Caseware UK (AP4) 2024.0.164 2024.0.164 2023-09-302023-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-10-01falseManufacture of electric measuring equipment44truetruefalse 08208117 2022-10-01 2023-09-30 08208117 2021-10-01 2022-09-30 08208117 2023-09-30 08208117 2022-09-30 08208117 c:Director1 2022-10-01 2023-09-30 08208117 c:RegisteredOffice 2022-10-01 2023-09-30 08208117 d:Buildings d:LongLeaseholdAssets 2022-10-01 2023-09-30 08208117 d:Buildings d:LongLeaseholdAssets 2023-09-30 08208117 d:Buildings d:LongLeaseholdAssets 2022-09-30 08208117 d:PlantMachinery 2022-10-01 2023-09-30 08208117 d:PlantMachinery 2023-09-30 08208117 d:PlantMachinery 2022-09-30 08208117 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08208117 d:MotorVehicles 2022-10-01 2023-09-30 08208117 d:MotorVehicles 2023-09-30 08208117 d:MotorVehicles 2022-09-30 08208117 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08208117 d:FurnitureFittings 2022-10-01 2023-09-30 08208117 d:FurnitureFittings 2023-09-30 08208117 d:FurnitureFittings 2022-09-30 08208117 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08208117 d:OfficeEquipment 2022-10-01 2023-09-30 08208117 d:OfficeEquipment 2023-09-30 08208117 d:OfficeEquipment 2022-09-30 08208117 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08208117 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08208117 d:CurrentFinancialInstruments 2023-09-30 08208117 d:CurrentFinancialInstruments 2022-09-30 08208117 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08208117 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 08208117 d:ShareCapital 2023-09-30 08208117 d:ShareCapital 2022-09-30 08208117 d:RetainedEarningsAccumulatedLosses 2023-09-30 08208117 d:RetainedEarningsAccumulatedLosses 2022-09-30 08208117 c:OrdinaryShareClass1 2022-10-01 2023-09-30 08208117 c:OrdinaryShareClass1 2023-09-30 08208117 c:FRS102 2022-10-01 2023-09-30 08208117 c:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 08208117 c:FullAccounts 2022-10-01 2023-09-30 08208117 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08208117 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-10-01 2023-09-30 08208117 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-30 08208117 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-09-30 08208117 e:PoundSterling 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08208117










FIRST INFRA RED SENSOR TECHNOLOGY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
COMPANY INFORMATION


Director
Mrs K Barnett 




Registered number
08208117



Registered office
Unit B5
Owen Road

Diss

IP22 4ER




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of First Infra Red Sensor Technology Limited for the year ended 30 September 2023 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of First Infra Red Sensor Technology Limited in accordance with the terms of our engagement letter dated 25 May 2023Our work has been undertaken solely to prepare for your approval the financial statements of First Infra Red Sensor Technology Limited and state those matters that we have agreed to state to the director of First Infra Red Sensor Technology Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than First Infra Red Sensor Technology Limited and its director for our work or for this report. 

It is your duty to ensure that First Infra Red Sensor Technology Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of First Infra Red Sensor Technology Limited. You consider that First Infra Red Sensor Technology Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of First Infra Red Sensor Technology Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
 
Date: 
10 March 2025
Page 1

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
REGISTERED NUMBER: 08208117

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,077
59,318

  
48,077
59,318

Current assets
  

Stocks
  
12,620
4,500

Debtors: amounts falling due within one year
 5 
441,450
644,216

Cash at bank and in hand
  
147
3,457

  
454,217
652,173

Creditors: amounts falling due within one year
 6 
(188,274)
(255,213)

Net current assets
  
 
 
265,943
 
 
396,960

Total assets less current liabilities
  
314,020
456,278

  

Net assets
  
314,020
456,278


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
313,920
456,178

  
314,020
456,278


Page 2

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
REGISTERED NUMBER: 08208117
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 March 2025.




................................................
Mrs K Barnett
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is Unit B5, Owen Road, Diss, IP22 4ER. The principle place of activity is Diss. 
The company's principal activity is that of manufacturing sensors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Page 4

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Taxation

The tax expense for the year comprises current and deferred tax.
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 

Depreciation is provided on the following basis:

Long-term leasehold property
-
10% Straight line
Plant and machinery
-
25% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
25% Reducing balance
Office equipment
-
25% Reducing balance

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4)






Page 6

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Long-term leasehold property
Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 October 2022
41,923
20,665
83,494
4,879
14,349


Additions
-
299
-
200
905


Disposals
-
(484)
-
(190)
(402)



At 30 September 2023

41,923
20,480
83,494
4,889
14,852



Depreciation


At 1 October 2022
14,649
12,583
67,448
3,028
8,284


Charge for the year on owned assets
4,192
2,080
4,012
509
1,731


Disposals
-
(424)
-
(176)
(355)



At 30 September 2023

18,841
14,239
71,460
3,361
9,660



Net book value



At 30 September 2023
23,082
6,241
12,034
1,528
5,192



At 30 September 2022
27,274
8,082
16,046
1,851
6,065
Page 7

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 October 2022
165,310


Additions
1,404


Disposals
(1,076)



At 30 September 2023

165,638



Depreciation


At 1 October 2022
105,992


Charge for the year on owned assets
12,524


Disposals
(955)



At 30 September 2023

117,561



Net book value



At 30 September 2023
48,077



At 30 September 2022
59,318

Page 8

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
207,645
241,212

Other debtors
220,809
400,818

Prepayments and accrued income
12,996
2,186

441,450
644,216



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
6,443
-

Trade creditors
1,140
-

Other taxation and social security
62,469
242,011

Other creditors
108,761
5,606

Accruals and deferred income
9,461
7,596

188,274
255,213



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



8.


Pension commitments

Contributions totalling £296 (2022: £83) were payable to the fund at the balance sheet date and are included in creditors. 

Page 9

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Transactions with directors

As at 1 October 2022, the director's loan account was £204,487 overdrawn. During the year, the company made advances on behalf of the director totalling £99,053, and the director introduced funds into the company totalling £125,312.
As at the 30 September 2023, the director owed the company £178,228 as included within other debtors in note 5 to the financial statements. Interest was charged on the overdrawn balances at 2.00% until 05 April 2023, and at a rate of 2.25% thereafter, creating a charge of £4,986 for the year ended 30 September 2023. The loan is repayable on demand.

 
Page 10