Company Registration No. 08067845 (England and Wales)
Fakenham Fires Ltd
Unaudited accounts
for the year ended 31 March 2025
Fakenham Fires Ltd
Unaudited accounts
Contents
Fakenham Fires Ltd
Company Information
for the year ended 31 March 2025
Director
Christopher Smith
Company Number
08067845 (England and Wales)
Registered Office
13 The Close
Norwich
NR1 4DS
United Kingdom
Accountants
JHW Azoth Ltd
13 The Close
Norwich
Norfolk
NR1 4DS
Fakenham Fires Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
56,819
80,545
Cash at bank and in hand
52,890
67,267
Creditors: amounts falling due within one year
(163,191)
(222,238)
Net current assets
35,831
9,810
Total assets less current liabilities
142,650
140,355
Creditors: amounts falling due after more than one year
(39,477)
-
Provisions for liabilities
Deferred tax
(14,205)
(20,137)
Called up share capital
100
100
Profit and loss account
88,868
120,118
Shareholders' funds
88,968
120,218
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 September 2025 and were signed on its behalf by
Christopher Smith
Director
Company Registration No. 08067845
Fakenham Fires Ltd
Notes to the Accounts
for the year ended 31 March 2025
Fakenham Fires Ltd is a private company, limited by shares, registered in England and Wales, registration number 08067845. The registered office is 13 The Close, Norwich, NR1 4DS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fakenham Fires Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
123,607
83,142
24,800
4,867
236,416
At 31 March 2025
123,607
83,142
24,800
5,686
237,235
At 1 April 2024
105,162
32,479
14,611
3,619
155,871
Charge for the year
8,273
10,132
4,959
1,181
24,545
At 31 March 2025
113,435
42,611
19,570
4,800
180,416
At 31 March 2025
10,172
40,531
5,230
886
56,819
At 31 March 2024
18,445
50,663
10,189
1,248
80,545
6
Investments
Other investments
Valuation at 1 April 2024
50,000
Valuation at 31 March 2025
50,000
Fakenham Fires Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
32,632
20,643
Other debtors
52,000
78,306
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,500
11,253
Obligations under finance leases and hire purchase contracts
10,310
47,573
Trade creditors
104,385
90,773
Amounts owed to group undertakings and other participating interests
10,010
40,565
Taxes and social security
20,854
14,804
Loans from directors
781
14,755
9
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
18,785
-
10
Average number of employees
During the year the average number of employees was 12 (2024: 7).