REGISTERED NUMBER: SC471682 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Ignis Fire Safety Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Mackenzie

REGISTERED OFFICE:

98 Glenfinnan Drive

Dumbarton

Dunbartonshire

G82 2EJ

REGISTERED NUMBER:

SC471682 (Scotland)

ACCOUNTANTS:

Clements

Chartered Accountants

17 Colquhoun Square

Helensburgh

G84 8AD

FIXED ASSETS

Tangible assets

4

18,767

24,713

CURRENT ASSETS

Stocks

5,000

5,250

Debtors

5

52,378

13,429

Cash at bank and in hand

1,150

-

58,528

18,679

CREDITORS

Amounts falling due within one year

6

52,333

21,914

NET CURRENT ASSETS/(LIABILITIES)

6,195

(3,235

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,962

21,478

CREDITORS

Amounts falling due after more than one year

7

(11,837

)

(16,142

)

PROVISIONS FOR LIABILITIES

(3,566

)

(4,695

)

NET ASSETS

9,559

641

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9,459

541

SHAREHOLDERS' FUNDS

9,559

641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2025 and were signed by:

C Mackenzie - Director

1.	STATUTORY INFORMATION

Ignis Fire Safety Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the year. Revenue is recognised when the company has the right to receive it.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and selling price less cost to complete and sell.

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

27,671

Additions

648

Disposals

(399

)

At 31 March 2023

27,920

DEPRECIATION

At 1 April 2022

2,958

Charge for year

6,328

Eliminated on disposal

(133

)

At 31 March 2023

9,153

NET BOOK VALUE

At 31 March 2023

18,767

At 31 March 2022

24,713

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

25,922

DEPRECIATION

At 1 April 2022

1,620

Charge for year

6,076

At 31 March 2023

7,696

NET BOOK VALUE

At 31 March 2023

18,226

At 31 March 2022

24,302

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

11,343

13,429

Other debtors

41,035

-

52,378

13,429

Included in other debtors is the director's current account which is unsecured, interest free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

-

29

Hire purchase contracts

4,304

4,304

Trade creditors

6,937

1,270

Taxation and social security

36,927

10,850

Other creditors

4,165

5,461

52,333

21,914

Included in other creditors is the director's current account which is unsecured, interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

11,837

16,142

8.	RELATED PARTY DISCLOSURES

Dividends paid to the director nil (2022 £25,000).

9.	GOVERNMENT GRANTS

During the period the company benefited from nil (2022 £3,737) of government grants from the Coronavirus Job Retention Scheme. In accordance with our accounting policy these credits are included in other income within the Income Statement over the same period as the staff costs for which they compensate.