FIRELINE LIMITED


Directors	ENGLEBRIGHT, Adrian
	ENGLEBRIGHT, Alexander Charles
	HOWELL, Sarah Jane


Company Secretary	HOWELL, Sarah Jane


Registered Address	Unit 29 Glenmore Business Park
	Wend-Al Road
	Blandford Forum
	DT11 7FP


Registered Number	03910125 (England and Wales)

Notes to the Financial Statements
for the year ended 31 July 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Foreign currency translation
	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.

Foreign currency translation

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.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Vehicles	25
	Office Equipment	15

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	12		13

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 August 25	293,069	293,069
At 31 July 26	293,069	293,069
Amortisation and impairment
At 01 August 25	206,599	206,599
Charge for year	15,164	15,164
At 31 July 26	221,763	221,763
Net book value
At 31 July 26	71,306	71,306
At 31 July 25	86,470	86,470

4.	Tangible fixed assets

	Land & buildings	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 August 25	220,830	192,054	20,390	433,274
Additions	-	64,671	2,376	67,047
Disposals	-	(60,200)	-	(60,200)
At 31 July 26	220,830	196,525	22,766	440,121
Depreciation and impairment
At 01 August 25	-	113,548	8,746	122,294
Charge for year	-	28,830	2,105	30,935
On disposals	-	(32,329)	-	(32,329)
At 31 July 26	-	110,049	10,851	120,900
Net book value
At 31 July 26	220,830	86,476	11,915	319,221
At 31 July 25	220,830	78,506	11,644	310,980

5.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 August 25	2	2
At 31 July 26	2	2
Net book value
At 31 July 26	2	2
At 31 July 25	2	2

	Notes
	¹Other investments other than loans

6.	Stocks

	2026	2025
	£	£
Other stocks	8,269	7,875
Total	8,269	7,875

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	109,512	95,225
Bank borrowings and overdrafts	21,316	20,494
Taxation and social security	129,963	142,615
Finance lease and HP contracts	21,787	27,132
Other creditors	4,002	60,711
Accrued liabilities and deferred income	8,414	12,366
Total	294,994	358,543

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	19,576	40,892
Other creditors	25,207	13,711
Total	44,783	54,603

9.	Secured creditors
	Included within creditors is a bank loan of £18,148 (2025: £32,973) which is fully secured.

10.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	46,995		40,843


	The hire purchase obligations included in creditors are repayable as follows: Lease payments due within one year: £24,223 (2025 - £30,307) Lease payments due later than one year and not later than five years: £26,739 (2025 - £14,562) Total future lease payments: £50,962 (2025 - £44,869) Less: Further finance charges/interest adjustment: £3,967 (2025 - £4,026) Present value of lease obligations: £46,995 (2025 - £40,843)

The hire purchase obligations included in creditors are repayable as follows:

Lease payments due within one year: £24,223  (2025 - £30,307)

Lease payments due later than one year and not later than five years: £26,739 (2025 - £14,562)
							
Total future lease payments: £50,962 (2025 - £44,869) 

Less:  Further finance charges/interest adjustment: £3,967 (2025 - £4,026)		
		
Present value of lease obligations:  £46,995 (2025 - £40,843)

11.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	31,270	29,210
Total	31,270	29,210

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		71,306		86,470
Tangible assets	4		319,221		310,980
Investments	5		2		2
			390,529		397,452
Current assets
Stocks	6	8,269		7,875
Debtors		159,044		171,379
Cash at bank and on hand		428,280		353,820
		595,593		533,074
Creditors amounts falling due within one year	7	(294,994)		(358,543)
Net current assets (liabilities)			300,599		174,531
Total assets less current liabilities			691,128		571,983
Creditors amounts falling due after one year	8		(44,783)		(54,603)
Provisions for liabilities	11		(31,270)		(29,210)
Net assets			615,075		488,170
Capital and reserves
Called up share capital			2		2
Profit and loss account			615,073		488,168
Shareholders' funds			615,075		488,170