Coles for Fires Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08384095

COLES FOR FIRES LIMITED

FILLETED UNAUDITED ACCOUNTS

31 March 2025

COLES FOR FIRES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		37,214		40,217

CURRENT ASSETS

Stocks		170,000	195,000
Debtors	6	197,189	207,697
Cash at bank and in hand		16,849	13,232
		---------	---------
		384,038	415,929

CREDITORS: amounts falling due within one year	7	318,407		328,285
		---------		---------
NET CURRENT ASSETS			65,631		87,644
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			102,845		127,861

CREDITORS: amounts falling due after more than one year	8	12,374	26,836
		---------	---------
NET ASSETS		90,471	101,025
		---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	90,371	100,925
	--------	---------
SHAREHOLDERS FUNDS	90,471	101,025
	--------	---------

These accounts 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 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

COLES FOR FIRES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These accounts were approved by the board of directors and authorised for issue on 5 December 2025 , and are signed on behalf of the board by:

Mr M J Coles
Director

Company registration number: 08384095

COLES FOR FIRES LIMITED

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 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 Unit 7, Orion Way, The Constellations, Kettering Business Park, Kettering, Northamptonshire, NN15 6NH.

2. STATEMENT OF COMPLIANCE

These accounts 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 and are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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 Improvements	-	25% reducing balance
Fixtures & Fittings	-	25% straight line
Motor Vehicles	-	25% reducing balance
Office Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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.

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.

4. PARTICULARS OF EMPLOYEES

The average number of persons employed by the company during the year amounted to 16 (2024: 17 ).

5. TANGIBLE ASSETS

	Long leasehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	13,535	7,471	108,939	9,669	139,614
Additions	–	–	9,650	–	9,650
Disposals	–	–	( 7,954)	( 8,986)	( 16,940)
	--------	-------	---------	-------	---------
At 31 March 2025	13,535	7,471	110,635	683	132,324
	--------	-------	---------	-------	---------
Depreciation
At 1 April 2024	12,433	5,734	72,073	9,157	99,397
Charge for the year	275	579	11,629	171	12,654
Disposals	–	–	( 7,954)	( 8,987)	( 16,941)
	--------	-------	---------	-------	---------
At 31 March 2025	12,708	6,313	75,748	341	95,110
	--------	-------	---------	-------	---------
Carrying amount
At 31 March 2025	827	1,158	34,887	342	37,214
	--------	-------	---------	-------	---------
At 31 March 2024	1,102	1,737	36,866	512	40,217
	--------	-------	---------	-------	---------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	44,373	54,881
Other debtors	152,816	152,816
	---------	---------
	197,189	207,697
	---------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,765	31,690
Trade creditors	144,872	129,166
Social security and other taxes	49,317	56,098
Other creditors	114,453	111,331
	---------	---------
	318,407	328,285
	---------	---------

Included within other creditors are amounts totalling £4,448 (2024 - £4,448) relating to hire purchase and finance lease agreements which are secured by the company.

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	10,140	20,154
Other creditors	2,234	6,682
	--------	--------
	12,374	26,836
	--------	--------

Included within other creditors are amounts totalling £2,234 (2024 - £6,682) relating to hire purchase and finance lease agreements which are secured by the company.