Flamsafe Limited - Accounts to registrar (filleted) - small 18.2

Flamsafe Limited - Accounts to registrar (filleted) - small 18.2

FLAMSAFE LTD - Company Information

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REGISTERED NUMBER: 07423369 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 October 2018

for

Flamsafe Limited
Flamsafe Limited (Registered number: 07423369)






Contents of the Financial Statements
for the Year Ended 31 October 2018




Page

Balance Sheet 1

Notes to the Financial Statements 3


Flamsafe Limited (Registered number: 07423369)

Balance Sheet
31 October 2018

31.10.18 31.10.17
Notes £    £   
FIXED ASSETS
Intangible assets 4 41,882 44,346
Tangible assets 5 13,154 14,479
55,036 58,825

CURRENT ASSETS
Stocks 75,917 90,164
Debtors 6 100,817 98,466
Cash at bank 41,266 14,721
218,000 203,351
CREDITORS
Amounts falling due within one year 7 (223,067 ) (239,936 )
NET CURRENT LIABILITIES (5,067 ) (36,585 )
TOTAL ASSETS LESS CURRENT LIABILITIES 49,969 22,240

PROVISIONS FOR LIABILITIES (2,499 ) (2,751 )
NET ASSETS 47,470 19,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,370 19,389
SHAREHOLDERS' FUNDS 47,470 19,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 notes form part of these financial statements

Page 1 continued...
Flamsafe Limited (Registered number: 07423369)

Balance Sheet - continued
31 October 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 25 July 2019 and were signed on its behalf by:





Mr B I Mattinson - Director


The notes form part of these financial statements

Page 2
Flamsafe Limited (Registered number: 07423369)

Notes to the Financial Statements
for the Year Ended 31 October 2018

1. STATUTORY INFORMATION

Flamsafe Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address are as below:

Registered number: 07423369

Registered office: 6 Flash Lane
Bollington
Macclesfield
Cheshire
SK10 5AQ

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 recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty five 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.
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

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

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 3 (2017 - 4 ) .

Page 3 continued...
Flamsafe Limited (Registered number: 07423369)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2017
and 31 October 2018 61,594
AMORTISATION
At 1 November 2017 17,248
Amortisation for year 2,464
At 31 October 2018 19,712
NET BOOK VALUE
At 31 October 2018 41,882
At 31 October 2017 44,346

5. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 November 2017 16,480 938 17,418
Additions - 3,508 3,508
At 31 October 2018 16,480 4,446 20,926
DEPRECIATION
At 1 November 2017 2,060 879 2,939
Charge for year 3,605 1,228 4,833
At 31 October 2018 5,665 2,107 7,772
NET BOOK VALUE
At 31 October 2018 10,815 2,339 13,154
At 31 October 2017 14,420 59 14,479

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.18 31.10.17
£    £   
Trade debtors 100,817 98,466

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.18 31.10.17
£    £   
Trade creditors 72,440 68,398
Taxation and social security 12,160 9,257
Other creditors 138,467 162,281
223,067 239,936

Page 4