ABC Fire & Security Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03681788

ABC Fire & Security Limited

Filleted Unaudited Abridged Financial Statements

31 December 2024

ABC Fire & Security Limited

Abridged Statement of Financial Position

31 December 2024

	2024		2023
			(restated)
Note	£	£	£

Fixed assets

Intangible assets	5	4,667	–
Tangible assets	6	461,939	482,688
		---------	---------
		466,606	482,688

Current assets

Stocks	11,000	10,000
Debtors	102,796	66,662
Cash at bank and in hand	31,818	43,446
	---------	---------
	145,614	120,108

Creditors: amounts falling due within one year	192,925		164,790
	---------		---------
Net current liabilities		47,311	44,682
		---------	---------
Total assets less current liabilities		419,295	438,006

Creditors: amounts falling due after more than one year		230,643	250,974

Provisions

Taxation including deferred tax	18,274	20,737
	---------	---------
Net assets	170,378	166,295
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	170,278	166,195
	---------	---------
Shareholders funds	170,378	166,295
	---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

ABC Fire & Security Limited

Abridged Statement of Financial Position (continued)

31 December 2024

All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 16 September 2025 , and are signed on behalf of the board by:

Mr P Athersmith

Director

Company registration number: 03681788

ABC Fire & Security Limited

Notes to the Abridged Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Regent House, Bath Avenue, Wolverhampton, WV1 4EG.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

(c) Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

(d) Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	over 15 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment	-	25 % reducing balance
Motor vehicles	-	25 % reducing balance

(g) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(h) Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

(i) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(j) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2023: 9 ).

5. Intangible assets

	£
Cost
At 1 January 2024 (as restated)	–
Additions	5,000
	-------
At 31 December 2024	5,000
	-------
Amortisation
At 1 January 2024	–
Charge for the year	333
	-------
At 31 December 2024	333
	-------
Carrying amount
At 31 December 2024	4,667
	-------
At 31 December 2023	–
	-------

6. Tangible assets

	£
Cost
At 1 January 2024 as restated	594,346
Additions	17,965
	---------
At 31 December 2024	612,311
	---------
Depreciation
At 1 January 2024	111,658
Charge for the year	38,714
	---------
At 31 December 2024	150,372
	---------
Carrying amount
At 31 December 2024	461,939
	---------
At 31 December 2023	482,688
	---------

7. Prior year adjustment

The company transitioned from FRS 105 (The Financial Reporting Standard applicable to the Micro-entities Regime) to FRS 102 Section 1A (The Financial Reporting Standard applicable to small entities) for the financial year ended 31 December 2024. Under FRS 105, deferred tax was not recognised. On transition to FRS 102 Section 1A, the company is required to recognise deferred tax assets and liabilities in accordance with Section 29 of FRS 102. As a result, a deferred tax liability of £19,427 has been recognised in respect of timing differences arising on accelerated capital allowances. This has been accounted for as a prior year adjustment and the comparative figures for the year ended 31 December 2023 have been restated accordingly.