A H FIRE PREVENTIONS LIMITED Filleted accounts for Companies House (small and micro)

A H FIRE PREVENTIONS LIMITED Filleted accounts for Companies House (small and micro)

A H FIRE PREVENTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05984542
A H FIRE PREVENTIONS LIMITED
Filleted Unaudited Financial Statements
31 March 2023
A H FIRE PREVENTIONS LIMITED
Statement of Financial Position
31 March 2023
31 Mar 23
31 Oct 21
Note
£
£
Fixed assets
Tangible assets
5
34,676
17,729
Current assets
Debtors
6
100,049
37,446
Cash at bank and in hand
86,229
93,463
---------
---------
186,278
130,909
Creditors: amounts falling due within one year
7
76,079
47,130
---------
---------
Net current assets
110,199
83,779
---------
---------
Total assets less current liabilities
144,875
101,508
Creditors: amounts falling due after more than one year
8
20,399
41,260
---------
---------
Net assets
124,476
60,248
---------
---------
Capital and reserves
Called up share capital
1
1
Other reserves
43,708
–
Profit and loss account
80,767
60,247
---------
--------
Shareholders funds
124,476
60,248
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
A H FIRE PREVENTIONS LIMITED
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 3 April 2023 , and are signed on behalf of the board by:
Mr A Abraham
Director
Company registration number: 05984542
A H FIRE PREVENTIONS LIMITED
Notes to the Financial Statements
Period from 1 November 2021 to 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW1 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 6 (2021: 5 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 November 2021
10,330
28,355
38,685
Additions
3,289
25,217
28,506
--------
--------
--------
At 31 March 2023
13,619
53,572
67,191
--------
--------
--------
Depreciation
At 1 November 2021
7,159
13,797
20,956
Charge for the period
1,615
9,944
11,559
--------
--------
--------
At 31 March 2023
8,774
23,741
32,515
--------
--------
--------
Carrying amount
At 31 March 2023
4,845
29,831
34,676
--------
--------
--------
At 31 October 2021
3,171
14,558
17,729
--------
--------
--------
6. Debtors
31 Mar 23
31 Oct 21
£
£
Trade debtors
17,829
16,249
Prepayments and accrued income
852
852
Other taxes recoverable
49,709
–
Other debtors
31,659
20,345
---------
--------
100,049
37,446
---------
--------
The other debtors include the amount of loan to participators.
7. Creditors: amounts falling due within one year
31 Mar 23
31 Oct 21
£
£
Bank loans and overdrafts
8,663
–
Trade creditors
11,721
8,247
Corporation tax
12,056
16,474
Social security and other taxes
15,372
9,352
Other creditors
28,267
13,057
--------
--------
76,079
47,130
--------
--------
8. Creditors: amounts falling due after more than one year
31 Mar 23
31 Oct 21
£
£
Bank loans and overdrafts
20,399
41,260
--------
--------