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Company Registration No. 07314885 (England and Wales)
Argos Fire Protection Limited Unaudited accounts for the year ended 31 July 2024
Argos Fire Protection Limited Unaudited accounts Contents
Page
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Argos Fire Protection Limited Company Information for the year ended 31 July 2024
Directors
D L W McCartan-Mooney R Finnamore Mrs Nicola Hill Adam McCartan-Mooney Terry A Skeggs
Company Number
07314885 (England and Wales)
Registered Office
Orchard House Clyst St Mary Exeter Devon EX5 1BR
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Argos Fire Protection Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Argos Fire Protection Limited for the year ended 31 July 2024 as set out on pages 5 - 8 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 icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Chartered Accountants 10 April 2025
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Argos Fire Protection Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
27,002 
38,202 
Tangible assets
4,906 
9,249 
Investments
348,269 
348,269 
380,177 
395,720 
Current assets
Inventories
85,886 
107,563 
Debtors
367,519 
291,844 
Cash at bank and in hand
114,616 
18,812 
568,021 
418,219 
Creditors: amounts falling due within one year
(356,424)
(251,798)
Net current assets
211,597 
166,421 
Total assets less current liabilities
591,774 
562,141 
Creditors: amounts falling due after more than one year
(311,792)
(372,838)
Provisions for liabilities
Deferred tax
(497)
(1,081)
Net assets
279,485 
188,222 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
279,385 
188,122 
Shareholders' funds
279,485 
188,222 
For the year ending 31 July 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 10 April 2025 and were signed on its behalf by
Terry A Skeggs Director Company Registration No. 07314885
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Argos Fire Protection Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Argos Fire Protection Limited is a private company, limited by shares, registered in England and Wales, registration number 07314885. The registered office is Orchard House, Clyst St Mary, Exeter, Devon, EX5 1BR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Plant & machinery
10% Straight Line Method
Motor vehicles
20% Straight Line Method
Fixtures & fittings
10% Straight Line Method
Computer equipment
33.33% Straight Line Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Argos Fire Protection Limited Notes to the Accounts for the year ended 31 July 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
168,000 
At 31 July 2024
168,000 
Amortisation
At 1 August 2023
129,798 
Charge for the year
11,200 
At 31 July 2024
140,998 
Net book value
At 31 July 2024
27,002 
At 31 July 2023
38,202 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
4,977 
9,410 
2,832 
41,570 
58,789 
At 31 July 2024
4,977 
9,410 
2,832 
41,570 
58,789 
Depreciation
At 1 August 2023
726 
9,410 
1,899 
37,505 
49,540 
Charge for the year
498 
- 
235 
3,610 
4,343 
At 31 July 2024
1,224 
9,410 
2,134 
41,115 
53,883 
Net book value
At 31 July 2024
3,753 
- 
698 
455 
4,906 
At 31 July 2023
4,251 
- 
933 
4,065 
9,249 
6
Investments
Other investments 
£ 
Valuation at 1 August 2023
348,269 
Valuation at 31 July 2024
348,269 
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Argos Fire Protection Limited Notes to the Accounts for the year ended 31 July 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
293,261 
281,411 
Amounts due from group undertakings etc.
16,940 
3,000 
Accrued income and prepayments
10,636 
7,433 
Other debtors
46,682 
- 
367,519 
291,844 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
58,060 
48,930 
VAT
94,379 
58,699 
Obligations under finance leases and hire purchase contracts
2,986 
3,792 
Trade creditors
146,412 
113,205 
Taxes and social security
50,784 
18,190 
Other creditors
3,803 
3,427 
Loans from directors
- 
5,124 
Accruals
- 
431 
356,424 
251,798 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
309,611 
367,671 
Obligations under finance leases and hire purchase contracts
2,181 
5,167 
311,792 
372,838 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
30,017 
29,478 
Later than one year and not later than five years
24,012 
36,990 
54,029 
66,468 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors Loan Account
(5,124)
52,118 
312 
46,682 
(5,124)
52,118 
312 
46,682 
12
Average number of employees
During the year the average number of employees was 24 (2023: 22).
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