Fire Safety & Security Limited

(Registration number: 04973059)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	598	1,087
Current assets
Stocks	6	-	695
Debtors	7	1,977	7,708
Cash at bank and in hand		2,731	7,944
		4,708	16,347
Creditors: Amounts falling due within one year	8	(5,099)	(14,788)
Net current (liabilities)/assets		(391)	1,559
Total assets less current liabilities		207	2,646
Creditors: Amounts falling due after more than one year	8	-	(1,133)
Provisions for liabilities		(114)	(207)
Net assets		93	1,306
Capital and reserves
Called up share capital		1	1
Retained earnings		92	1,305
Shareholders' funds		93	1,306

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Fire Safety & Security Limited

(Registration number: 04973059)
Balance Sheet as at 31 December 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... G W Wood Director

Fire Safety & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Fire Safety & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2	Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on reducing balance
Motor vehicles	25% on reducing balance
Office equipment	Straight line over 3 years

Fire Safety & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

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

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contracted arrangement, as either financial assets or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.
 

Fire Safety & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2024	4,000	4,000
At 31 December 2024	4,000	4,000
Amortisation
At 1 January 2024	4,000	4,000
At 31 December 2024	4,000	4,000
Carrying amount
At 31 December 2024	-	-

Fire Safety & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Office equipment £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	6,493	1,169	7,662
At 31 December 2024	6,493	1,169	7,662
Depreciation
At 1 January 2024	5,578	998	6,576
Charge for the year	462	26	488
At 31 December 2024	6,040	1,024	7,064
Carrying amount
At 31 December 2024	453	145	598
At 31 December 2023	915	172	1,087

6

Stocks

	2024 £	2023 £
Stocks	-	695

Fire Safety & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current	2024 £	2023 £
Trade debtors	-	2,563
Prepayments	-	5,145
Other debtors	1,977	-
	1,977	7,708

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	10	1,133	800
Trade creditors		-	4,646
Taxation and social security		1,523	4,552
Accruals and deferred income		2,443	2,370
Other creditors		-	2,420
		5,099	14,788

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	10	-	1,133

Fire Safety & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
G W Wood
Directors Loan Account	(2,420)	13,169	(8,772)	1,977

2023	At 1 January 2023 £	Advances to director £	Repayments by director £	At 31 December 2023 £
G W Wood
Directors Loan Account	(1,200)	31,349	(32,569)	(2,420)

The loan to the director is provided interest free and is repayable on demand. No s455 tax has been provided as the loan has been repaid within 9 months of the year end.

Fire Safety & Security Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	-	1,133

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	1,133	800