IRIS Accounts Production v24.3.2.46 09552035 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095520352023-10-31095520352024-10-31095520352023-11-012024-10-31095520352022-10-31095520352022-11-012023-10-31095520352023-10-3109552035ns15:EnglandWales2023-11-012024-10-3109552035ns14:PoundSterling2023-11-012024-10-3109552035ns10:Director12023-11-012024-10-3109552035ns10:Director22023-11-012024-10-3109552035ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3109552035ns10:SmallEntities2023-11-012024-10-3109552035ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3109552035ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3109552035ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3109552035ns10:FullAccounts2023-11-012024-10-3109552035ns10:CompanySecretary12023-11-012024-10-3109552035ns10:RegisteredOffice2023-11-012024-10-3109552035ns5:CurrentFinancialInstruments2024-10-3109552035ns5:CurrentFinancialInstruments2023-10-3109552035ns5:ShareCapital2024-10-3109552035ns5:ShareCapital2023-10-3109552035ns5:RetainedEarningsAccumulatedLosses2024-10-3109552035ns5:RetainedEarningsAccumulatedLosses2023-10-3109552035ns5:PlantMachinery2023-11-012024-10-3109552035ns5:FurnitureFittings2023-11-012024-10-3109552035ns5:MotorVehicles2023-11-012024-10-3109552035ns5:ComputerEquipment2023-11-012024-10-3109552035ns5:PlantMachinery2023-10-3109552035ns5:FurnitureFittings2023-10-3109552035ns5:MotorVehicles2023-10-3109552035ns5:ComputerEquipment2023-10-3109552035ns5:PlantMachinery2024-10-3109552035ns5:FurnitureFittings2024-10-3109552035ns5:MotorVehicles2024-10-3109552035ns5:ComputerEquipment2024-10-3109552035ns5:PlantMachinery2023-10-3109552035ns5:FurnitureFittings2023-10-3109552035ns5:MotorVehicles2023-10-3109552035ns5:ComputerEquipment2023-10-3109552035ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3109552035ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 09552035 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CHANNEL FIRE SYSTEMS LTD

CHANNEL FIRE SYSTEMS LTD (REGISTERED NUMBER: 09552035)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHANNEL FIRE SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr B Comber
Mr L Huckerby





SECRETARY:





REGISTERED OFFICE: Office 11
Romney Marsh Business Hub
Mountfield Road
New Romney
Kent
TN28 8LH





REGISTERED NUMBER: 09552035 (England and Wales)





ACCOUNTANTS: Stephen Hill Mid Kent Ltd
Office 11
Romney Marsh Business Hub
Mountfield Road
New Romney
Kent
TN28 8LH

CHANNEL FIRE SYSTEMS LTD (REGISTERED NUMBER: 09552035)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,241 161,211

CURRENT ASSETS
Debtors 5 169,659 177,772
Cash at bank and in hand 469,148 211,788
638,807 389,560
CREDITORS
Amounts falling due within one year 6 187,078 126,745
NET CURRENT ASSETS 451,729 262,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,970

424,026

CAPITAL AND RESERVES
Called up share capital 108 108
Retained earnings 646,862 423,918
SHAREHOLDERS' FUNDS 646,970 424,026

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 14 February 2025 and were signed on its behalf by:



Mr B Comber - Director



Mr L Huckerby - Director


CHANNEL FIRE SYSTEMS LTD (REGISTERED NUMBER: 09552035)

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

1. STATUTORY INFORMATION

Channel Fire Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 9 ) .

CHANNEL FIRE SYSTEMS LTD (REGISTERED NUMBER: 09552035)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 15,818 1,645 232,525 27,398 277,386
Additions - - 186,767 2,393 189,160
Disposals - - (114,957 ) (4,315 ) (119,272 )
At 31 October 2024 15,818 1,645 304,335 25,476 347,274
DEPRECIATION
At 1 November 2023 12,630 720 80,254 22,571 116,175
Charge for year 797 231 63,205 4,679 68,912
Eliminated on disposal - - (28,739 ) (4,315 ) (33,054 )
At 31 October 2024 13,427 951 114,720 22,935 152,033
NET BOOK VALUE
At 31 October 2024 2,391 694 189,615 2,541 195,241
At 31 October 2023 3,188 925 152,271 4,827 161,211

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 144,013 164,585
Other debtors 25,646 13,187
169,659 177,772

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 30 516
Taxation and social security 178,881 119,399
Other creditors 8,167 6,830
187,078 126,745