Company registration number 08790345 (England and Wales)
FIRE ALERT UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
FIRE ALERT UK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FIRE ALERT UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
31 December
31 March
2024
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
6,948
7,684
Tangible assets
4
7,773
12,760
14,721
20,444
Current assets
Debtors
5
127,147
136,181
Cash at bank and in hand
103,708
101,948
230,855
238,129
Creditors: amounts falling due within one year
6
(101,664)
(122,475)
Net current assets
129,191
115,654
Total assets less current liabilities
143,912
136,098
Creditors: amounts falling due after more than one year
7
(10,105)
Net assets
143,912
125,993
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
143,908
125,989
Total equity
143,912
125,993
FIRE ALERT UK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
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 period ended 31 December 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 period 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 24 July 2025 and are signed on its behalf by:
Mr J M Lidstone
Director
Company Registration No. 08790345
FIRE ALERT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
Fire Alert UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 Imperial House, Dawlish Business Park, Dawlish, Devon, EX7 ONH.
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 principal accounting policies adopted are set out below.
1.2
Reporting period
During the year, the company shortened its accounting period to 31 December 2024, resulting in a reporting period of 9 months. The results, are therefore not directly comparable to the comparative information which reflects a 12 month period.
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.4
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Plant and machinery
33.3% per annum on cost
Motor vehicles
20% per annum on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Taxation
The tax expense represents tax currently payable.
FIRE ALERT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
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.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
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 period was:
2024
2024
Number
Number
Total
2
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 December 2024
9,810
Amortisation and impairment
At 1 April 2024
2,126
Amortisation charged for the period
736
At 31 December 2024
2,862
Carrying amount
At 31 December 2024
6,948
At 31 March 2024
7,684
FIRE ALERT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 December 2024
37,694
Depreciation and impairment
At 1 April 2024
24,934
Depreciation charged in the period
4,987
At 31 December 2024
29,921
Carrying amount
At 31 December 2024
7,773
At 31 March 2024
12,760
5
Debtors
2024
2024
Amounts falling due within one year:
£
£
Trade debtors
69,968
125,073
Other debtors
57,179
11,108
127,147
136,181
6
Creditors: amounts falling due within one year
2024
2024
£
£
Trade creditors
1,608
25,475
Taxation and social security
33,031
37,404
Other creditors
67,025
59,596
101,664
122,475
Included in other creditors is £11,036 (March 2024: £3,722) relating to finance lease contracts that are secured against the assets to which they relate.
7
Creditors: amounts falling due after more than one year
2024
2024
£
£
Other creditors
10,105
FIRE ALERT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
7
Creditors: amounts falling due after more than one year
(Continued)
- 6 -
Included in other creditors is £Nil (March 2024: £10,105) relating to finance lease contracts that are secured against the assets to which they relate.
8
Related party transactions
At 31 December 2024 there was a loan outstanding of £53,574 (March 2024: £53,574) from the father of one of the directors. The loan was unsecured, interest free and repayable on demand.
9
Directors' transactions
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Two directors
2.25
4,392
55,232
(6,958)
52,666
4,392
55,232
(6,958)
52,666
The loan was unsecured and repayable on demand.