,252
135,280
188,461
5
Related party transactions
Balances with related parties
Amounts owed by
Amounts owed to
related parties
related parties
2024
2023
2024
2023
£
£
£
£
M Owarish
-
0
-
0
54,131
84,993
M10 Fire consultancy Limited
76,271
131,923
-
0
-
0
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