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Company Registration No. NI684320 (Northern Ireland)
Zenith Fire Safety Ltd. Unaudited accounts for the year ended 31 December 2024
Zenith Fire Safety Ltd. Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Zenith Fire Safety Ltd. Company Information for the year ended 31 December 2024
Director
Philip Kydd
Company Number
NI684320 (Northern Ireland)
Registered Office
34 KNOCKMOYLE DRIVE ANTRIM BT41 1HE NORTHERN IRELAND
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
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Zenith Fire Safety Ltd. Accountants' report
Accountants' report to the director of Zenith Fire Safety Ltd. on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Zenith Fire Safety Ltd. for the year ended 31 December 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Zenith Fire Safety Ltd., as a body, in accordance with the terms of our engagement letter dated 6 December 2021. Our work has been undertaken solely to prepare for your approval the accounts of Zenith Fire Safety Ltd. and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zenith Fire Safety Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Zenith Fire Safety Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Zenith Fire Safety Ltd.. You consider that Zenith Fire Safety Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Zenith Fire Safety Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE 1 August 2025
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Zenith Fire Safety Ltd. Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
10,814
526
Current assets
Debtors
5
(11,878)
937
Cash at bank and in hand
12,490
4,705
612
5,642
Creditors: amounts falling due within one year
6
(11,425)
(4,412)
Net current (liabilities)/assets
(10,813)
1,230
Net assets
1
1,756
Capital and reserves
Called up share capital
1
1
Profit and loss account
-
1,755
Shareholders' funds
1
1,756
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 September 2025 and were signed on its behalf by
Philip Kydd Director Company Registration No. NI684320
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Zenith Fire Safety Ltd. Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Zenith Fire Safety Ltd. is a private company, limited by shares, registered in Northern Ireland, registration number NI684320. The registered office is 34 KNOCKMOYLE DRIVE, ANTRIM, BT41 1HE, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Zenith Fire Safety Ltd. Notes to the Accounts for the year ended 31 December 2024
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
-
1,052
1,052
Additions
14,068
-
14,068
At 31 December 2024
14,068
1,052
15,120
Depreciation
At 1 January 2024
-
526
526
Charge for the year
3,517
263
3,780
At 31 December 2024
3,517
789
4,306
Net book value
At 31 December 2024
10,551
263
10,814
At 31 December 2023
-
526
526
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Zenith Fire Safety Ltd. Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
192
559
Trade debtors
(12,070)
378
(11,878)
937
6
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases and hire purchase contracts
14,140
-
Trade creditors
-
72
Taxes and social security
463
463
Loans from directors
(3,553)
3,502
Accruals
375
375
11,425
4,412
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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