Complete Fire Protection Watford Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04281270 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

COMPLETE FIRE PROTECTION WATFORD LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

9

DIRECTORS:

Mr A J Byron

Mr R S Mackey

Mr S O'Donohue

Mr D P Wright

REGISTERED OFFICE:

Unit 32

Moor Park Industrial Centre

Tolpits Lane

Watford

Hertfordshire

WD18 9SP

REGISTERED NUMBER:

04281270 (England and Wales)

ACCOUNTANTS:

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

FIXED ASSETS

Intangible assets

4

2,437

3,298

Tangible assets

5

82,377

73,402

84,814

76,700

CURRENT ASSETS

Stocks

32,392

27,500

Debtors

6

122,578

118,514

Cash at bank and in hand

141,140

109,234

296,110

255,248

CREDITORS

Amounts falling due within one year

7

105,692

87,701

NET CURRENT ASSETS

190,418

167,547

TOTAL ASSETS LESS CURRENT LIABILITIES

275,232

244,247

CREDITORS

Amounts falling due after more than one year

8

(35,833

)

(45,833

)

PROVISIONS FOR LIABILITIES

(13,766

)

(16,869

)

NET ASSETS

225,633

181,545

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

224,633

180,545

SHAREHOLDERS' FUNDS

225,633

181,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 20 June 2023 and were signed on its behalf by:

Mr R S Mackey - Director

1.	STATUTORY INFORMATION

Complete Fire Protection Watford Limited 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.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Short leasehold

-

at varying rates on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 12 (2021 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 October 2021

and 30 September 2022

3,441

AMORTISATION

At 1 October 2021

143

Amortisation for year

861

At 30 September 2022

1,004

NET BOOK VALUE

At 30 September 2022

2,437

At 30 September 2021

3,298

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 October 2021

9,303

6,799

14,290

Additions

-

415

461

At 30 September 2022

9,303

7,214

14,751

DEPRECIATION

At 1 October 2021

9,303

6,049

11,683

Charge for year

-

352

792

At 30 September 2022

9,303

6,401

12,475

NET BOOK VALUE

At 30 September 2022

-

813

2,276

At 30 September 2021

-

750

2,607

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2021

193,987

9,713

234,092

Additions

27,323

-

28,199

At 30 September 2022

221,310

9,713

262,291

DEPRECIATION

At 1 October 2021

123,942

9,713

160,690

Charge for year

18,080

-

19,224

At 30 September 2022

142,022

9,713

179,914

NET BOOK VALUE

At 30 September 2022

79,288

-

82,377

At 30 September 2021

70,045

-

73,402

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

105,971

101,240

Other debtors

3,738

3,751

Directors' current accounts

4,000

10,000

Prepayments

8,869

3,523

122,578

118,514

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

4,167

Trade creditors

34,023

20,162

Corporation tax

5,197

4,669

Social security and other taxes

20,377

11,397

Net wages

-

3,426

VAT

23,837

32,863

Other creditors

7,453

4,614

Accrued expenses

4,805

6,403

105,692

87,701

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

25,833

20,000

Bank loans more 5 yr by instal

-

15,833

35,833

45,833

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

15,833

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2022

2021

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2022 and 30 September 2021.

2022

2021

£

£

Balance outstanding at start of year

10,000

16,000

Amounts advanced

-

-

Amounts repaid

(6,000

)

(6,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,000

10,000

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R S Mackey.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Complete Fire Protection Watford Limited for the year ended 30 September 2022 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Complete Fire Protection Watford Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Complete Fire Protection Watford Limited and state those matters that we have agreed to state to the Board of Directors of Complete Fire Protection Watford Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Complete Fire Protection Watford Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Complete Fire Protection Watford Limited. You consider that Complete Fire Protection Watford Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Complete Fire Protection Watford Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

20 June 2023