3 3 Flameproofing (Europe) Limited 09210815 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Finishing of textiles (SIC – 13300) Digita Accounts Production Advanced 6.30.9574.0 true 09210815 2024-01-01 2024-12-31 09210815 2024-12-31 09210815 core:CurrentFinancialInstruments 2024-12-31 09210815 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09210815 bus:SmallEntities 2024-01-01 2024-12-31 09210815 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09210815 bus:FilletedAccounts 2024-01-01 2024-12-31 09210815 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09210815 bus:RegisteredOffice 2024-01-01 2024-12-31 09210815 bus:Director1 2024-01-01 2024-12-31 09210815 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09210815 countries:UnitedKingdom 2024-01-01 2024-12-31 09210815 2023-01-01 2023-12-31 09210815 2023-12-31 09210815 core:CurrentFinancialInstruments 2023-12-31 09210815 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 09210815

Flameproofing (Europe) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Flameproofing (Europe) Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Flameproofing (Europe) Limited

(Registration number: 09210815)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

-

812,634

Debtors

5

487,762

1,667,509

Cash at bank and in hand

 

5

166

 

487,767

2,480,309

Creditors: Amounts falling due within one year

6

(263,575)

(2,154,341)

Net assets

 

224,192

325,968

Capital and reserves

 

Called up share capital

3

3

Retained earnings

224,189

325,965

Shareholders' funds

 

224,192

325,968

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 May 2025 and signed on its behalf by:
 

ME Sciama
Director

   
     
 

Flameproofing (Europe) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Moss Rose Mill Springfield Road
Kearsley
Bolton
Greater Manchester
BL4 8JW

These financial statements were authorised for issue by the Board on 15 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant Judgements

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

• Determination of recoverability of trade debtors. A specific provision is made against certain debts where in the opinion of the directors the debt is not fully recoverable.

• Determination of the recoverability of stock. A specific provision is made against certain stock where in the opinion of the directors the stock will be recovered at less than cost.

 

Flameproofing (Europe) Limited

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and
services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have
transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured
reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred
or to be incurred in respect of the transactions can be measured reliably.

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the
reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised
in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive
income or directly in equity, respectively

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the
amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or
substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses
and other deferred tax assets are recognised to the extent that it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using
the tax rates and laws that have been enacted or substantively enacted by the reporting date that are
expected to apply to the reversal of the timing difference.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Classification

A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.


 Recognition and measurement

Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


 Impairment

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment
loss is recognised in profit or loss immediately.


 

Flameproofing (Europe) Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Stocks

2024
£

2023
£

Inventories

-

812,634

5

Debtors

Current

2024
£

2023
£

Trade debtors

105,377

1,112,153

Other debtors

382,385

555,356

 

487,762

1,667,509

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

488,903

Taxation and social security

261,075

347,219

Accruals and deferred income

2,500

3,000

Other creditors

-

1,315,219

263,575

2,154,341

7

Related party transactions

Amounts owed to Directors at 31st December 2024 was £Nil (2023: £199,037).

During the year, Flameproofing (Europe) Ltd sold all stocks to Flameproofings Ltd and ceased trading, Customers are now supplied by Flameproofings Ltd.
Sales of £918,051 to and purchases of £12,550,254 from associated companies took place during the year.