The Fire Stop Group Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03548777 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2023

for

THE FIRE STOP GROUP LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P E Shipway

D Shipway

B E Shipway

REGISTERED OFFICE:

Unit 4

The Metro Centre

Bridge End Road

Orpington

Kent

BR5 2BE

REGISTERED NUMBER:

03548777 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

FIXED ASSETS

Property, plant and equipment

4

6,378

8,504

Investments

5

100

100

6,478

8,604

CURRENT ASSETS

Inventories

13,900

14,000

Debtors

6

238,566

246,843

Cash at bank

28,999

70,415

281,465

331,258

CREDITORS

Amounts falling due within one year

7

64,213

151,086

NET CURRENT ASSETS

217,252

180,172

TOTAL ASSETS LESS CURRENT LIABILITIES

223,730

188,776

PROVISIONS FOR LIABILITIES

1,212

1,616

NET ASSETS

222,518

187,160

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

222,418

187,060

SHAREHOLDERS' FUNDS

222,518

187,160

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st December 2023 and were signed on its behalf by:

P E Shipway - Director

1.	STATUTORY INFORMATION

The Fire Stop Group 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

Revenue 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Inventories 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st August 2022

and 31st July 2023

18,873

28,528

47,401

DEPRECIATION

At 1st August 2022

14,177

24,720

38,897

Charge for year

1,174

952

2,126

At 31st July 2023

15,351

25,672

41,023

NET BOOK VALUE

At 31st July 2023

3,522

2,856

6,378

At 31st July 2022

4,696

3,808

8,504

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st August 2022

and 31st July 2023

100

NET BOOK VALUE

At 31st July 2023

100

At 31st July 2022

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade debtors

113,187

64,786

Amounts owed by group undertakings

883

-

VAT

4,060

10,103

Prepayments and accrued income

120,436

171,954

238,566

246,843

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade creditors

27,914

49,295

Amounts owed to group undertakings

-

5,000

Tax

15,802

13,148

Social security and other taxes

3,095

-

Other creditors

-

80,007

Directors' current accounts

135

136

Accruals and deferred income

17,267

3,500

64,213

151,086

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 Statement of Comprehensive Income 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 The Fire Stop Group Limited for the year ended 31st July 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 The Fire Stop Group 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 The Fire Stop Group Limited and state those matters that we have agreed to state to the Board of Directors of The Fire Stop Group Limited, 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 The Fire Stop Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Fire Stop Group 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 The Fire Stop Group Limited. You consider that The Fire Stop Group 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 The Fire Stop Group 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.

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

Date: .............................................