| United Fire Systems |
| Notes to the Accounts |
| for the period from 1 June 2025 to 30 January 2026 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company's accounting reference date has been shortened, and these accounts are drawn up for the eight-month period from 1 June 2025 to 30 January 2026 (2025: twelve months to 31 May 2025). Consequently, the current and comparative period figures are not directly comparable. |
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Going Concern |
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The company ceased trading during the period. The directors intend to apply for the company to be struck off the register under section 1003 of the Companies Act 2006. Accordingly, the accounts have not been prepared on a going concern basis. No adjustments were required to restate assets and liabilities to their recoverable amount or net realisable value, as the company holds no assets other than cash and debtors stated at recoverable amounts, and its liabilities are stated at the amounts expected to be paid. |
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VAT Deregistration |
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The company was deregistered for VAT with effect from 30 January 2026, following cessation of trade. |
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Turnover |
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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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Cost of Sales |
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Cost of sales comprises payments to third-party contractors and subcontractors engaged to provide specialist fire safety installation, inspection, testing and maintenance services, together with other directly attributable costs.
The contractors engaged are not employees of the company and are not subject to PAYE or National Insurance contributions. The company’s activities fall outside the scope of the Construction Industry Scheme (CIS), and accordingly no CIS deductions or reporting obligations arise. |
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Employees |
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The average monthly number of employees during the year was 0 (2024: 0). |
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Directors' Renumeration |
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No remuneration was paid to the directors during the year (2024: £nil). |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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The company did not hold any tangible fixed assets at the reporting date.
Vehicles used in the course of the business are either owned personally by directors or contractors, or are provided under personal contract purchase (PCP) arrangements which do not meet the definition of a finance lease under FRS 102. Associated travel and vehicle costs, including amounts reimbursed to contractors, are expensed as incurred. |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Leased assets |
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A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2026 |
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2025 |
| Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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| 3 |
Debtors |
2026 |
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2025 |
| £ |
£ |
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VAT Recoverable |
- |
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5,292 |
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| 4 |
Creditors: amounts falling due within one year |
2026 |
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2025 |
| £ |
£ |
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Trade creditors |
- |
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8,440 |
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| 5 |
Other information |
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United Fire Systems is a private company limited by shares and incorporated in England. Its registered office is: |
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11 Oak Street |
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Nottingham |
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England |
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NG5 2AT |