Registration number: NI656190

Structural Fire Solutions Limited

(Registration number: NI656190)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,133	5,289
Current assets
Stocks	5	486,871	576,090
Debtors	6	62,662	21,485
Cash at bank and in hand		243,693	135,840
		793,226	733,415
Creditors : due within one year	7	(63,423)	(113,298)
Net current assets		729,803	620,117
Total assets less current liabilities		733,936	625,406
Provisions for liabilities		(1,033)	(1,322)
Net assets		732,903	624,084
Capital and reserves
Called up share capital	8	100	100
Retained earnings		732,803	623,984
Shareholders' funds		732,903	624,084

For the financial year ending 31 March 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 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.

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.

Structural Fire Solutions Limited

(Registration number: NI656190)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 29 July 2025 and signed on its behalf by:
 

......................................... Mr John Joe O'Neill Director

......................................... Mr Randal McDonnell Director

Structural Fire Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 27 Ballylig Road, Dunloy, Ballymena, Co. Antrim, BT44 9DS.

These financial statements were authorised for issue by the Board on 29 July 2025.

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.

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.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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. 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.

Structural Fire Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. 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
Office equipment	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Work in progress represents the value of services rendered which have not yet been invoiced to the customer. The value of work in progress at the reporting date is calculated through a combination of the expected fee level and the estimated completion percentage.

Stock is valued at the lower of cost and net realisable value. Cost includes all directly attributable charges and fees including shipping, handling and delivery. Net realisable value is calculated as the selling price less any anticipated conversion costs and selling fees

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Structural Fire Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	14,205	14,205
Additions	935	935
At 31 March 2025	15,140	15,140
Depreciation
At 1 April 2024	8,916	8,916
Charge for the year	2,091	2,091
At 31 March 2025	11,007	11,007
Carrying amount
At 31 March 2025	4,133	4,133
At 31 March 2024	5,289	5,289

5

Stocks

	2025 £	2024 £
Raw materials and consumables	350,000	266,494
Work in progress	136,871	309,596
	486,871	576,090

Structural Fire Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

	2025 £	2024 £
Prepayments	2,917	2,931
Other debtors	59,745	18,554
	62,662	21,485

7	Creditors: due within one year

	2025 £	2024 £
Trade creditors	8,978	8,978
Taxation and social security	4,099	9,857
Accruals and deferred income	3,300	3,300
Credit card account	1,442	2,840
Directors current account	11,160	11,160
Corporation tax	34,444	77,163
	63,423	113,298