Firesafe Fire Rated Ductwork Limited 5687769 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is the provision of license agreements and materials attached to technical aspects of engineering Digita Accounts Production Advanced 6.30.9574.0 true false true 5687769 2024-05-01 2025-04-30 5687769 2025-04-30 5687769 core:CurrentFinancialInstruments 2025-04-30 5687769 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 5687769 core:PatentsTrademarksLicencesConcessionsSimilar 2025-04-30 5687769 core:OtherRelatedParties 2025-04-30 5687769 core:ParentEntities 2025-04-30 5687769 bus:SmallEntities 2024-05-01 2025-04-30 5687769 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 5687769 bus:FilletedAccounts 2024-05-01 2025-04-30 5687769 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 5687769 bus:RegisteredOffice 2024-05-01 2025-04-30 5687769 bus:Director2 2024-05-01 2025-04-30 5687769 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2024-05-01 2025-04-30 5687769 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 5687769 core:PatentsTrademarksLicencesConcessionsSimilar 2024-05-01 2025-04-30 5687769 core:OtherRelatedParties 2024-05-01 2025-04-30 5687769 core:OtherRelatedParties core:RenderingOrReceivingServices 2024-05-01 2025-04-30 5687769 core:OtherRelatedParties core:SaleOrPurchaseGoods 2024-05-01 2025-04-30 5687769 core:ParentEntities 2024-05-01 2025-04-30 5687769 1 2024-05-01 2025-04-30 5687769 countries:EnglandWales 2024-05-01 2025-04-30 5687769 2024-04-30 5687769 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 5687769 core:ParentEntities 2024-04-30 5687769 2023-05-01 2024-04-30 5687769 2024-04-30 5687769 core:CurrentFinancialInstruments 2024-04-30 5687769 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 5687769 core:OtherRelatedParties 2024-04-30 5687769 core:ParentEntities 2024-04-30 5687769 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-05-01 2024-04-30 5687769 core:OtherRelatedParties 2023-05-01 2024-04-30 5687769 core:OtherRelatedParties core:RenderingOrReceivingServices 2023-05-01 2024-04-30 5687769 core:OtherRelatedParties core:SaleOrPurchaseGoods 2023-05-01 2024-04-30 5687769 core:ParentEntities 2023-05-01 2024-04-30 5687769 2023-04-30 5687769 core:ParentEntities 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 5687769

Firesafe Fire Rated Ductwork Limited
Annual Report and
Unaudited Financial Statements
30 April 2025

Firesafe Fire Rated Ductwork Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 8

Firesafe Fire Rated Ductwork Limited

Balance Sheet
30 April 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 5 | 269,875 | 245,289
Cash at bank and in hand |  | 212,808 | 379,399
|  | 482,683 | 624,688
Creditors: Amounts falling due within one year | 6 | (328,486) | (469,937)
Net assets |  | 154,197 | 154,751
Capital and reserves |  |  |
Called up share capital |  | 110 | 110
Retained earnings |  | 154,087 | 154,641
Shareholders' funds |  | 154,197 | 154,751

For the financial year ending 30 April 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

Approved and authorised by the Board on 27 January 2026 and signed on its behalf by:

......................................... Mrs C Branagan Director

Company Registration Number: 5687769

Firesafe Fire Rated Ductwork Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Knowsley Road Industrial Estate
Knowsley Road
Haslingden
Rossendale
BB4 4RR

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Firesafe Fire Rated Ductwork Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2025

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

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 carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
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 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 in the countries where the Company operates and generates taxable income.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Intellectual property rights | 10% straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Firesafe Fire Rated Ductwork Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 5 (2024 - 5).

Firesafe Fire Rated Ductwork Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2025

4 | Intangible assets

| Trademarks, patents and licenses £ | Total £
Cost or valuation
At 1 May 2024 | 2,290 | 2,290
At 30 April 2025 | 2,290 | 2,290
Amortisation
At 1 May 2024 | 2,290 | 2,290
At 30 April 2025 | 2,290 | 2,290
Carrying amount
At 30 April 2025 | - | -

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 263,460 | 239,007
Prepayments | 6,411 | 6,278
Other debtors | 4 | 4
| 269,875 | 245,289

Firesafe Fire Rated Ductwork Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 64,479 | 78,326
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest | 8 | 224,000 | 280,000
Taxation and social security |  | 31,647 | 89,311
Accruals and deferred income |  | 2,360 | 2,300
Other creditors |  | 6,000 | 20,000
|  | 328,486 | 469,937

7 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £727.2727 (2024 - £2,727.27) per each Ordinary share |  | 80,000 |  | 300,000

Firesafe Fire Rated Ductwork Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2025

8 | Related party transactions

Summary of transactions with parent

C Caswell Holdings Limited
Interest at 7% is applied on outstanding balances.

Loans from related parties

2025 | Parent £ | Total £
At start of period | 280,000 | 280,000
Repaid | (56,000) | (56,000)
At end of period | 224,000 | 224,000

2024 | Parent £ | Total £
At start of period | 200,000 | 200,000
Advanced | 80,000 | 80,000
At end of period | 280,000 | 280,000

Summary of transactions with other related parties

C Caswell Engineering Services Limited
(Another group company)
The company purchases goods and services from C Caswell Engineering Services Limited at normal market rates and terms.

Expenditure with and payables to related parties

2025 | Other related parties £
Purchase of goods | 232,766
Rendering of services | 290,517
| 523,283
Amounts payable to related party | 58,312

Firesafe Fire Rated Ductwork Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2025

2024 | Other related parties £
Purchase of goods | 281,875
Rendering of services | 232,547
| 514,422
Amounts payable to related party | 67,237

9 | Parent and ultimate parent undertaking

The ultimate controlling party is C Caswell Holdings Limited.