1ST FIRE SOLUTIONS LTD

Company Registration Number:
04870853 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

1ST FIRE SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

1ST FIRE SOLUTIONS LTD

Company Information

for the Period Ended 30 September 2024




Director: James Price
Sarah Price
Registered office: 3
The Brush
Stroud
Gloucestershire
GL5 4SH
Company Registration Number: 04870853 (England and Wales)

1ST FIRE SOLUTIONS LTD

Balance sheet

As at 30 September 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 3,970 6,256
Total fixed assets: 3,970 6,256
Current assets
Stocks: 7,332 8,903
Debtors: 6 21,282 7,840
Cash at bank and in hand: 40,380 32,456
Total current assets: 68,994 49,199
Creditors: amounts falling due within one year: 7 ( 32,724 ) ( 27,517 )
Net current assets (liabilities): 36,270 21,682
Total assets less current liabilities: 40,240 27,938
Provision for liabilities: ( 2,703 ) ( 3,137 )
Total net assets (liabilities): 37,537 24,801

The notes form part of these financial statements

1ST FIRE SOLUTIONS LTD

Balance sheet continued

As at 30 September 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 37,535 24,799
Shareholders funds: 37,537 24,801

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 June 2025
And Signed On Behalf Of The Board By:

Name: James Price
Status: Director

The notes form part of these financial statements

1ST FIRE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax. The company recognises revenue when the amount can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company’s activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged to write off the cost of assets over their estimated useful lives at the following rates:
    Motor vehicles 25% of written down value
    Machinery and tools 25% of cost
    Office and computer equipment 33.3% of cost

    Valuation information and policy

    Stock and work in progress are valued at the lower of cost and estimated selling price. Cost is determined using the first-in, first-out (FIFO) method.

1ST FIRE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies (continued)

    Other accounting policies

    BASIS OF PREPARATION These financial statements have been prepared using the historical cost convention, except for, where disclosed in these accounting policies, certain items that are shown at fair value. The presentational currency of the financialstatements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates.Monetary amounts in these financial statements are rounded to the nearest pound. TANGIBLE ASSETS Tangible assets are stated inthe balance sheet at cost, less any subsequent accumulated depreciation and impairment losses. The cost of tangible assets includes any directly attributable costs incurred in their acquisition and installation. TAX The corporation tax charge in the accounts comprises current and deferred tax. The current corporation tax charge and the deferred tax charge are calculated on the basis of relevant tax laws and rates that have been enacted or substantively enacted by the reporting date. Deferred tax is recognised on temporary differences arising between the tax bases of assets or liabilities and their carrying amounts in the financial statements and on unused tax losses and tax credits in the company. TRADE DEBTORS Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of the business. Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and therefore included at the undiscounted amount of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect amounts due according to the original terms of the debt. TRADE CREDITORS Trade creditors are obligations to pay for goods andservices that have been acquired in the ordinary course of business from suppliers. Accounts payable are classed as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement of the creditor for at least twelve months after the reporting date, they are reported as non-current liabilities. Trade creditors are recognised initially at the transaction price and are repayable within one year and therefore included at the undiscounted amount of cash expected to be paid. BORROWINGS Basic financial liabilities including creditors and bank loans are initially recorded at transaction price, unless the arrangement constitutes a financing transaction in which case the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financing transactions made by director-shareholders are recorded at transaction price. Financing transactions aresubsequently carried at amortised cost. Borrowings classed as repayable within one year are not amortised. Borrowings are classifiedas current liabilities unless there is an unconditional right to defer settlement of the creditor for at least twelve months after the reporting date. SHARE CAPITAL Ordinary shares are classified as equity. Equity instruments are measured at the proceeds received, net of direct issue costs. DIVIDENDS Dividend distributions to the company’s shareholders are recognised as a liability in the reporting period in which the dividends are declared.

1ST FIRE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

1ST FIRE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 3. Off balance sheet disclosure

    No

1ST FIRE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Tangible assets

Plant & machinery Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 October 2023 6,970 6,767 11,053 24,790
Additions 97 - - 97
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 30 September 2024 7,067 6,767 11,053 24,887
Depreciation
At 01 October 2023 5,086 5,057 8,391 18,534
Charge for year 723 994 666 2,383
On disposals - - - -
Other adjustments - - - -
At 30 September 2024 5,809 6,051 9,057 20,917
Net book value
At 30 September 2024 1,258 716 1,996 3,970
At 30 September 2023 1,884 1,710 2,662 6,256

1ST FIRE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Debtors


2024
£

2023
£
Trade debtors 18,056 4,035
Prepayments and accrued income 3,086 3,665
Other debtors 140 140
Total 21,282 7,840

1ST FIRE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 5,463 8,210
Taxation and social security 7,136 2,074
Other creditors 20,125 17,233
Total 32,724 27,517

Other creditors includes:
Current loans and borrowings
Directors loan accounts 2024 £18,317 2023 £16,561