IRIS Accounts Production v24.3.2.46 08663085 Board of Directors Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086630852023-08-31086630852024-08-31086630852023-09-012024-08-31086630852022-08-31086630852022-09-012023-08-31086630852023-08-3108663085ns15:EnglandWales2023-09-012024-08-3108663085ns14:PoundSterling2023-09-012024-08-3108663085ns10:Director12023-09-012024-08-3108663085ns10:Director22023-09-012024-08-3108663085ns10:Director32023-09-012024-08-3108663085ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108663085ns10:SmallEntities2023-09-012024-08-3108663085ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3108663085ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108663085ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108663085ns10:FullAccounts2023-09-012024-08-3108663085ns10:OrdinaryShareClass12023-09-012024-08-3108663085ns10:RegisteredOffice2023-09-012024-08-3108663085ns5:CurrentFinancialInstruments2024-08-3108663085ns5:CurrentFinancialInstruments2023-08-3108663085ns5:ShareCapital2024-08-3108663085ns5:ShareCapital2023-08-3108663085ns5:RetainedEarningsAccumulatedLosses2024-08-3108663085ns5:RetainedEarningsAccumulatedLosses2023-08-3108663085ns5:PlantMachinery2023-09-012024-08-3108663085ns5:FurnitureFittings2023-09-012024-08-3108663085ns5:ComputerEquipment2023-09-012024-08-3108663085ns5:PlantMachinery2023-08-3108663085ns5:FurnitureFittings2023-08-3108663085ns5:ComputerEquipment2023-08-3108663085ns5:PlantMachinery2024-08-3108663085ns5:FurnitureFittings2024-08-3108663085ns5:ComputerEquipment2024-08-3108663085ns5:PlantMachinery2023-08-3108663085ns5:FurnitureFittings2023-08-3108663085ns5:ComputerEquipment2023-08-3108663085ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3108663085ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3108663085ns5:DeferredTaxation2023-08-3108663085ns5:DeferredTaxation2024-08-3108663085ns10:OrdinaryShareClass12024-08-3108663085ns5:RetainedEarningsAccumulatedLosses2023-08-3108663085ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-31
REGISTERED NUMBER: 08663085 (England and Wales)














FUTURE FIRE SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






FUTURE FIRE SOLUTIONS LIMITED (REGISTERED NUMBER: 08663085)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FUTURE FIRE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: P M Williams
M L Street
J A Hailstones





REGISTERED OFFICE: 12 Fratton Road
Portsmouth
Hampshire
PO1 5BX





REGISTERED NUMBER: 08663085 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

FUTURE FIRE SOLUTIONS LIMITED (REGISTERED NUMBER: 08663085)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 28,617 39,256

CURRENT ASSETS
Inventories 5 283,671 262,963
Debtors 6 91,823 209,385
Cash at bank and in hand 456,927 561,328
832,421 1,033,676
CREDITORS
Amounts falling due within one year 7 254,884 363,181
NET CURRENT ASSETS 577,537 670,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

606,154

709,751

PROVISIONS FOR LIABILITIES 8 5,437 7,458
NET ASSETS 600,717 702,293

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 10 600,714 702,290
SHAREHOLDERS' FUNDS 600,717 702,293

FUTURE FIRE SOLUTIONS LIMITED (REGISTERED NUMBER: 08663085)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:




P M Williams - Director M L Street - Director




J A Hailstones - Director


FUTURE FIRE SOLUTIONS LIMITED (REGISTERED NUMBER: 08663085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Future Fire Solutions 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other 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

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade 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

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 statement of financial position date.


FUTURE FIRE SOLUTIONS LIMITED (REGISTERED NUMBER: 08663085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 122,628 1,002 11,117 134,747
DEPRECIATION
At 1 September 2023 87,053 729 7,709 95,491
Charge for year 8,894 41 1,704 10,639
At 31 August 2024 95,947 770 9,413 106,130
NET BOOK VALUE
At 31 August 2024 26,681 232 1,704 28,617
At 31 August 2023 35,575 273 3,408 39,256

5. INVENTORIES
2024 2023
£    £   
Stocks 283,671 262,963

FUTURE FIRE SOLUTIONS LIMITED (REGISTERED NUMBER: 08663085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,923 138,525
Other debtors 35,900 37,500
Rent deposit 4,000 4,000
VAT - 29,360
91,823 209,385

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 117,485 195,711
Corporation tax 63,514 103,506
VAT 7,778 -
Other creditors - 138
Directors' current accounts 198 515
Accrued expenses 65,909 63,311
254,884 363,181

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,437 7,458

Deferred
tax
£   
Balance at 1 September 2023 7,458
Accelerated Capital Allowance (2,021 )
Balance at 31 August 2024 5,437

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3

10. RESERVES
Retained
earnings
£   

At 1 September 2023 702,290
Profit for the year 181,924
Dividends (283,500 )
At 31 August 2024 600,714

FUTURE FIRE SOLUTIONS LIMITED (REGISTERED NUMBER: 08663085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

11. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mrs J Hailstones, Mr M Street and Mr P Williams who each own 33% of the issued share capital.