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REGISTERED NUMBER: 07948123 (England and Wales)










Aalto Fire Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2025






Aalto Fire Ltd (Registered number: 07948123)






Contents of the Financial Statements
for the year ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aalto Fire Ltd

Company Information
for the year ended 28 February 2025







DIRECTOR: J J O'Brien





REGISTERED OFFICE: Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ





REGISTERED NUMBER: 07948123 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

Aalto Fire Ltd (Registered number: 07948123)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,251 19,391
14,251 19,391

CURRENT ASSETS
Debtors 6 199,095 190,785

CREDITORS
Amounts falling due within one year 7 (143,648 ) (95,325 )
NET CURRENT ASSETS 55,447 95,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,698

114,851

CREDITORS
Amounts falling due after more than one
year

8

(66,639

)

(100,375

)

PROVISIONS FOR LIABILITIES (2,654 ) (3,684 )
NET ASSETS 405 10,792

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 403 10,790
SHAREHOLDERS' FUNDS 405 10,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Aalto Fire Ltd (Registered number: 07948123)

Balance Sheet - continued
28 February 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2025 and were signed by:





J J O'Brien - Director


Aalto Fire Ltd (Registered number: 07948123)

Notes to the Financial Statements
for the year ended 28 February 2025

1. STATUTORY INFORMATION

Aalto Fire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Aalto Fire Ltd (Registered number: 07948123)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 25% on reducing balance

All tangible fixed assets are at cost less accumulated depreciation. 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.

Assets held under finance lease are depreciated in the same manner as owned assets.

Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as detailed above.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are credited or charged to the income statement.

Impairment of fixed assets
At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income immediately.

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 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.


Aalto Fire Ltd (Registered number: 07948123)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

2. ACCOUNTING POLICIES - continued
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 of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 10,000
AMORTISATION
At 1 March 2024
and 28 February 2025 10,000
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

Aalto Fire Ltd (Registered number: 07948123)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 37,347
Additions 1,139
Disposals (10,849 )
At 28 February 2025 27,637
DEPRECIATION
At 1 March 2024 17,956
Charge for year 5,232
Eliminated on disposal (9,802 )
At 28 February 2025 13,386
NET BOOK VALUE
At 28 February 2025 14,251
At 29 February 2024 19,391

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2024
and 28 February 2025 16,250
DEPRECIATION
At 1 March 2024 1,354
Charge for year 3,724
At 28 February 2025 5,078
NET BOOK VALUE
At 28 February 2025 11,172
At 29 February 2024 14,896

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 75,635 38,579
Other debtors 123,460 152,206
199,095 190,785

Aalto Fire Ltd (Registered number: 07948123)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans and overdrafts 16,991 16,297
Hire purchase contracts (see note 9) 3,697 3,355
Trade creditors 47,175 6,389
Taxation and social security 43,787 27,560
Other creditors 31,998 41,724
143,648 95,325

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Bank loans 3,113 14,313
Hire purchase contracts (see note 9) 7,402 11,100
Other creditors 56,124 74,962
66,639 100,375

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
28.2.25 29.2.24
£    £   
Net obligations repayable:
Within one year 3,697 3,355
Between one and five years 7,402 11,100
11,099 14,455

Non-cancellable
operating leases
28.2.25 29.2.24
£    £   
Within one year 15,388 6,110
Between one and five years 10,686 6,021
26,074 12,131

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. During the year £9,471 (2024: £8,743) has been charged to the profit and loss account in respect of pension contributions. Contributions totalling £654 (2024: Nil) were payable to the fund at the balance sheet date and are included in creditors.

Aalto Fire Ltd (Registered number: 07948123)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25 29.2.24
£    £   
J J O'Brien
Balance outstanding at start of year 130,641 94,640
Amounts advanced 70,964 130,327
Amounts repaid (99,696 ) (94,326 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 101,909 130,641