WALSALL FIRE PROTECTION LTD - Limited company accounts 23.1

REGISTERED NUMBER: 14141163 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Period 2 June 2022 to 31 March 2023

for

WALSALL FIRE PROTECTION LTD

Page

Company Information

1

Report of the Director

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

J A BENT

SECRETARY:

MERLIN BUSINESS SERVICES UK LTD

REGISTERED OFFICE:

STAFFORDSHIRE KNOT

PINFOLD STREET

WEDNESBURY

WS10 8TE

REGISTERED NUMBER:

14141163 (England and Wales)

ACCOUNTANTS:

MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD

STAFFORDSHIRE KNOT

PINFOLD STREET

WEDNESBURY

WS10 8TE

The director presents his report with the financial statements of the company for the period 2 June 2022 to 31 March 2023.

INCORPORATION

The company was incorporated on 30 May 2022 and commenced trading on the same date.

DIRECTOR

J A BENT held office during the whole of the period from 2 June 2022 to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J A BENT - Director

1 May 2023

TURNOVER

97,560

Cost of sales

39,709

GROSS PROFIT

57,851

Administrative expenses

19,674

OPERATING PROFIT and

PROFIT BEFORE TAXATION

38,177

Tax on profit

7,254

PROFIT FOR THE FINANCIAL PERIOD

30,923

Dividends

4

(10,000

)

RETAINED EARNINGS AT END OF PERIOD

20,923

CURRENT ASSETS

Debtors

5

20,131

Cash at bank and in hand

24,576

44,707

CREDITORS

Amounts falling due within one year

6

23,784

NET CURRENT ASSETS

20,923

TOTAL ASSETS LESS CURRENT LIABILITIES

20,923

RESERVES

Retained earnings

20,923

SHAREHOLDERS' FUNDS

20,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 1 May 2023 and were signed by:

J A BENT - Director

1.	STATUTORY INFORMATION

WALSALL FIRE PROTECTION 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.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DIVIDENDS

£

ORDINARY share of 1.00

Final

10,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

4,880

CIS Tax suffered

14,548

VAT

703

20,131

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

7,254

Directors' current accounts

15,280

Accrued expenses

1,250

23,784