Fire Trade Supplies Ltd - Accounts to registrar (filleted) - small 18.2

Fire Trade Supplies Ltd - Accounts to registrar (filleted) - small 18.2

FIRE TRADE SUPPLIES LTD - Company Information

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FIRE TRADE SUPPLIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIRE TRADE SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: J W Battersby





REGISTERED OFFICE: Unit 2A Station Yard
Station Road
Melbourne
Derbyshire
DE73 8HJ





REGISTERED NUMBER: 09901048 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS
Page 1
FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 546 954

CURRENT ASSETS
Stocks 41,422 55,948
Debtors 5 78,059 127,857
Cash at bank 105,668 41,027
225,149 224,832
CREDITORS
Amounts falling due within one year 6 114,639 157,095
NET CURRENT ASSETS 110,510 67,737
TOTAL ASSETS LESS CURRENT LIABILITIES 111,056 68,691

PROVISIONS FOR LIABILITIES 7 100 200
NET ASSETS 110,956 68,491

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 110,856 68,391
SHAREHOLDERS' FUNDS 110,956 68,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 2 continued...
FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2022 and were signed by:





J W Battersby - Director


The notes form part of these financial statements

Page 3
FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Fire Trade Supplies 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.

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


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.
Fixtures and fittings - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Page 4 continued...
FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

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 1 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2021
and 31 December 2021 2,874
DEPRECIATION
At 1 January 2021 1,920
Charge for year 408
At 31 December 2021 2,328
NET BOOK VALUE
At 31 December 2021 546
At 31 December 2020 954

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 60,555 113,715
Other debtors 17,504 14,142
78,059 127,857

Page 5 continued...
FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 101,381 148,968
Taxation and social security 10,833 5,728
Other creditors 2,425 2,399
114,639 157,095

7. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 100 200

Deferred
tax
£   
Balance at 1 January 2021 200
Provided during year (100 )
Balance at 31 December 2021 100

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

Page 6