Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05445677 Mr Peter Allen Mr Christopher Haigh Mr Richard Halsworth Complete Fire Solutions Holdings Limited, Registerd in England and Wales, Company Number 13506477, true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05445677 2023-08-31 05445677 2024-08-31 05445677 2023-09-01 2024-08-31 05445677 frs-core:CurrentFinancialInstruments 2024-08-31 05445677 frs-core:Non-currentFinancialInstruments 2024-08-31 05445677 frs-core:BetweenOneFiveYears 2024-08-31 05445677 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 05445677 frs-core:FurnitureFittings 2024-08-31 05445677 frs-core:FurnitureFittings 2023-09-01 2024-08-31 05445677 frs-core:FurnitureFittings 2023-08-31 05445677 frs-core:NetGoodwill 2024-08-31 05445677 frs-core:NetGoodwill 2023-09-01 2024-08-31 05445677 frs-core:NetGoodwill 2023-08-31 05445677 frs-core:MotorVehicles 2024-08-31 05445677 frs-core:MotorVehicles 2023-09-01 2024-08-31 05445677 frs-core:MotorVehicles 2023-08-31 05445677 frs-core:OtherResidualIntangibleAssets 2024-08-31 05445677 frs-core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 05445677 frs-core:OtherResidualIntangibleAssets 2023-08-31 05445677 frs-core:PlantMachinery 2024-08-31 05445677 frs-core:PlantMachinery 2023-09-01 2024-08-31 05445677 frs-core:PlantMachinery 2023-08-31 05445677 frs-core:WithinOneYear 2024-08-31 05445677 frs-core:ShareCapital 2024-08-31 05445677 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05445677 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05445677 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05445677 frs-bus:SmallEntities 2023-09-01 2024-08-31 05445677 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05445677 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05445677 1 2023-09-01 2024-08-31 05445677 frs-bus:Director1 2023-09-01 2024-08-31 05445677 frs-bus:Director2 2023-09-01 2024-08-31 05445677 frs-bus:Director3 2023-09-01 2024-08-31 05445677 frs-countries:EnglandWales 2023-09-01 2024-08-31 05445677 2022-08-31 05445677 2023-08-31 05445677 2022-09-01 2023-08-31 05445677 frs-core:CurrentFinancialInstruments 2023-08-31 05445677 frs-core:Non-currentFinancialInstruments 2023-08-31 05445677 frs-core:BetweenOneFiveYears 2023-08-31 05445677 frs-core:MotorVehicles 2022-09-01 2023-08-31 05445677 frs-core:WithinOneYear 2023-08-31 05445677 frs-core:ShareCapital 2023-08-31 05445677 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05445677
Complete Fire Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05445677
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,962 2,943
Tangible Assets 5 120,959 113,354
122,921 116,297
CURRENT ASSETS
Stocks 6 86,079 106,089
Debtors 7 794,555 762,270
Cash at bank and in hand 88,576 50,224
969,210 918,583
Creditors: Amounts Falling Due Within One Year 8 (396,946 ) (368,483 )
NET CURRENT ASSETS (LIABILITIES) 572,264 550,100
TOTAL ASSETS LESS CURRENT LIABILITIES 695,185 666,397
Creditors: Amounts Falling Due After More Than One Year 9 (132,263 ) (165,735 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,119 ) (25,233 )
NET ASSETS 535,803 475,429
CAPITAL AND RESERVES
Called up share capital 12 20,000 20,000
Profit and Loss Account 515,803 455,429
SHAREHOLDERS' FUNDS 535,803 475,429
Page 1
Page 2
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Halsworth
Director
28th February 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Complete Fire Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05445677 . The registered office is 9 Knowl Road, Mirfield, West Yorkshire, WF14 8DQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to software development costs. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 15% straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
The average number of employees, including directors, during the year was 20 (2023: 20)
20 20
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 September 2023 76,142 4,905 81,047
As at 31 August 2024 76,142 4,905 81,047
Amortisation
As at 1 September 2023 76,142 1,962 78,104
Provided during the period - 981 981
As at 31 August 2024 76,142 2,943 79,085
Net Book Value
As at 31 August 2024 - 1,962 1,962
As at 1 September 2023 - 2,943 2,943
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 12,081 230,928 14,551 257,560
Additions - 45,286 6,382 51,668
Disposals - (27,828 ) - (27,828 )
As at 31 August 2024 12,081 248,386 20,933 281,400
Depreciation
As at 1 September 2023 12,081 121,362 10,763 144,206
...CONTINUED
Page 4
Page 5
Provided during the period - 42,308 1,755 44,063
Disposals - (27,828 ) - (27,828 )
As at 31 August 2024 12,081 135,842 12,518 160,441
Net Book Value
As at 31 August 2024 - 112,544 8,415 120,959
As at 1 September 2023 - 109,566 3,788 113,354
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 112,543 107,767
6. Stocks
2024 2023
£ £
Stock 86,079 106,089
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 296,124 270,569
Prepayments and accrued income 13,307 16,570
Other debtors 3,800 -
Factored debts outstanding 51,538 46,045
Amounts owed by group undertakings 426,900 426,200
Amounts owed by other participating interests 2,886 2,886
794,555 762,270
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,020 34,811
Trade creditors 120,820 112,102
Bank loans and overdrafts 37,443 37,436
Corporation tax 50,180 36,873
Other taxes and social security 12,196 12,002
VAT 76,721 72,496
Other creditors 2,519 2,670
Directors' loan accounts 61,047 60,093
396,946 368,483
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 76,235 70,190
Bank loans 56,028 95,545
132,263 165,735
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 93,435 132,953
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 36,020 34,811
Later than one year and not later than five years 76,235 70,190
112,255 105,001
112,255 105,001
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,000 20,000
13. Related Party Transactions
Complete Fire Solutions Property Management LimitedThe Company is owned and controlled by the same directors and shareholders of Complete Fire Solutions LimitedComplete Fire Solutions Property Management Limited owns the premises occupied by Complete Fire Solutions Limited. During the year Complete Fire Solutions Limited paid Complete Fire Solutions Property Management Limited rent amounting to £30,000 (2023: £30,000). Included in Amounts owed by other participating interests is a loan to Complete Fire Solutions Property Management Limtied of £2,886 (2023: £2,886). The loan is interest free and repayable on demand.

Complete Fire Solutions Property Management Limited

The Company is owned and controlled by the same directors and shareholders of Complete Fire Solutions Limited

Complete Fire Solutions Property Management Limited owns the premises occupied by Complete Fire Solutions Limited. During the year Complete Fire Solutions Limited paid Complete Fire Solutions Property Management Limited rent amounting to £30,000 (2023: £30,000). Included in Amounts owed by other participating interests is a loan to Complete Fire Solutions Property Management Limtied of £2,886 (2023: £2,886). The loan is interest free and repayable on demand.

Complete Fire Solutions Holdings LimitedParent CompanyIncluded in Amounts owed by group undertakings is a loan to Complete Fire Solutions Holdings Limited of £426,900 (2023: £426,200). The loan is interest free and repayable on demand,

Complete Fire Solutions Holdings Limited

Parent Company

Included in Amounts owed by group undertakings is a loan to Complete Fire Solutions Holdings Limited of £426,900 (2023: £426,200). The loan is interest free and repayable on demand,

14. Ultimate Controlling Party
The company's ultimate controlling party is Complete Fire Solutions Holdings Limited, Registerd in England and Wales, Company Number 13506477, by virtue of its ownership of 100% of the issued share capital in the company.
Page 6