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Registered number: 08208117









FIRST INFRA RED SENSOR TECHNOLOGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
COMPANY INFORMATION


Director
Mrs K Barnett 




Registered number
08208117



Registered office
Unit B5
Owen Road

Diss

IP22 4ER




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 

CONTENTS



Page
Accountants' Report
 
1
Balance Sheet
 
2 - 3
Notes to the Financial Statements
 
4 - 9


 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of First Infra Red Sensor Technology Limited for the year ended 30 September 2024 which comprise the Balance Sheet and the related notes 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 https://www.icaew.com /regulation.

This report is made solely to the director of First Infra Red Sensor Technology Limited in accordance with the terms of our engagement letter dated 25 May 2023Our work has been undertaken solely to prepare for your approval the financial statements of First Infra Red Sensor Technology Limited and state those matters that we have agreed to state to the director of First Infra Red Sensor Technology Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than First Infra Red Sensor Technology Limited and its director for our work or for this report. 

It is your duty to ensure that First Infra Red Sensor Technology 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 loss of First Infra Red Sensor Technology Limited. You consider that First Infra Red Sensor Technology Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of First Infra Red Sensor Technology 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.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
 
Date: 
26 June 2025
Page 1

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
REGISTERED NUMBER: 08208117

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
38,695
48,077

  
38,695
48,077

Current assets
  

Stocks
  
9,750
12,620

Debtors: amounts falling due within one year
 5 
494,486
441,450

Cash at bank and in hand
  
44,344
147

  
548,580
454,217

Creditors: amounts falling due within one year
 6 
(389,929)
(188,274)

Net current assets
  
 
 
158,651
 
 
265,943

Total assets less current liabilities
  
197,346
314,020

  

Net assets
  
197,346
314,020


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
197,246
313,920

  
197,346
314,020


Page 2

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
REGISTERED NUMBER: 08208117
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 June 2025.




................................................
Mrs K Barnett
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is Unit B5, Owen Road, Diss, IP22 4ER. The principle place of activity is Diss. 
The company's principal activity is that of manufacturing sensors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Page 4

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Taxation

The tax expense for the year comprises current tax.
Current tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 

Depreciation is provided on the following basis:

Long-term leasehold property
-
10% Straight line
Plant and machinery
-
25% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
25% Reducing balance
Office equipment
-
25% Reducing balance

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4)






Page 6

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 October 2023
41,923
20,480
83,494
4,889
14,852
165,638


Additions
-
1,413
-
-
225
1,638


Disposals
-
(299)
-
-
-
(299)



At 30 September 2024

41,923
21,594
83,494
4,889
15,077
166,977



Depreciation


At 1 October 2023
18,842
14,240
71,459
3,362
9,660
117,563


Charge for the year on owned assets
4,192
1,858
3,009
382
1,354
10,795


Disposals
-
(76)
-
-
-
(76)



At 30 September 2024

23,034
16,022
74,468
3,744
11,014
128,282



Net book value



At 30 September 2024
18,889
5,572
9,026
1,145
4,063
38,695



At 30 September 2023
23,082
6,240
12,035
1,528
5,192
48,077

Page 7

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
290,927
207,645

Other debtors
200,828
220,809

Prepayments and accrued income
2,731
12,996

494,486
441,450



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
6,443

Trade creditors
3,219
1,140

Other taxation and social security
120,772
62,469

Other creditors
255,605
108,761

Accruals and deferred income
10,333
9,461

389,929
188,274



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



8.


Pension commitments

Contributions totalling £197 (2023: £296) were payable to the fund at the balance sheet date and are included in creditors. 

Page 8

 
FIRST INFRA RED SENSOR TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Transactions with directors

As at 1 October 2023, the director's loan account was £178,228 overdrawn. During the year, the company made advances on behalf of the director totalling £165,592, and the director introduced funds into the company totalling £185,573.
As at the 30 September 2024, the director owed the company £158,247 as included within other debtors in note 5 to the financial statements. Interest was charged on the overdrawn balances at a rate of 2.25%, creating a charge of £3,706 for the year ended 30 September 2024. The loan is repayable on demand.

 
Page 9