Fullstop Fire & Security Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 04292338 (England and Wales)

FULLSTOP FIRE & SECURITY LTD.

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Austin

M Hellier

M W Nalder

D B Robertson

REGISTERED OFFICE:

Suite D, The Business Centre

Faringdon Avenue

Romford

Essex

RM3 8EN

REGISTERED NUMBER:

04292338 (England and Wales)

ACCOUNTANTS:

Clay Ratnage Daffin & Co Limited

Chartered Accountants

Suite D, The Business Centre

Faringdon Avenue

Romford

Essex

RM3 8EN

FIXED ASSETS

Intangible assets

4

32,605

40,756

Tangible assets

5

142,876

132,866

175,481

173,622

CURRENT ASSETS

Stocks

6

25,000

20,000

Debtors

7

717,812

738,236

Cash at bank

8

326,256

291,083

1,069,068

1,049,319

CREDITORS

Amounts falling due within one year

9

543,874

503,683

NET CURRENT ASSETS

525,194

545,636

TOTAL ASSETS LESS CURRENT

LIABILITIES

700,675

719,258

CREDITORS

Amounts falling due after more than one

year

10

(28,623

)

(57,911

)

PROVISIONS FOR LIABILITIES

14

(12,832

)

(25,633

)

NET ASSETS

659,220

635,714

CAPITAL AND RESERVES

Called up share capital

15

2,333

Capital redemption reserve

667

Retained earnings

656,220

632,714

SHAREHOLDERS' FUNDS

659,220

635,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 26 November 2025 and were signed on its behalf by:

D B Robertson - Director

1.	STATUTORY INFORMATION

Fullstop Fire & Security Ltd. 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Furniture, fittings and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Classification of financial liabilities: Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,400

AMORTISATION

At 1 April 2024

59,644

Amortisation for year

8,151

At 31 March 2025

67,795

NET BOOK VALUE

At 31 March 2025

32,605

At 31 March 2024

40,756

5.	TANGIBLE FIXED ASSETS

Furniture,

fittings

Plant and

and

Motor

machinery

equipment

vehicles

Totals

£

COST

At 1 April 2024

1,647

90,485

146,316

238,448

Additions

-

2,720

43,099

45,819

At 31 March 2025

1,647

93,205

189,415

284,267

DEPRECIATION

At 1 April 2024

1,559

62,397

41,626

105,582

Charge for year

13

4,624

31,172

35,809

At 31 March 2025

1,572

67,021

72,798

141,391

NET BOOK VALUE

At 31 March 2025

75

26,184

116,617

142,876

At 31 March 2024

88

28,088

104,690

132,866

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

84,902

DEPRECIATION

At 1 April 2024

21,226

Charge for year

15,919

At 31 March 2025

37,145

NET BOOK VALUE

At 31 March 2025

47,757

At 31 March 2024

63,676

6.

STOCKS

2025

2024

£

Stocks

25,000

20,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

596,270

663,410

Other debtors

121,542

74,826

717,812

738,236

8.	CASH AT BANK

2025

2024

£

Bank current account

326,256

291,083

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 11)

10,441

10,183

Hire purchase contracts (see note 12)

18,847

19,097

Trade creditors

288,289

277,463

Taxation and social security

212,249

181,362

Other creditors

14,048

15,578

543,874

503,683

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN

ONE YEAR

2025

2024

£

Bank loans (see note 11)

2,650

13,091

Hire purchase contracts (see note 12)

25,973

44,820

28,623

57,911

11.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans due < 1 yr

10,441

10,183

Amounts falling due between one and two years:

Bank loans - 1-2 years

2,650

13,091

The bounce back loan received during 2020, included in bank loans above is both interest and repayment free for the first twelve months. After such time the loan is repayable over 5 years at an interest rate of 2.5%.

12.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

18,847

19,097

Between one and five years

25,973

44,820

63,917

Non-cancellable

operating leases

2025

2024

£

Within one year

11,500

11,000

Between one and five years

11,500

-

23,000

11,000

13.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

13,091

23,274

Hire purchase contracts

44,820

63,917

57,911

87,191

The bank overdrafts and other facilities are secured by a debenture, issued on 2 December 2008 which created a fixed and floating charge on all its undertakings, assets, properties and revenues both present and future (including its goodwill and uncalled capital) in the sum of £60,000. The company expects to operate within the facility currently agreed.

14.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

12,832

25,633

Deferred

tax

£

Balance at 1 April 2024

25,633

Credit to Income Statement during year

(12,801

)

Balance at 31 March 2025

12,832

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,865

Ordinary

£1

1,865

70

Ordinary A

£1

70

117

Ordinary B

£1

117

70

Ordinary C

£1

70

Ordinary D

£1

70

141

Ordinary E

£1

141

2,333

All shares have equal rights to vote, capital on winding up and will rank pari passu with Ordinary shares except for independent dividend rights which will be entirely at the discretion of the company.

16.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £91,282 (2024 - £91,568). Contributions totalling £2,522 (2024 - £2,197) were payable to the fund at the balance sheet date and are included in creditors.

17.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors are advances to the directors totalling £109,685 (2024 - £57,945). This balance has been cleared by way of dividends post year end. Interest is charged on an average basis at the official rate of 2.25%