Company registration number 03672680 (England and Wales)
BARRIER FIRE PROTECTION LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
BARRIER FIRE PROTECTION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
BARRIER FIRE PROTECTION LIMITED
COMPANY INFORMATION
Directors
Mr AE Nightingale
Mr DA Alderson
Mr D Shaw
Mrs E Bowles
Mr AP Spoors
Secretary
Mr AP Spoors
Company number
03672680
Registered office
Pearl Buildings
Stephenson Street
Willington Quay
Wallsend
Tyne and Wear
NE28 6UE
Auditor
Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
Tyne and Wear
England
NE2 1TJ
Bankers
Lloyds Bank PLC
Bedford Street
North Shields
Tyne and Wear
NE29 0AU
BARRIER FIRE PROTECTION LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
290,417
242,841
Investments
4
261,975
502,502
552,392
745,343
Current assets
Stocks
5
105,720
85,904
Debtors
6
3,013,789
2,993,540
Cash at bank and in hand
1,436,242
936,147
4,555,751
4,015,591
Creditors: amounts falling due within one year
7
(1,634,939)
(1,489,401)
Net current assets
2,920,812
2,526,190
Total assets less current liabilities
3,473,204
3,271,533
Creditors: amounts falling due after more than one year
8
(50,079)
-
0
Provisions for liabilities
(50,152)
(11,920)
Net assets
3,372,973
3,259,613
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
3,372,873
3,259,513
Total equity
3,372,973
3,259,613

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

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

The financial statements were approved by the board of directors and authorised for issue on 17 July 2025 and are signed on its behalf by:
Mr DA Alderson
Director
Company registration number 03672680 (England and Wales)
BARRIER FIRE PROTECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Barrier Fire Protection Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pearl Buildings, Stephenson Street, Willington Quay, Wallsend, Tyne and Wear, NE28 6UE.

1.1
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 company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

Barrier Fire Protection Limited is a subsidiary of Barrier Group Limited and the results of Barrier Fire Protection Limited are included in the consolidated financial statements of Barrier Group Limited which are available from Pearl Buildings, Stephenson Street, Willington Quay, Wallsend, Tyne and Wear.

1.2
Turnover

Turnover shown in the profit and loss account comprises the value of goods sold during the year, excluding value added tax. In respect of long-term contracts and contracts for on-going services, turnover is recognised by reference to the stage of completion.

1.3
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold land and buildings
Straight line over 10 years
Plant and equipment
Straight line over 10 years
Computers
33% on cost
Motor vehicles
25% on cost
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.5
Stocks

Stocks and work in progress are stated at the lower of cost and net realisable value. Cost comprises the purchase price of goods and other directly attributable costs. Net realisable value is based on estimated selling price less all further costs to completion and all relevant marketing, selling and distribution costs.

BARRIER FIRE PROTECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

 

Current or deferred taxation assets and liabilities are not discounted.

Current tax

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

 

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

 

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

1.7
Retirement benefits

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

1.8
Leases

Rentals payable under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

 

1.9
Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

1.10

Amounts recoverable on contracts

Amounts recoverable on contracts represent turnover which has not yet been invoiced to customers on long-term contracts. Amounts in respect of contracts included in turnover, net of payments received on account are separately disclosed within debtors. Cash received in excess of the value of work done is shown in creditors as payments on account.

 

Profits are recognised on long-term contracts where the final outcome can be assessed with reasonable certainty. Full provision is made for all known or anticipated losses on each contract immediately such losses are forecast.

BARRIER FIRE PROTECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
2
Employees

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

2024
2023
Number
Number
Total
71
63
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2023
11,360
765,309
17,754
186,659
981,082
Additions
-
0
44,538
-
0
82,297
126,835
Disposals
-
0
-
0
-
0
(26,535)
(26,535)
At 31 October 2024
11,360
809,847
17,754
242,421
1,081,382
Depreciation and impairment
At 1 November 2023
1,231
546,485
11,203
179,322
738,241
Depreciation charged in the year
1,136
59,099
3,364
15,660
79,259
Eliminated in respect of disposals
-
0
-
0
-
0
(26,535)
(26,535)
At 31 October 2024
2,367
605,584
14,567
168,447
790,965
Carrying amount
At 31 October 2024
8,993
204,263
3,187
73,974
290,417
At 31 October 2023
10,129
218,824
6,551
7,337
242,841
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
261,975
502,502
BARRIER FIRE PROTECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
4
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 November 2023 & 31 October 2024
502,502
Impairment
At 1 November 2023
-
Impairment losses
240,527
At 31 October 2024
240,527
Carrying amount
At 31 October 2024
261,975
At 31 October 2023
502,502
5
Stocks
2024
2023
£
£
Stocks
105,720
85,904
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,454,648
2,090,545
Gross amounts owed by contract customers
5,000
103,118
Amounts owed by group undertakings
507,711
668,608
Other debtors
46,430
131,269
3,013,789
2,993,540
BARRIER FIRE PROTECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
9
38,945
-
0
Trade creditors
486,465
769,834
Amounts owed to group undertakings
297,691
-
0
Taxation and social security
165,977
87,962
Other creditors
564,850
555,750
Accruals and deferred income
81,011
75,855
1,634,939
1,489,401
8
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
9
50,079
-
0
9
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
38,945
-
0
In two to five years
50,079
-
0
89,024
-
0

The hire purchase creditor is secured against the assets to which it relates.

10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Michael T Moran BA FCA
Statutory Auditor:
Robson Laidler Accountants Limited
Date of audit report:
17 July 2025
BARRIER FIRE PROTECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 7 -
11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
902,499
1,042,499
12
Related party disclosures

The company has taken advantage of exemption under the terms of Financial Reporting Standard 102 ;The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13
Parent company

Barrier Group Limited is the parent undertaking of the group within which Barrier Fire Protection belongs. The registered address of the parent company is the same as that of the subsidiary.

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