Integral Fire Safety UK Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04377461 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

INTEGRAL FIRE SAFETY UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

B F Allen

R Smith

B Smith

SECRETARY:

B F Allen

REGISTERED OFFICE:

Integral Fire Safety UK Ltd

Back Lane

Much Wenlock

Shropshire

TF13 6LY

REGISTERED NUMBER:

04377461 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

FIXED ASSETS

Tangible assets

5

130,454

76,153

CURRENT ASSETS

Stocks

285

265

Debtors

6

315,922

176,933

Cash at bank

442,330

393,309

758,537

570,507

CREDITORS

Amounts falling due within one year

7

298,904

187,268

NET CURRENT ASSETS

459,633

383,239

TOTAL ASSETS LESS CURRENT LIABILITIES

590,087

459,392

CREDITORS

Amounts falling due after more than one year

8

(38,074

)

(51,745

)

PROVISIONS FOR LIABILITIES

(32,614

)

(19,038

)

NET ASSETS

519,399

388,609

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

519,199

388,409

SHAREHOLDERS' FUNDS

519,399

388,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 June 2023 and were signed on its behalf by:

R Smith - Director

1.	STATUTORY INFORMATION

Integral Fire Safety UK 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.	STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with the 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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Going concern

The accounts have been prepared on the going concern basis. This is due to the continued support of the directors.

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.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% 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 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 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2022

12,417

5,282

152,872

170,571

Additions

56,964

208

46,779

103,951

Disposals

(7,500

)

-

(53,893

)

(61,393

)

At 31 December 2022

61,881

5,490

145,758

213,129

DEPRECIATION

At 1 January 2022

5,838

2,977

85,603

94,418

Charge for year

6,217

778

29,874

36,869

Eliminated on disposal

(5,625

)

-

(42,987

)

(48,612

)

At 31 December 2022

6,430

3,755

72,490

82,675

NET BOOK VALUE

At 31 December 2022

55,451

1,735

73,268

130,454

At 31 December 2021

6,579

2,305

67,269

76,153

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

310,975

172,158

Other debtors

-

784

Prepayments and accrued income

4,947

3,991

315,922

176,933

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Hire purchase contracts (see note 9)

24,966

22,156

Trade creditors

88,613

13,750

Tax

75,023

63,649

Social security and other taxes

92,457

80,972

Other creditors

2,706

3,870

Directors' current accounts

12,916

775

Accrued expenses

2,223

2,096

298,904

187,268

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Hire purchase contracts (see note 9)

38,074

51,745

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.22

31.12.21

£

£

Net obligations repayable:

Within one year

24,966

22,156

Between one and five years

38,074

51,745

63,040

73,901

Non-cancellable

operating leases

31.12.22

31.12.21

£

£

Between one and five years

9,100

13,300

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.22

31.12.21

£

£

Hire purchase contracts

63,040

73,901

Hire purchase liabilities are secured on the assets to which they relate.

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 Balance Sheet. 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 Integral Fire Safety UK Ltd for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Integral Fire Safety UK Ltd, 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 Integral Fire Safety UK Ltd and state those matters that we have agreed to state to the Board of Directors of Integral Fire Safety UK Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Integral Fire Safety UK Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Integral Fire Safety UK Ltd 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 Integral Fire Safety UK Ltd. You consider that Integral Fire Safety UK Ltd 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 Integral Fire Safety UK Ltd. 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.

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

9 June 2023