REGISTERED NUMBER: 02702577 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GUNFIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J F Otter

A T Laws

M F Otter

REGISTERED OFFICE:

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

REGISTERED NUMBER:

02702577 (England and Wales)

AUDITORS:

Edwards Chartered Accountants

Statutory Auditor

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

FIXED ASSETS

Tangible assets

4

69,376

95,506

CURRENT ASSETS

Stocks

12,717

22,740

Debtors

5

945,068

3,235,626

Cash at bank

6,526

148,064

964,311

3,406,430

CREDITORS

Amounts falling due within one year

6

1,478,367

2,500,906

NET CURRENT (LIABILITIES)/ASSETS

(514,056

)

905,524

TOTAL ASSETS LESS CURRENT LIABILITIES

(444,680

)

1,001,030

PROVISIONS FOR LIABILITIES

-

18,145

NET (LIABILITIES)/ASSETS

(444,680

)

982,885

CAPITAL AND RESERVES

Called up share capital

125

125

Retained earnings

(444,805

)

982,760

SHAREHOLDERS' FUNDS

(444,680

)

982,885

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

J F Otter - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in the financial statements are rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs of that contract. Revenues derived from variations on contracts are recognised only when the customer has accepted them. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2025

34,900

129,852

164,752

Additions

-

2,026

2,026

At 31 December 2025

34,900

131,878

166,778

DEPRECIATION

At 1 January 2025

25,188

44,058

69,246

Charge for year

6,978

21,178

28,156

At 31 December 2025

32,166

65,236

97,402

NET BOOK VALUE

At 31 December 2025

2,734

66,642

69,376

At 31 December 2024

9,712

85,794

95,506

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

618,650

1,376,321

Amounts owed by group undertakings

308,592

1,848,262

Other debtors

17,826

11,043

945,068

3,235,626

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

47,274

Trade creditors

553,752

1,696,458

Taxation and social security

442,899

297,893

Other creditors

481,716

459,281

1,478,367

2,500,906

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Duggan (Senior Statutory Auditor)

for and on behalf of Edwards Chartered Accountants

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £4,032 to Virtuscan Limited (company number 12771213), a company under common control. This amount is included in other creditors.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J F Otter.

10.	GOING CONCERN

The company reports negative shareholders' funds. However, the accounts have been prepared on the going concern basis due to the ongoing support of group companies.