Fire Fogging Systems Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC087426 (Scotland)

Financial Statements

for the Year Ended 31 August 2020

for

Fire Fogging Systems Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J M Burns

D Burns

SECRETARY:

D Burns

REGISTERED OFFICE:

149a Glasgow Road,

Wishaw

Lanarkshire

ML2 7QJ

REGISTERED NUMBER:

SC087426 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Property, plant and equipment

4

7,539

11,309

CURRENT ASSETS

Inventories

9,300

9,300

Debtors

5

-

4,618

Cash at bank and in hand

26,203

9,428

35,503

23,346

CREDITORS

Amounts falling due within one year

6

4,862

5,969

NET CURRENT ASSETS

30,641

17,377

TOTAL ASSETS LESS CURRENT LIABILITIES

38,180

28,686

CREDITORS

Amounts falling due after more than one year

7

43,053

27,647

NET (LIABILITIES)/ASSETS

(4,873

)

1,039

CAPITAL AND RESERVES

Called up share capital

7,600

7,600

Retained earnings

(12,473

)

(6,561

)

SHAREHOLDERS' FUNDS

(4,873

)

1,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 29 April 2021 and were signed on its behalf by:

D Burns - Director

Ms J M Burns - Director

1.	STATUTORY INFORMATION

Fire Fogging Systems Ltd. is a private company, limited by shares , registered in Scotland. 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.

Going concern

The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue

Turnover represents the amounts derived from the provision of goods to customers, excluding value added tax and trade discounts.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2019

and 31 August 2020

42,836

8,612

51,448

DEPRECIATION

At 1 September 2019

31,527

8,612

40,139

Charge for year

3,770

-

3,770

At 31 August 2020

35,297

8,612

43,909

NET BOOK VALUE

At 31 August 2020

7,539

-

7,539

At 31 August 2019

11,309

-

11,309

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

-

4,618

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

-

3,300

Taxation and social security

4,197

-

Other creditors

665

2,669

4,862

5,969

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

43,053

27,647