REGISTERED NUMBER: SC526954 (Scotland)

Financial Statements

for the Year Ended

28th February 2025

for

Discovery Fire Sprinklers Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J C Bryceland

REGISTERED OFFICE:

138 Nethergate

Dundee

DD1 4ED

REGISTERED NUMBER:

SC526954 (Scotland)

FIXED ASSETS

Tangible assets

4

168,316

134,420

CURRENT ASSETS

Stocks

24,527

303,388

Debtors

5

241,989

239,775

Cash at bank

782,051

242,909

1,048,567

786,072

CREDITORS

Amounts falling due within one year

6

696,661

427,814

NET CURRENT ASSETS

351,906

358,258

TOTAL ASSETS LESS CURRENT LIABILITIES

520,222

492,678

CREDITORS

Amounts falling due after more than one year

7

14,985

31,124

NET ASSETS

505,237

461,554

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

504,237

460,554

SHAREHOLDERS' FUNDS

505,237

461,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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 30th October 2025 and were signed by:

J Bryceland - Director

1.	STATUTORY INFORMATION

Discovery Fire Sprinklers 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st March 2024

22,468

122,175

148,336

2,504

295,483

Additions

-

-

122,778

-

122,778

Disposals

-

-

(50,775

)

-

(50,775

)

At 28th February 2025

22,468

122,175

220,339

2,504

367,486

DEPRECIATION

At 1st March 2024

17,846

67,339

62,864

13,014

161,063

Charge for year

924

8,774

43,053

91

52,842

Eliminated on disposal

-

-

(14,735

)

-

(14,735

)

Reclassification/transfer

-

10,967

-

(10,967

)

-

At 28th February 2025

18,770

87,080

91,182

2,138

199,170

NET BOOK VALUE

At 28th February 2025

3,698

35,095

129,157

366

168,316

At 29th February 2024

4,622

54,836

85,472

(10,510

)

134,420

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

141,303

135,995

Other debtors

100,686

103,780

241,989

239,775

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

842

753

Hire purchase contracts

9,948

14,986

Trade creditors

173,237

289,356

Taxation and social security

82,649

115,314

Other creditors

429,985

7,405

696,661

427,814

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

14,985

31,124