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REGISTERED NUMBER: 02638917 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

DIRECTION FIRE LIMITED

DIRECTION FIRE LIMITED (REGISTERED NUMBER: 02638917)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIRECTION FIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: J C Edwards
S M Pilcher
G I Watts





REGISTERED OFFICE: Unit 5 First Quarter, Blenheim Road
Epsom
KT19 9QN





REGISTERED NUMBER: 02638917 (England and Wales)





ACCOUNTANTS: John Williams & Co Limited
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

DIRECTION FIRE LIMITED (REGISTERED NUMBER: 02638917)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 179,470 206,213

CURRENT ASSETS
Stocks 5 237,554 471
Debtors 6 758,941 963,626
Cash at bank and in hand 1,453,467 1,250,900
2,449,962 2,214,997
CREDITORS
Amounts falling due within one year 7 1,414,379 1,152,858
NET CURRENT ASSETS 1,035,583 1,062,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,215,053

1,268,352

CREDITORS
Amounts falling due after more than one
year

8

(149,133

)

(234,313

)

PROVISIONS FOR LIABILITIES 10 (21,404 ) (32,827 )
NET ASSETS 1,044,516 1,001,212

CAPITAL AND RESERVES
Called up share capital 2,550 2,550
Capital redemption reserve 11 15,450 15,450
Retained earnings 11 1,026,516 983,212
SHAREHOLDERS' FUNDS 1,044,516 1,001,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

DIRECTION FIRE LIMITED (REGISTERED NUMBER: 02638917)

BALANCE SHEET - continued
30 NOVEMBER 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 27 January 2025 and were signed on its behalf by:





S M Pilcher - Director


DIRECTION FIRE LIMITED (REGISTERED NUMBER: 02638917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Direction Fire 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

DIRECTION FIRE LIMITED (REGISTERED NUMBER: 02638917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

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 16 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 99,259 294,299 3,629 397,187
Additions - 26,650 6,188 32,838
Disposals - (33,808 ) - (33,808 )
At 30 November 2024 99,259 287,141 9,817 396,217
DEPRECIATION
At 1 December 2023 99,014 89,775 2,185 190,974
Charge for year 61 53,519 950 54,530
Eliminated on disposal - (28,757 ) - (28,757 )
At 30 November 2024 99,075 114,537 3,135 216,747
NET BOOK VALUE
At 30 November 2024 184 172,604 6,682 179,470
At 30 November 2023 245 204,524 1,444 206,213

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 256,653
DEPRECIATION
At 1 December 2023 80,261
Charge for year 43,710
At 30 November 2024 123,971
NET BOOK VALUE
At 30 November 2024 132,682
At 30 November 2023 176,392

DIRECTION FIRE LIMITED (REGISTERED NUMBER: 02638917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. STOCKS
2024 2023
£    £   
Stock & WIP 237,554 471

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 712,452 940,340
Other debtors 7,492 10,450
Prepayments 38,997 12,836
758,941 963,626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 50,000 50,000
Hire purchase contracts (see note 9) 35,705 35,705
Trade creditors 592,204 708,911
Tax 116,367 109,841
Social security and other taxes 128,771 41,280
VAT 68,696 169,430
Other creditors 422,636 37,691
1,414,379 1,152,858

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 45,833 50,000
Other loans - 2-5 years - 45,833
Hire purchase contracts (see note 9) 103,300 138,480
149,133 234,313

DIRECTION FIRE LIMITED (REGISTERED NUMBER: 02638917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 45,577 45,577
Between one and five years 110,605 154,597
156,182 200,174

Finance charges repayable:
Within one year 9,872 9,872
Between one and five years 7,305 16,117
17,177 25,989

Net obligations repayable:
Within one year 35,705 35,705
Between one and five years 103,300 138,480
139,005 174,185

Non-cancellable operating leases
2024 2023
£    £   
Within one year 39,721 80,156
Between one and five years 30,652 28,500
70,373 108,656

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 21,404 32,827

Deferred
tax
£   
Balance at 1 December 2023 32,827
Accelerated Capital Allowances (11,423 )
Balance at 30 November 2024 21,404

DIRECTION FIRE LIMITED (REGISTERED NUMBER: 02638917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 December 2023 983,212 15,450 998,662
Profit for the year 328,720 328,720
Dividends (285,416 ) (285,416 )
At 30 November 2024 1,026,516 15,450 1,041,966