IRIS Accounts Production v24.3.2.46 05595556 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false 49571 8211 549763 587782 565000 530000 34334 49571 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055955562023-10-31055955562024-10-31055955562023-11-012024-10-31055955562022-10-31055955562022-11-012023-10-31055955562023-10-3105595556ns15:EnglandWales2023-11-012024-10-3105595556ns14:PoundSterling2023-11-012024-10-3105595556ns10:Director12023-11-012024-10-3105595556ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105595556ns10:SmallEntities2023-11-012024-10-3105595556ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3105595556ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105595556ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105595556ns10:FullAccounts2023-11-012024-10-3105595556ns10:Director2422023-10-3105595556ns10:Director2422022-10-3105595556ns10:Director2422023-11-012024-10-3105595556ns10:Director2422022-11-012023-10-3105595556ns10:Director2422024-10-3105595556ns10:Director2422023-10-3105595556ns5:CurrentFinancialInstruments2024-10-3105595556ns5:CurrentFinancialInstruments2023-10-3105595556ns5:Non-currentFinancialInstruments2024-10-3105595556ns5:Non-currentFinancialInstruments2023-10-3105595556ns5:ShareCapital2024-10-3105595556ns5:ShareCapital2023-10-3105595556ns5:RetainedEarningsAccumulatedLosses2024-10-3105595556ns5:RetainedEarningsAccumulatedLosses2023-10-3105595556ns10:RegisteredOffice2023-11-012024-10-3105595556ns5:LandBuildingsns5:ShortLeaseholdAssets2023-11-012024-10-3105595556ns5:FurnitureFittings2023-11-012024-10-3105595556ns5:MotorVehicles2023-11-012024-10-3105595556ns5:ComputerEquipment2023-11-012024-10-3105595556ns5:LandBuildingsns5:ShortLeaseholdAssets2023-10-3105595556ns5:FurnitureFittings2023-10-3105595556ns5:MotorVehicles2023-10-3105595556ns5:ComputerEquipment2023-10-3105595556ns5:LandBuildingsns5:ShortLeaseholdAssets2024-10-3105595556ns5:FurnitureFittings2024-10-3105595556ns5:MotorVehicles2024-10-3105595556ns5:ComputerEquipment2024-10-3105595556ns5:LandBuildingsns5:ShortLeaseholdAssets2023-10-3105595556ns5:FurnitureFittings2023-10-3105595556ns5:MotorVehicles2023-10-3105595556ns5:ComputerEquipment2023-10-3105595556ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-3105595556ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3105595556ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-10-3105595556ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-3105595556ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3105595556ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3105595556ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-10-3105595556ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-10-3105595556ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-10-3105595556ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-10-3105595556ns5:HirePurchaseContracts2024-10-3105595556ns5:HirePurchaseContracts2023-10-3105595556ns10:Director22023-11-012024-10-31055955561ns10:Director12023-10-31055955561ns10:Director12022-10-31055955561ns10:Director12023-11-012024-10-31055955561ns10:Director12022-11-012023-10-31055955561ns10:Director12024-10-31055955561ns10:Director12023-10-31
REGISTERED NUMBER: 05595556 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

FIRE RISK UK LIMITED

FIRE RISK UK LIMITED (REGISTERED NUMBER: 05595556)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


FIRE RISK UK LIMITED (REGISTERED NUMBER: 05595556)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,446 40,529

CURRENT ASSETS
Stocks 39,000 44,000
Debtors 5 558,098 565,033
Cash at bank 659,958 575,699
1,257,056 1,184,732
CREDITORS
Amounts falling due within one year 6 289,611 285,026
NET CURRENT ASSETS 967,445 899,706
TOTAL ASSETS LESS CURRENT LIABILITIES 1,043,891 940,235

CREDITORS
Amounts falling due after more than one year 7 49,511 -
NET ASSETS 994,380 940,235

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 993,380 939,235
SHAREHOLDERS' FUNDS 994,380 940,235

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 13 February 2025 and were signed on its behalf by:





Mr A D C Thorne - Director


FIRE RISK UK LIMITED (REGISTERED NUMBER: 05595556)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Fire Risk UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05595556

Registered office: Unit 14
Oakhurst Business Park
Southwater
Horsham
West Sussex
RH13 9RT

The presentation currency of the financial statements is the Pound Sterling (£).


Each unit has been rounded to the nearest whole pound.

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.

Turnover
Turnover represents amounts invoiced for sale of goods and services, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to leased offices - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% straight line
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value.

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.

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.

FIRE RISK UK LIMITED (REGISTERED NUMBER: 05595556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

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 19 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to leased and Motor Computer
offices fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 82,876 8,484 70,158 7,663 169,181
Additions - - 76,274 - 76,274
Disposals - - (70,158 ) - (70,158 )
At 31 October 2024 82,876 8,484 76,274 7,663 175,297
DEPRECIATION
At 1 November 2023 82,414 8,254 30,694 7,290 128,652
Charge for year 462 58 9,866 373 10,759
Eliminated on disposal - - (40,560 ) - (40,560 )
At 31 October 2024 82,876 8,312 - 7,663 98,851
NET BOOK VALUE
At 31 October 2024 - 172 76,274 - 76,446
At 31 October 2023 462 230 39,464 373 40,529

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 70,158
Additions 76,274
Disposals (70,158 )
At 31 October 2024 76,274
DEPRECIATION
At 1 November 2023 30,694
Charge for year 9,866
Eliminated on disposal (40,560 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 76,274
At 31 October 2023 39,464

FIRE RISK UK LIMITED (REGISTERED NUMBER: 05595556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 282,756 276,919
Other debtors 275,342 288,114
558,098 565,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 6,243 28,542
Trade creditors 75,919 90,201
Taxation and social security 205,411 163,423
Other creditors 2,038 2,860
289,611 285,026

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 49,511 -

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 6,243 28,542
Between one and five years 49,511 -
55,754 28,542

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr A D C Thorne and Mrs C E Thorne
Balance outstanding at start of year 49,571 (8,211 )
Amounts advanced 549,763 587,782
Amounts repaid (565,000 ) (530,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,334 49,571

10. RELATED PARTY DISCLOSURES

Included in Other Debtors as at 31 October 2024 is a £226,800 (2023: £226,800) loan owed from CAT Property Limited of which Mr A Thorne & Mrs C Thorne are directors.