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Company No: 04526679 (England and Wales)

NORTHANTS FIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH THE REGISTRAR

NORTHANTS FIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

Contents

NORTHANTS FIRE LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
NORTHANTS FIRE LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
DIRECTORS W Hammond
S Skipper
SECRETARY S J Skipper
REGISTERED OFFICE Eagle House
28 Billing Road
Northampton
NN1 5AJ
United Kingdom
COMPANY NUMBER 04526679 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ
NORTHANTS FIRE LIMITED

BALANCE SHEET

AS AT 31 AUGUST 2024
NORTHANTS FIRE LIMITED

BALANCE SHEET (continued)

AS AT 31 AUGUST 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 10,948 14,597
Tangible assets 4 149,948 134,505
160,896 149,102
Current assets
Stocks 47,591 43,297
Debtors 5 915,991 791,078
Cash at bank and in hand 153,865 175,534
1,117,447 1,009,909
Creditors: amounts falling due within one year 6 ( 209,514) ( 243,476)
Net current assets 907,933 766,433
Total assets less current liabilities 1,068,829 915,535
Creditors: amounts falling due after more than one year 7 ( 5,532) ( 10,274)
Provision for liabilities ( 34,405) ( 37,276)
Net assets 1,028,892 867,985
Capital and reserves
Called-up share capital 2 2
Capital redemption reserve 2 2
Profit and loss account 1,028,888 867,981
Total shareholder's funds 1,028,892 867,985

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Northants Fire Limited (registered number: 04526679) were approved and authorised for issue by the Board of Directors on 23 May 2025. They were signed on its behalf by:

W Hammond
Director
NORTHANTS FIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
NORTHANTS FIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Northants Fire Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Eagle House, 28 Billing Road, Northampton, NN1 5AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Computer software 5 years straight line
Goodwill

Acquired goodwill is fully written off.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 25 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 20 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 14

3. Intangible assets

Goodwill Computer software Total
£ £ £
Cost
At 01 September 2023 160,000 18,246 178,246
At 31 August 2024 160,000 18,246 178,246
Accumulated amortisation
At 01 September 2023 160,000 3,649 163,649
Charge for the financial year 0 3,649 3,649
At 31 August 2024 160,000 7,298 167,298
Net book value
At 31 August 2024 0 10,948 10,948
At 31 August 2023 0 14,597 14,597

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 September 2023 15,000 39,631 265,956 61,519 382,106
Additions 4,265 3,200 42,850 3,760 54,075
Disposals 0 0 ( 18,100) 0 ( 18,100)
At 31 August 2024 19,265 42,831 290,706 65,279 418,081
Accumulated depreciation
At 01 September 2023 650 28,013 170,707 48,231 247,601
Charge for the financial year 756 3,571 29,703 2,930 36,960
Disposals 0 0 ( 16,428) 0 ( 16,428)
At 31 August 2024 1,406 31,584 183,982 51,161 268,133
Net book value
At 31 August 2024 17,859 11,247 106,724 14,118 149,948
At 31 August 2023 14,350 11,618 95,249 13,288 134,505

5. Debtors

2024 2023
£ £
Trade debtors 258,314 304,151
Amounts owed by Group undertakings 630,740 463,790
Prepayments 26,937 23,137
915,991 791,078

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 53,452 83,445
Accruals 4,675 4,410
Taxation and social security 140,568 146,828
Obligations under finance leases and hire purchase contracts 4,742 4,742
Other creditors 6,077 4,051
209,514 243,476

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 5,532 10,274

8. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Finance leases entered into 10,274 15,016

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 35,000 36,973
between one and five years 105,000 140,000
140,000 176,973

9. Ultimate controlling party

Parent Company:

Northants Fire (Holdings) Limited
17 Osyth CLose,
Brackmills Industrial Estate,
Northampton
NN4 7DY