Geco Fire Systems Limited - Filleted accounts

Registered number

10672605

Geco Fire Systems Limited

Filleted Accounts

31 March 2025

Geco Fire Systems Limited
Registered number:		10672605
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		3,620			4,830

Current assets
Debtors	5	24,106			27,224

Creditors: amounts falling due within one year	6	(26,557)			(27,715)

Net current liabilities			(2,451)			(491)

Total assets less current liabilities			1,169			4,339

Creditors: amounts falling due after more than one year	7		(600)			(4,200)



Net assets			569			139

Capital and reserves
Called up share capital			100			100
Profit and loss account			469			39

Shareholders' funds			569			139

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.




S D Cooper
Director
Approved by the board on 12 September 2025

Geco Fire Systems 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.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Goodwill is amortised on a straight line basis over 5 years.

	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:

	Motor vehicles			25% reducing balance
	Computer equipment			33% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	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. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							20,000
	At 31 March 2025							20,000

	Amortisation
	At 1 April 2024							20,000
	At 31 March 2025							20,000

	Net book value
	At 31 March 2025							-


4	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2024			772		20,342		21,114
	At 31 March 2025			772		20,342		21,114

	Depreciation
	At 1 April 2024			772		15,512		16,284
	Charge for the year			-		1,210		1,210
	At 31 March 2025			772		16,722		17,494

	Net book value
	At 31 March 2025			-		3,620		3,620
	At 31 March 2024			-		4,830		4,830


5	Debtors					2025		2024
£							£

	Trade debtors					11,030		16,077
	Other debtors					13,076		11,147
						24,106		27,224


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					4,727		8,558
	Trade creditors					709		45
	Other taxes and social security costs					20,646		18,512
	Other creditors					475		600
						26,557		27,715


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					600		4,200


8	Loans to directors
	Interest free loan	B/fwd	Paid		Repaid		C/fwd
£			£		£		£

	G M Cooper	2,436		965		-		3,401


	S D Cooper	2,436		964		-		3,400

		4,872		1,929		-		6,801


9	Other information

	Geco Fire Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
	6A Little Aston Lane
	Little Aston
	Sutton Coldfield
	B74 3UF