Company Registration No. 03697360 (England and Wales)
FireRite (UK) Limited
Unaudited accounts
for the year ended 31 December 2024
FireRite (UK) Limited
Unaudited accounts
Contents
FireRite (UK) Limited
Company Information
for the year ended 31 December 2024
Directors
G N Selway
K Selway
Company Number
03697360 (England and Wales)
Registered Office
UNIT 14 ROUNDABOUT COURT
BEDWAS HOUSE IND.EST.
CAERPHILLY
MID GLAMORGAN
CF83 8FS
Accountants
BARFORD OWEN DAVIES LIMITED
Sophia House
28 Cathedral Road
Cardiff
CF11 9LJ
FireRite (UK) Limited
Statement of financial position
as at 31 December 2024
Tangible assets
132,677
100,048
Debtors
1,479,464
1,681,143
Cash at bank and in hand
850,477
400,609
Creditors: amounts falling due within one year
(876,980)
(743,276)
Net current assets
1,515,884
1,351,547
Total assets less current liabilities
1,662,561
1,465,595
Provisions for liabilities
Deferred tax
(32,007)
(23,814)
Net assets
1,630,554
1,441,781
Called up share capital
2
2
Profit and loss account
1,630,552
1,441,779
Shareholders' funds
1,630,554
1,441,781
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by
G N Selway
Director
Company Registration No. 03697360
FireRite (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
FireRite (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 03697360. The registered office is UNIT 14 ROUNDABOUT COURT, BEDWAS HOUSE IND.EST., CAERPHILLY, MID GLAMORGAN, CF83 8FS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investments in shares are included at fair value.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
FireRite (UK) Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
14,260
32,719
105,382
82,749
235,110
Additions
-
18,572
17,611
22,947
59,130
At 31 December 2024
14,260
51,291
122,993
105,696
294,240
At 1 January 2024
2,673
13,384
52,881
66,124
135,062
Charge for the year
285
5,744
15,199
5,273
26,501
At 31 December 2024
2,958
19,128
68,080
71,397
161,563
At 31 December 2024
11,302
32,163
54,913
34,299
132,677
At 31 December 2023
11,587
19,335
52,501
16,625
100,048
5
Investments
Other investments
Valuation at 1 January 2024
14,000
Valuation at 31 December 2024
14,000
Amounts falling due within one year
Trade debtors
888,879
1,105,365
Amounts due from group undertakings etc.
366,000
466,000
Accrued income and prepayments
214,763
109,778
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
394,315
268,456
Taxes and social security
403,547
425,215
Loans from directors
1,223
214
8
Average number of employees
During the year the average number of employees was 77 (2023: 67).