Fifteen Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05711050

Fifteen Group Limited

Filleted Unaudited Financial Statements

28 February 2025

Fifteen Group Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	7		217,906	229,553

Current assets

Stocks	8	388,463	337,187
Debtors	9	991,912	1,170,031
Cash at bank and in hand		257,673	140,871
		------------	------------
		1,638,048	1,648,089

Creditors: amounts falling due within one year	10	1,425,518		1,395,564
		------------		------------
Net current assets			212,530	252,525
			---------	---------
Total assets less current liabilities			430,436	482,078

Creditors: amounts falling due after more than one year	11		76,938	127,570

Provisions

Taxation including deferred tax	57,390	62,580
	---------	---------
Net assets	296,108	291,928
	---------	---------

Fifteen Group Limited

Statement of Financial Position (continued)

28 February 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	296,008	291,828
	---------	---------
Shareholders funds	296,108	291,928
	---------	---------

These 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 28 February 2025 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 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 financial statements .

These financial statements were approved by the board of directors and authorised for issue on 10 November 2025 , and are signed on behalf of the board by:

Mr R K Adams	Mr M R Adams
Director	Director

Mr M Graham
Director

Company registration number: 05711050

Fifteen Group Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, Park Hall Business Village, Stoke-on-Trent, Staffs, ST3 5XA.

2. Statement of compliance

These 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

Basis of preparation

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

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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	-	20% 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.

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.

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:

Leasehold Property	-	100% straight line
Short Leasehold	-	20% straight line
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

	Equipment	-	33% straight line

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the 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.

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 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.

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 31 (2024: 42 ).

5. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	60,000	200,000
Dividends proposed after the year end and not recognised as a liability	100,000	60,000
	---------	---------

6. Intangible assets

	Goodwill
	£
Cost
At 1 March 2024 and 28 February 2025	55,000
	--------
Amortisation
At 1 March 2024 and 28 February 2025	55,000
	--------
Carrying amount
At 28 February 2025	–
	--------
At 29 February 2024	–
	--------

7. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 March 2024	2,000	99,505	331,419	72,677	505,601
Additions	9,452	19,631	26,508	13,670	69,261
Disposals	( 2,000)	–	–	( 46,171)	( 48,171)
	-------	---------	---------	--------	---------
At 28 February 2025	9,452	119,136	357,927	40,176	526,691
	-------	---------	---------	--------	---------
Depreciation
At 1 March 2024	2,000	65,024	149,538	59,486	276,048
Charge for the year	1,890	13,529	52,098	13,392	80,909
Disposals	( 2,000)	–	–	( 46,172)	( 48,172)
	-------	---------	---------	--------	---------
At 28 February 2025	1,890	78,553	201,636	26,706	308,785
	-------	---------	---------	--------	---------
Carrying amount
At 28 February 2025	7,562	40,583	156,291	13,470	217,906
	-------	---------	---------	--------	---------
At 29 February 2024	–	34,481	181,881	13,191	229,553
	-------	---------	---------	--------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 28 February 2025	146,302
	---------
At 29 February 2024	172,106
	---------

Capital commitments

	2025	2024
	£	£
Contracted for but not provided for in the financial statements	22,703	–
	--------	----

8. Stocks

	2025	2024
	£	£
Raw materials and consumables	201,038	237,187
Work in progress	187,425	100,000
	---------	---------
	388,463	337,187
	---------	---------

9. Debtors

	2025	2024
	£	£
Trade debtors	721,945	940,814
Prepayments and accrued income	50,080	52,474
Other debtors	219,887	176,743
	---------	------------
	991,912	1,170,031
	---------	------------

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	65,827	44,391
Trade creditors	566,694	660,025
Corporation tax	21,314	72,831
Social security and other taxes	163,463	191,542
Other creditors	608,220	426,775
	------------	------------
	1,425,518	1,395,564
	------------	------------

Within other creditors Nil(2023 £209,144) is secured against trade debtors.

11. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,500	12,037
Other creditors	75,438	115,533
	--------	---------
	76,938	127,570
	--------	---------

12. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2025	2024
	£	£
Not later than 1 year	66,177	67,444
Later than 1 year and not later than 5 years	82,324	127,082
	---------	---------
	148,501	194,526
Less: future finance charges	( 14,760)	( 21,540)
	---------	---------
Present value of minimum lease payments	133,741	172,986
	---------	---------

13. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	9,867	–
Later than 1 year and not later than 5 years	177,121	–
	---------	----
	186,988	–
	---------	----

14. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R K Adams	–	56,134	( 56,134)	–
Mr M R Adams	–	25,376	( 25,376)	–
Mr I W Walker	–	–	–	–
Mr M Graham	–	27,167	( 27,167)	–
	----	---------	---------	----
	–	108,677	( 108,677)	–
	----	---------	---------	----

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R K Adams	–	76,387	( 76,387)	–
Mr M R Adams	–	14,663	( 14,663)	–
Mr I W Walker	–	19,310	( 19,310)	–
Mr M Graham	–	48,994	( 48,994)	–
	----	---------	---------	----
	–	159,354	( 159,354)	–
	----	---------	---------	----

15. Related party transactions

The company was under the control of Mr R Adams, Mr M Adams, Mr I Walker and Mr M Graham during the year. The company has transactions with other companies under common control as follows: 15 Digital Developers Ltd. The company received goods and service of £156,000. At the year end, £28,179 was owed by 15 Digital Developers Ltd Fifteen Holdings Ltd. The company incurred charges of £121,137 from Fifteen Holdings Ltd A dividend of £60,000 was paid to Fifteen Holdings Ltd during the year. The company owed £844 to Fifteen Holdings Ltd and was owed £321,138 by Fifteen Holdings Ltd Fifteen Communications Ltd. The company incurred Charges of £27,600 from Fifteen Communications Ltd At the year end, NIl was owing to Fifteen Communications Ltd and was owed £285 by Fifteen Communications Ltd. Pegasus Fire & Security Ltd. All of the directors in Fifteen Group Ltd are directors in Pegasus Fire & Security Ltd. The company incurred charges of £43,500 from Pegasus Fire & Security Ltd. At the year end, £119,058 was owing to Pegasus Fire & Security Ltd At the year end, £Nil was owed ByPegasus Fire & Security Ltd

16. Controlling party

The company is a 100% subsidiary of Fifteen Holdings Ltd Whose registered office is Suite 1 Third Floor Churchill House Regent Road Stoke-on-Trent ST1 3JJ