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Registered Number: 03075986
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 July 2024

for

ACE FIRE ALARMS & SECURITY LTD

Director Mr M J Redfearn
Registered Number 03075986
Registered Office Unit 1 Wixenford Industrial Estate
Colesdown Hill
Plymouth
Devon
PL9 8AA
Accountants H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plymouth
PL7 5JX
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 July 2024
Principal activities
The principal activity of the company in the year under review was that of supplies of Fire Alarm systems.
Director
The director who has held office during the whole of the year was as follows:
Mr M J Redfearn
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Mr M J Redfearn
Director

Date approved: 14 March 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 9,750   
9,750   
Current assets      
Stocks 5 21,226    29,857 
Debtors 6 180,157    171,774 
Cash at bank and in hand 166,649    155,501 
368,032    357,132 
Creditors: amount falling due within one year 7 (95,014)   (92,055)
Net current assets 273,018    265,077 
 
Total assets less current liabilities 282,768    265,077 
Net assets 282,768    265,077 
 

Capital and reserves
     
Called up share capital 200    200 
Share premium account 8 7,000    7,000 
Profit and loss account 275,568    257,877 
Shareholders' funds 282,768    265,077 
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 14 March 2025 and were signed by:


-------------------------------
Mr M J Redfearn
Director
3
General Information
Ace Fire Alarms & Security Ltd is a private company, limited by shares, registered in England and Wales, registration number 03075986, registration address Unit 1 Wixenford Industrial Estate, Colesdown Hill, Plymouth, Devon, PL9 8AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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 taxation
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.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of 10 years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings 15% Straight Line
Motor Vehicles 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.

Average number of employees

Average number of employees during the year was 9 (2023 : 10).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 August 2023 47,073    47,073 
Additions  
Disposals  
At 31 July 2024 47,073    47,073 
Amortisation
At 01 August 2023 47,073    47,073 
Charge for year  
On disposals  
At 31 July 2024 47,073    47,073 
Net book values
At 31 July 2024  
At 31 July 2023  


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 August 2023 42,230    3,947    46,177 
Additions 13,000      13,000 
Disposals    
At 31 July 2024 55,230    3,947    59,177 
Depreciation
At 01 August 2023 42,230    3,947    46,177 
Charge for year 3,250      3,250 
On disposals    
At 31 July 2024 45,480    3,947    49,427 
Net book values
Closing balance as at 31 July 2024 9,750      9,750 
Opening balance as at 01 August 2023    


5.

Stocks

2024
£
  2023
£
Stocks 21,226    29,857 
21,226    29,857 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 100,659    94,776 
Other Debtors 79,498    76,998 
180,157    171,774 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 54,849    50,939 
Taxation and Social Security 35,714    34,316 
Other Creditors 4,451    6,800 
95,014    92,055 

8.

Share premium account

2024
£
  2023
£
Equity Share Premium b/fwd 7,000    7,000 
7,000    7,000 

9.

Related Party Disclosures

At the year end the company was owed £68,905 (2023 £68,905) by Ace Fire Equipment (UK) Ltd and £30,000 (2023 £30,000) by Ace Fire Properties Ltd. Mr M J Redfearn is a director in both companies.

10.

Ultimate Controlling Party

The ultimate controlling party is Mr M J Redfearn. 
4