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REGISTERED NUMBER: 04471196 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Fastnett Fire & Security Limited

Fastnett Fire & Security Limited (Registered number: 04471196)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fastnett Fire & Security Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M J Burgess





REGISTERED OFFICE: Charles House
46 Station Road
Waltham Abbey
Essex
EN9 1FP





REGISTERED NUMBER: 04471196 (England and Wales)





ACCOUNTANTS: CHARLES PETER
Charles House
46 Station Road
Waltham Abbey
Essex
EN9 1FP

Fastnett Fire & Security Limited (Registered number: 04471196)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,542 3,032

CURRENT ASSETS
Stocks 15,520 12,606
Debtors 5 19,692 13,715
Cash at bank and in hand 100 939
35,312 27,260
CREDITORS
Amounts falling due within one year 6 45,100 31,291
NET CURRENT LIABILITIES (9,788 ) (4,031 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,246

)

(999

)

CREDITORS
Amounts falling due after more than one
year

7

1,227

2,761
NET LIABILITIES (9,473 ) (3,760 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (9,475 ) (3,762 )
SHAREHOLDERS' FUNDS (9,473 ) (3,760 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Fastnett Fire & Security Limited (Registered number: 04471196)

Balance Sheet - continued
30 June 2024


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 director and authorised for issue on 13 March 2025 and were signed by:





M J Burgess - Director


Fastnett Fire & Security Limited (Registered number: 04471196)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Fastnett Fire & Security Limited 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.

Turnover represents net invoiced sales of services excluding 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Fastnett Fire & Security Limited (Registered number: 04471196)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 22,509
DEPRECIATION
At 1 July 2023 19,477
Charge for year 1,490
At 30 June 2024 20,967
NET BOOK VALUE
At 30 June 2024 1,542
At 30 June 2023 3,032

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 11,625
DEPRECIATION
At 1 July 2023
and 30 June 2024 5,767
NET BOOK VALUE
At 30 June 2024 5,858
At 30 June 2023 5,858

Fastnett Fire & Security Limited (Registered number: 04471196)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 19,692 8,286
Other debtors - 5,429
19,692 13,715

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 4,474 1,500
Trade creditors 4,107 3,311
Taxation and social security 6,076 12,507
Other creditors 30,443 13,973
45,100 31,291

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 1,227 2,761