Company registration number 14478149 (England and Wales)
FORTH FIRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
FORTH FIRE LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
FORTH FIRE LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,816
2,043
Tangible assets
4
6,447
5,674
8,263
7,717
Current assets
Debtors
5
419,348
29,188
Cash at bank and in hand
382,458
90,756
801,806
119,944
Creditors: amounts falling due within one year
6
(599,093)
(212,747)
Net current assets/(liabilities)
202,713
(92,803)
Net assets/(liabilities)
210,976
(85,086)
Capital and reserves
Called up share capital
7
8,800
8,800
Profit and loss reserves
202,176
(93,886)
Total equity
210,976
(85,086)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 30 May 2025 and are signed on its behalf by:
Mr S J Stephens
Director
Company registration number 14478149 (England and Wales)
FORTH FIRE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 11 November 2022
-
0
-
0
-
Period ended 30 September 2023:
Loss and total comprehensive income
-
(93,886)
(93,886)
Issue of share capital
7
8,800
-
8,800
Balance at 30 September 2023
8,800
(93,886)
(85,086)
Period ended 30 September 2024:
Profit and total comprehensive income
-
296,062
296,062
Balance at 30 September 2024
8,800
202,176
210,976
FORTH FIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Forth Fire Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 & 4 Sleepy Hollow Business Park, Ampfield Hill, Romsey, Hants, SO51 9AW.

1.1
Reporting period

The financial statements cover the year ended 30 September 2024. The prior period covers a 11 month period from 11 November 2022 to 30 September 2023 due to the company being incorporated on 11 November 2022. As a result the prior period results are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
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.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

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

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Patents & licences
10% straight line
FORTH FIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
25% straight line
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

FORTH FIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
16
2
3
Intangible fixed assets
Trademark
£
Cost
At 1 October 2023 and 30 September 2024
2,270
Amortisation and impairment
At 1 October 2023
227
Amortisation charged for the year
227
At 30 September 2024
454
Carrying amount
At 30 September 2024
1,816
At 30 September 2023
2,043
FORTH FIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023
5,854
Additions
2,454
At 30 September 2024
8,308
Depreciation and impairment
At 1 October 2023
180
Depreciation charged in the year
1,681
At 30 September 2024
1,861
Carrying amount
At 30 September 2024
6,447
At 30 September 2023
5,674
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
374,090
23,108
Other debtors
22,820
3,800
Prepayments and accrued income
22,438
2,280
419,348
29,188
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
39,366
12,977
Amounts owed to group undertakings
58,970
58,970
Corporation tax
67,247
-
0
Other taxation and social security
201,889
-
0
Other creditors
202,895
140,800
Accruals and deferred income
28,726
-
0
599,093
212,747
FORTH FIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
5,500
5,500
5,500
5,500
Ordinary B shares of £1 each
3,300
2,800
3,300
2,800
Ordinary C shares of £1 each
0
500
-
0
500
8,800
8,800
8,800
8,800

All classes of shares hold the same rights.

 

Each share has full rights in the company with respect to voting, dividends and distributions.

On 2 May 2024 there was a redesignation of shares, where 500 Ordinary C shares were redesignated to 500 Ordinary B shares.

8
Related party transactions

During the year Forth Fire Limited traded with Forth Hold Limited, a shareholder of Forth Fire Limited. At the balance sheet date Forth Fire Limited owed £58,970 (2023: £58,970) to Forth Hold Limited.

 

Also during the year, Forth Fire Limited traded with Forth Building Services Limited and Forth Technical Services Limited, which are subsidiaries of Forth Hold Limited. Within the year there were sales of £772,639 (2023: £56,035) made to Forth Building Services Limited. At the balance sheet date amounts of £102,535 (2023: £46,300) were owed from Forth Fire Limited. Within the year there were sales of £46,086 (2023: £Nil) made to Forth Technical Services Limited. At the balance sheet date amounts of £19,020 were owed to Forth Fire Limited.

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