Peterborough Fire Alarm Services Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11757144

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		32,415		43,643

			32,415		43,643
CURRENT ASSETS
Stocks	4	14,975		25,000
Debtors	5	156,938		164,955
Cash at bank and in hand		148,172		123,613

		320,085		313,568
Creditors: Amounts Falling Due Within One Year	6	(76,907 )		(95,587 )

NET CURRENT ASSETS (LIABILITIES)			243,178		217,981

TOTAL ASSETS LESS CURRENT LIABILITIES			275,593		261,624

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,104 )		(10,910 )

NET ASSETS			267,489		250,714

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			267,487		250,712

SHAREHOLDERS' FUNDS			267,489		250,714

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Peterborough Fire Alarm Services Limited

Balance Sheet (continued)

As At 31 March 2025

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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew Bedford

Director

25/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The company has transitioned from FRS 105 to FRS 102 section 1a for the first time for the year ended 31 March 2025. The date of transition is 1 April 2023. This note explains how the transition has affected the company's financial position and financial performance.

The accounting policies set out below have been applied in preparing the financial statements for the year ended 31 March 2025, the comparative information presented for the year ended 31 March 2024, and in the preparation of the opening FRS 102 section 1a balance sheet at the date of transition, 1 April 2023.

Deferred taxation

Under FRS 105, no provision for deferred taxation was required or made. Under FRS 102, deferred tax is recognised in respect of all timing differences between the recognition of gains, losses, income and expenses in the financial statements and their inclusion in tax assessments.

Reconciliation of Equity

at 1 April 2023

£193,717 Equity as previously stated under FRS 105

£ 8,559 Less: Recognition of deferred tax liability

£185,158 Equity as restated under FRS 102 1a

at 31 March 2024

£261,622 Equity as previously stated under FRS 105

£ 10,910 Less: Recognition of deferred tax liability

£250,712 Equity as restated under FRS 102 1a

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing balance
Motor Vehicles	25% Reducing balance
Computer Equipment	25% Straight line

1.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Peterborough Fire Alarm Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

1.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 3 (2024: 2)

3. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	18,399	61,433	7,012	86,844
Additions	2,658	-	460	3,118
Disposals	-	(16,418 )	-	(16,418 )

As at 31 March 2025	21,057	45,015	7,472	73,544

Depreciation
As at 1 April 2024	6,133	35,149	1,919	43,201
Provided during the period	2,985	5,597	1,868	10,450
Disposals	-	(12,522 )	-	(12,522 )

As at 31 March 2025	9,118	28,224	3,787	41,129

Net Book Value
As at 31 March 2025	11,939	16,791	3,685	32,415

As at 1 April 2024	12,266	26,284	5,093	43,643

4. Stocks

	2025	2024 as restated
	£	£
Stock	14,975	25,000

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Peterborough Fire Alarm Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	65,601	154,010
Other debtors	91,337	10,945

	156,938	164,955

6. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	24,685	57,934
Other creditors	15,200	11,669
Taxation and social security	37,022	25,984

	76,907	95,587

7. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	2	2

8. General Information

Peterborough Fire Alarm Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11757144 . The registered office is 60 Papyrus Road, PE4 5BH.

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