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Company No: 06064529 (England and Wales)

LAING FIRE LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

LAING FIRE LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

LAING FIRE LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2025
LAING FIRE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2025
Director D C Laing
Secretary Reeves Company Secretarial Limited
Registered office 11 Bracken Hill
Walderslade
Chatham
Kent
ME5 9QQ
United Kingdom
Company number 06064529 (England and Wales)
Accountant Kreston Reeves LLP
2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LAING FIRE LIMITED

For the financial year ended 31 January 2025

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LAING FIRE LIMITED (continued)

For the financial year ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Laing Fire Limited for the financial year ended 31 January 2025 which comprise the Balance Sheet and the related notes 1 to 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 www.icaew.com/regulation.

It is your duty to ensure that Laing Fire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Laing Fire Limited. You consider that Laing Fire Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Laing Fire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Director of Laing Fire Limited, as a body, in accordance with the terms of our engagement letter dated 14 October 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Laing Fire Limited and state those matters that we have agreed to state to the director of Laing Fire Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Laing Fire Limited and its Director as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

02 June 2025

LAING FIRE LIMITED

BALANCE SHEET

As at 31 January 2025
LAING FIRE LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 117 258
117 258
Current assets
Debtors 4 1,953 7,555
Cash at bank and in hand 70,245 73,368
72,198 80,923
Creditors: amounts falling due within one year 5 ( 27,450) ( 24,583)
Net current assets 44,748 56,340
Total assets less current liabilities 44,865 56,598
Provision for liabilities 6 ( 30) ( 65)
Net assets 44,835 56,533
Capital and reserves
Called-up share capital 1 1
Profit and loss account 44,834 56,532
Total shareholder's funds 44,835 56,533

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Laing Fire Limited (registered number: 06064529) were approved and authorised for issue by the Director on 02 June 2025. They were signed on its behalf by:

D C Laing
Director
LAING FIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
LAING FIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
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

Laing 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 11 Bracken Hill, Walderslade, Chatham, Kent, ME5 9QQ, 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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 February 2024 564 564
At 31 January 2025 564 564
Accumulated depreciation
At 01 February 2024 306 306
Charge for the financial year 141 141
At 31 January 2025 447 447
Net book value
At 31 January 2025 117 117
At 31 January 2024 258 258

4. Debtors

2025 2024
£ £
Trade debtors 0 5,244
Other debtors 1,953 2,311
1,953 7,555

5. Creditors: amounts falling due within one year

2025 2024
£ £
Taxation and social security 23,357 19,324
Other creditors 4,093 5,259
27,450 24,583

6. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 65) ( 100)
Charged to profit or loss 35 35
At the end of financial year ( 30) ( 65)

7. Financial commitments

Commitments

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

2025 2024
£ £
within one year 5,923 5,923
between one and five years 4,936 10,859
10,859 16,782

8. Related party transactions

During the year the company paid dividends to the sole director and shareholder of the company totalling £71,500 (2024: £59,000). At the balance sheet date, the company owed the director £312 (2024: £1,449) which is shown within other creditors.
All other transactions that arose with related parties during the current and prior years, including director's remuneration payable, were done so under normal market conditions.