Registered number
03445791
Firesolve Limited
Unaudited Filleted Accounts
31 March 2025
Firesolve Limited
Registered number: 03445791
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 271,387 277,526
Current assets
Stocks 116,630 111,488
Debtors 4 1,155,915 1,178,938
Cash at bank and in hand 426,966 291,196
1,699,511 1,581,622
Creditors: amounts falling due within one year 5 (268,276) (222,214)
Net current assets 1,431,235 1,359,408
Total assets less current liabilities 1,702,622 1,636,934
Creditors: amounts falling due after more than one year 6 - (10,091)
Provisions for liabilities (62,495) (48,403)
Net assets 1,640,127 1,578,440
Capital and reserves
Called up share capital 130 130
Profit and loss account 1,639,997 1,578,310
Shareholder's funds 1,640,127 1,578,440
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr C Capstick
Director
Approved by the board on 11 August 2025
Firesolve Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Improvements to land and buildings 10% straight line
Plant and machinery 25% straight line
Fixtures, fittings, tools and equipment 25% straight line
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 19 20
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 8,889 107,960 407,141 523,990
Additions - - 124,029 124,029
Disposals - - (82,500) (82,500)
At 31 March 2025 8,889 107,960 448,670 565,519
Depreciation
At 1 April 2024 8,889 104,054 133,521 246,464
Charge for the year - 2,154 83,464 85,618
On disposals - - (37,950) (37,950)
At 31 March 2025 8,889 106,208 179,035 294,132
Net book value
At 31 March 2025 - 1,752 269,635 271,387
At 31 March 2024 - 3,906 273,620 277,526
4 Debtors 2025 2024
£ £
Trade debtors 261,181 275,071
Amounts owed by group undertakings and undertakings in which the company has a participating interest 872,272 889,914
Other debtors 22,462 13,953
1,155,915 1,178,938
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 10,083 10,803
Trade creditors 81,813 55,799
Taxation and social security costs 172,186 148,344
Other creditors 4,194 7,268
268,276 222,214
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts - 10,091
7 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 1,922 3,070
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr C Capstick
Interest free and repayable on demand - 6,926 - 6,926
- 6,926 - 6,926
9 Related party transactions
Payments to key management personnel in the year included salaries of £10,000, benefits in kind of £2,630 and pension contributions of £60,000. At the balance sheet date £198,203 was due from Firesolve Holdings Limited and £674,069 was due from Firesolve Properties Limited. The loan to Firesolve Properties Limited is subject to interest of 2.5% accruing on a daily basis and payable annually.
10 Controlling party
The company's immediate parent is Firesolve Holdings Limited, a private limited company incorporated in England and Wales.
11 Other information
Firesolve Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2A Technology Park
Station Road
Skelmanthorpe
Huddersfield
HD8 9GA
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