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REGISTERED NUMBER: 10514281 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Principle Fire Protection Limited

Principle Fire Protection Limited (Registered number: 10514281)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Principle Fire Protection Limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: L J Hunt
L M Hunt





REGISTERED OFFICE: Chandos Business Centre
87 Warwick Street
Leamington Spa,
Warwickshire
CV32 4RJ





REGISTERED NUMBER: 10514281 (England and Wales)





ACCOUNTANTS: Barker & Co
Chartered Accountants
Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY

Principle Fire Protection Limited (Registered number: 10514281)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,620 48,848
38,620 48,848

CURRENT ASSETS
Debtors 6 55,171 39,129
Cash at bank and in hand 94,081 25,703
149,252 64,832
CREDITORS
Amounts falling due within one year 7 95,316 80,427
NET CURRENT ASSETS/(LIABILITIES) 53,936 (15,595 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,556

33,253

CREDITORS
Amounts falling due after more than one
year

8

(19,123

)

(11,096

)

PROVISIONS FOR LIABILITIES (9,300 ) (7,750 )
NET ASSETS 64,133 14,407

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 64,033 14,307
SHAREHOLDERS' FUNDS 64,133 14,407

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Principle Fire Protection Limited (Registered number: 10514281)

Balance Sheet - continued
31st December 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 Board of Directors and authorised for issue on 23rd April 2025 and were signed on its behalf by:





L J Hunt - Director


Principle Fire Protection Limited (Registered number: 10514281)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Principle Fire Protection 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Garden Office - Straight line on cost over 20 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Principle Fire Protection Limited (Registered number: 10514281)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 22,000
AMORTISATION
At 1st January 2024
and 31st December 2024 22,000
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Garden Plant and and Motor
Office machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st January 2024 24,368 5,751 16,338 26,721 73,178
Additions - 3,101 - 26,692 29,793
Disposals (24,368 ) - (6,083 ) - (30,451 )
At 31st December 2024 - 8,852 10,255 53,413 72,520
DEPRECIATION
At 1st January 2024 1,373 2,861 6,369 13,727 24,330
Charge for year - 697 1,003 9,365 11,065
Eliminated on disposal (1,373 ) - (122 ) - (1,495 )
At 31st December 2024 - 3,558 7,250 23,092 33,900
NET BOOK VALUE
At 31st December 2024 - 5,294 3,005 30,321 38,620
At 31st December 2023 22,995 2,890 9,969 12,994 48,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,682 38,724
Prepayments 1,489 405
55,171 39,129

Principle Fire Protection Limited (Registered number: 10514281)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,685 7,396
Hire purchase contracts 5,606 -
Trade creditors 16,314 20,346
Tax 42,600 30,000
Social security and other taxes 21,043 20,617
Directors' current accounts 1,185 1,185
Accrued expenses 883 883
95,316 80,427

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 3,361 11,096
Hire purchase contracts 15,762 -
19,123 11,096

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire Purchase 21,368 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to Director's subsisted during the year:

DescriptionDebitCredit

Withdrawn£4,000
Monies introduced£4,000

Total£4,000£4,000

No interest is payable on the Directors loan account.