Company No: 00184815 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.01.2025		31.01.2024
		£		£
Fixed assets
Tangible assets	3	668,303		695,301
		668,303		695,301
Current assets
Stocks	4	35,454		120,906
Debtors	5	47,839		165,804
Cash at bank and in hand		96,759		23,337
		180,052		310,047
Creditors: amounts falling due within one year	6	( 166,216)		( 240,381)
Net current assets		13,836		69,666
Total assets less current liabilities		682,139		764,967
Provision for liabilities	7	( 66,368)		( 40,584)
Net assets		615,771		724,383
Capital and reserves
Called-up share capital	8	46,350		46,350
Revaluation reserve		199,612		199,612
Profit and loss account		369,809		478,421
Total shareholder's funds		615,771		724,383

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Project Fire 134 Limited (registered number: 00184815) were approved and authorised for issue by the Board of Directors on 24 November 2025. They were signed on its behalf by:

Ben Goodwin Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Project Fire 134 Limited (previously known as MDM PUMPS LTD.) (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Suite 2 Albion House, 2 Etruria Valley Office Village,, Forge Lane Etruria, Stoke-On-Trent, ST1 5RQ, England, United Kingdom. The address for the Company's place of business is Spring Lane, Malvern, WR14 1BP, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

In 2024 the company extended the reporting period from 31 December 2023 to a 13 month period to 31 January 2024, to agree to other related companies. Therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	5 - 25 years straight line
Plant and machinery	5 - 10 years straight line
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Year ended 31.01.2025		Period from 01.01.2023 to 31.01.2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	8		8

3. Tangible assets

	Land and buildings		Plant and machinery		Office equipment		Total
	£		£		£		£
Cost/Valuation
At 01 February 2024	650,000		498,741		80,492		1,229,233
Additions	4,621		0		5,223		9,844
At 31 January 2025	654,621		498,741		85,715		1,239,077
Accumulated depreciation
At 01 February 2024	0		467,147		66,785		533,932
Charge for the financial year	25,494		7,478		3,870		36,842
At 31 January 2025	25,494		474,625		70,655		570,774
Net book value
At 31 January 2025	629,127		24,116		15,060		668,303
At 31 January 2024	650,000		31,594		13,707		695,301

4. Stocks

	31.01.2025		31.01.2024
	£		£
Raw materials	0		53,920
Work in progress	35,454		66,986
	35,454		120,906

5. Debtors

	31.01.2025		31.01.2024
	£		£
Trade debtors	37,719		155,106
Other debtors	10,120		10,698
	47,839		165,804

6. Creditors: amounts falling due within one year

	31.01.2025		31.01.2024
	£		£
Trade creditors	971		77,065
Other taxation and social security	28,855		24,778
Other creditors	136,390		138,538
	166,216		240,381

7. Deferred tax

	31.01.2025		31.01.2024
	£		£
At the beginning of financial year/period	( 40,584)		( 8,951)
Charged to the Statement of Income and Retained Earnings	( 25,784)		( 31,633)
At the end of financial year/period	( 66,368)		( 40,584)

8. Called-up share capital

	31.01.2025		31.01.2024
	£		£
Allotted, called-up and fully-paid
5,150 Ordinary shares of £ 1.00 each	5,150		5,150
41,200 B ordinary shares of £ 1.00 each	41,200		41,200
	46,350		46,350

9. Related party transactions

Transactions with owners holding a participating interest in the entity

	31.01.2025		31.01.2024
	£		£
Amounts owed to holding company	131,443		131,443