Registration number: 05461470

Fire Design Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 11

Fire Design Limited

Company Information

Directors

Mrs Kirstie Watson Mr David James Watson

Registered office

42a Walnut Road Chelston Torquay Devon TQ2 6HS

Accountants

Neil Wilson Accountancy Limited Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Fire Design Limited

(Registration number: 05461470)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	71,430	93,573
Current assets
Stocks	6	19,261	17,917
Debtors	7	281,109	361,304
Cash at bank and in hand		52,193	3,356
		352,563	382,577
Creditors: Amounts falling due within one year	8	(286,399)	(306,384)
Net current assets		66,164	76,193
Total assets less current liabilities		137,594	169,766
Creditors: Amounts falling due after more than one year	8	(63,169)	(75,482)
Provisions for liabilities		(63,244)	(33,244)
Net assets		11,181	61,040
Capital and reserves
Called up share capital	9	100	1
Retained earnings		11,081	61,039
Shareholders' funds		11,181	61,040

For the financial year ending 31 July 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.

Approved and authorised by the Board on 1 April 2026 and signed on its behalf by:
 

......................................... Mrs Kirstie Watson Director

Fire Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
42a Walnut Road
Chelston
Torquay
Devon
TQ2 6HS

The principal place of business is:
Unit 1 Venture Way
Priorswood Industrial Estate
Taunton
Somerset
TA2 8DG

These financial statements were authorised for issue by the Board on 1 April 2026.

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.

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.

Fire Design Limited

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

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.

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
Short term lease	20% straight line basis
Fixtures and fittings	20% reducing balance basis
Office equipment	25% reducing balance basis
Motor vehicles	25% reducing balance basis
Showroom display models	20% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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
Goodwill	10% straight line basis

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.

Fire Design Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Fire Design Limited

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

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

Fire Design Limited

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

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 August 2024	12,000	12,000
At 31 July 2025	12,000	12,000
Amortisation
At 1 August 2024	12,000	12,000
At 31 July 2025	12,000	12,000
Carrying amount
At 31 July 2025	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Showroom display models £
Cost or valuation
At 1 August 2024	5,620	41,573	119,825	110,547
Additions	-	3,663	-	1,540
At 31 July 2025	5,620	45,236	119,825	112,087
Depreciation
At 1 August 2024	5,620	37,328	35,173	105,871
Charge for the year	-	1,977	24,126	1,243
At 31 July 2025	5,620	39,305	59,299	107,114
Carrying amount
At 31 July 2025	-	5,931	60,526	4,973
At 31 July 2024	-	4,245	84,652	4,676

Fire Design Limited

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

	Total £
Cost or valuation
At 1 August 2024	277,565
Additions	5,203
At 31 July 2025	282,768
Depreciation
At 1 August 2024	183,992
Charge for the year	27,346
At 31 July 2025	211,338
Carrying amount
At 31 July 2025	71,430
At 31 July 2024	93,573

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of short leasehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	19,261	17,917

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		3,239	2,875
Amounts owed by related parties	12	74,530	73,874
Prepayments		2,288	700
Other debtors		201,052	283,855
		281,109	361,304

Fire Design Limited

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

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	57,100	54,794
Trade creditors		77,883	55,286
Taxation and social security		68,735	64,951
Accruals and deferred income		81,242	42,074
Other creditors		1,439	89,279
		286,399	306,384

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	63,169	75,482

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £0.01 each	100	1	100	1

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Finance lease liabilities	63,169	75,482

Current loans and borrowings

Fire Design Limited

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

	2025 £	2024 £
Bank borrowings	23,777	32,268
Bank overdrafts	2	9,205
Finance lease liabilities	13,321	13,321
Other borrowings	20,000	-
	57,100	54,794

11

Dividends

		2025		2024
		£		£
Final dividend of £Nil (2024 - £84,850.00) per ordinary share		-		-
Interim dividend of £100,400.00 (2024 - £215,150.00) per ordinary share		100,400		215,150
		100,400		300,000

12	Related party transactions

Transactions with directors

2025	At 1 August 2024 £	Advances to director £	At 31 July 2025 £
Mrs Kirstie Watson
Director loan	231,559	(50,731)	180,828
Mr David James Watson
Director loan	46,304	(32,582)	13,722

2024	At 1 August 2023 £	Advances to director £	Repayments by director £	At 31 July 2024 £
Mrs Kirstie Watson
Director loan	354,679	84,850	(207,970)	231,559
Mr David James Watson
Director loan	25,516	20,788	-	46,304

Fire Design Limited

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

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	25,140	21,640
Contributions paid to money purchase schemes	30,000	(40,000)
	55,140	(18,360)

Dividends paid to directors

		2025 £		2024 £
Mrs Kirstie Watson
Interim dividend paid		32,700		32,700
Mr David James Watson
Interim dividend paid		32,700		32,700