Registered number
06285842
Fire Core Solutions Limited
Report and Accounts
31 October 2024
Fire Core Solutions Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 5
Notes to the accounts 6
Fire Core Solutions Limited
Company Information
Directors
MA Finney
DT Finney
TP McGuire
JW Vann
Registered office
Unit 11 Spartan Ind Centre
Brickhouse Lane
Great Bridge
West Midlands
Registered number
06285842
Fire Core Solutions Limited
Registered number: 06285842
Directors' Report
The directors present their report and accounts for the year ended 31 October 2024.
Principal activities
The company's principal activity commenced during the year on 16th April 2023 and comprises the provision of timber products and door cores to the construction industry.
Directors
The following persons served as directors during the year:
MA Finney
DT Finney
TP McGuire
JW Vann
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 25 July 2025 and signed on its behalf.
DT Finney
Director
Fire Core Solutions Limited
Profit and Loss Account
for the year ended 31 October 2024
2024 2023
£ £
Turnover 602,721 188,627
Cost of sales (315,438) (96,671)
Gross profit 287,283 91,956
Administrative expenses (258,034) (125,021)
Other operating income - 47,613
Operating profit 29,249 14,548
Profit before taxation 29,249 14,548
Tax on profit (7,312) (3,276)
Profit for the financial year 21,937 11,272
Fire Core Solutions Limited
Registered number: 06285842
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 95,339 87,481
Cash at bank and in hand 130,551 97,497
225,890 184,978
Creditors: amounts falling due within one year 4 (192,679) (173,704)
Net current assets 33,211 11,274
Net assets 33,211 11,274
Capital and reserves
Called up share capital 2 2
Profit and loss account 33,209 11,272
Shareholders' funds 33,211 11,274
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MA Finney
Director
Approved by the board on 25 July 2025
Fire Core Solutions Limited
Statement of Changes in Equity
for the year ended 31 October 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 November 2022 2 - - - 2
Profit for the financial year 11,272 11,272
At 31 October 2023 2 - - 11,272 11,274
At 1 November 2023 2 - - 11,272 11,274
Profit for the financial year 21,937 21,937
At 31 October 2024 2 - - 33,209 33,211
Fire Core Solutions Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Debtors 2024 2023
£ £
Trade debtors 43,208 87,481
Other debtors 52,131 -
95,339 87,481
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 69,284 19,222
Amounts owed to group undertakings and undertakings in which the company has a participating interest 130,000 125,000
Taxation and social security costs (6,605) 29,482
192,679 173,704
5 Related party transactions
The following companies are related parties by virtue of being controlled by the directors MA Finney, DT Finney, TP McGuire and JW Vann who controlled the issued share capital of each company by virtue of their own and their direct family members' shareholdings.
Sales Purchases Debtor Creditor
Year 31 October 2023 £ £ £ £
FSC Doors Ltd 125,000 125,000
Midland Building Products Ltd 25,155
ZMR Ltd 211,085 87,481
6 Controlling party
During the year the company was under the control of FSC Doors Limited by virtue of its ownership of the the entire issued share capital. During the previous period the company was under the control of Messrs MT Finney and JP Mcguire.
7 Other information
Fire Core Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 11 Spartan Ind Centre
Brickhouse Lane
Great Bridge
West Midlands
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