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Registration number: 06702659

Firesec Compliance Limited

Filleted Financial Statements

for the Year Ended 30 September 2024

 

Firesec Compliance Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 9

 

Firesec Compliance Limited

Company Information

Directors

A J Wheal

M L Wheeler

P E Miller

Registered office

4 Swanbridge Industrial Park
Black Croft Road
Witham
Essex
CM8 3YN

Auditors

Clement Rabjohns Limited
Registered Auditors111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

Firesec Compliance Limited

(Registration number: 06702659)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

21,016

33,103

Current assets

 

Stocks

5

118,716

134,471

Debtors

6

706,826

778,214

Cash at bank and in hand

 

30,363

84,237

 

855,905

996,922

Creditors: Amounts falling due within one year

7

(597,530)

(703,832)

Net current assets

 

258,375

293,090

Total assets less current liabilities

 

279,391

326,193

Creditors: Amounts falling due after more than one year

7

(7,775)

(43,956)

Provisions for liabilities

(2,356)

(5,378)

Net assets

 

269,260

276,859

Capital and reserves

 

Called up share capital

100

100

Retained earnings

269,160

276,759

Shareholders' funds

 

269,260

276,859

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
M L Wheeler
Director

 

Firesec Compliance Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Swanbridge Industrial Park
Black Croft Road
Witham
Essex
CM8 3YN
United Kingdom

These financial statements were authorised for issue by the Board on 26 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 26 June 2025 was Philip Parsons FCA, who signed for and on behalf of Clement Rabjohns Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue 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.

 

Firesec Compliance Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

20% to 33% straight line

Plant and Machinery

25% straight line

Motor vehicles

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Firesec Compliance Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified 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 for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Firesec Compliance Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 40 (2023 - 32).

 

Firesec Compliance Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

102,785

5,291

108,076

Additions

8,941

-

8,941

At 30 September 2024

111,726

5,291

117,017

Depreciation

At 1 October 2023

73,881

1,092

74,973

Charge for the year

19,774

1,254

21,028

At 30 September 2024

93,655

2,346

96,001

Carrying amount

At 30 September 2024

18,071

2,945

21,016

At 30 September 2023

28,904

4,199

33,103

5

Stocks

2024
£

2023
£

Work in progress

26,509

14,520

Finished goods and goods for resale

92,207

119,951

118,716

134,471

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

470,663

487,979

Amounts owed by related parties

171,321

256,738

Prepayments

 

64,210

26,066

Other debtors

 

632

7,431

   

706,826

778,214

7

Creditors

Creditors: amounts falling due within one year

 

Firesec Compliance Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

36,182

45,000

Trade creditors

 

196,645

243,809

Amounts owed to group undertakings and undertakings in which the company has a participating interest

126,577

115,700

Taxation and social security

 

164,036

195,918

Accruals and deferred income

 

64,560

93,610

Other creditors

 

9,530

9,795

 

597,530

703,832

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

7,775

43,956

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

7,775

43,956

Current loans and borrowings

2024
£

2023
£

Bank borrowings

36,182

45,000

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

116,043

126,985

Later than one year and not later than five years

180,722

261,870

296,765

388,855

The amount of non-cancellable operating lease payments recognised as an expense during the year was £130,092 (2023 - £129,306).

 

Firesec Compliance Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

10

Financial commitments, guarantees and contingencies

Fixed and floating charges over the assets of the company are held by Ares Management Limited (dated 16 September 2022) and Rockpool (Security Trustee) Limited (dated 24 May 2023), as security for the Group.

11

Parent and ultimate parent undertaking

The company's immediate parent is EA-RS Group Limited, incorporated in the United Kingdom.

 The ultimate parent is EA-RS Fire Engineering Group Limited, incorporated in the United Kingdom.

  These financial statements are available upon request from 4 Swanbridge Industrial Park, Black Croft Road, Witham, Essex, CM8 3YN