Fire Trade Supplies Ltd - Accounts to registrar (filleted) - small 23.2.5

Fire Trade Supplies Ltd - Accounts to registrar (filleted) - small 23.2.5

FIRE TRADE SUPPLIES LTD - Company Information

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FIRE TRADE SUPPLIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIRE TRADE SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J W Battersby





REGISTERED OFFICE: Unit 2A Station Yard
Station Road
Melbourne
Derbyshire
DE73 8HJ





REGISTERED NUMBER: 09901048 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS
Page 1
FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 243 364

CURRENT ASSETS
Stocks 76,773 55,840
Debtors 5 47,428 56,023
Cash at bank 159,992 76,629
284,193 188,492
CREDITORS
Amounts falling due within one year 6 110,593 58,540
NET CURRENT ASSETS 173,600 129,952
TOTAL ASSETS LESS CURRENT LIABILITIES 173,843 130,316

PROVISIONS FOR LIABILITIES 7 100 100
NET ASSETS 173,743 130,216

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 173,643 130,116
SHAREHOLDERS' FUNDS 173,743 130,216

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 3 May 2024 and were signed by:





J W Battersby - Director


The notes form part of these financial statements

Page 3
FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Fire Trade Supplies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 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 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 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.

Page 4 continued...
FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 2,874
DEPRECIATION
At 1 January 2023 2,510
Charge for year 121
At 31 December 2023 2,631
NET BOOK VALUE
At 31 December 2023 243
At 31 December 2022 364

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,499 37,987
Other debtors 24,929 18,036
47,428 56,023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 92,683 51,840
Taxation and social security 16,660 5,380
Other creditors 1,250 1,320
110,593 58,540

Page 5 continued...
FIRE TRADE SUPPLIES LTD (REGISTERED NUMBER: 09901048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 100 100

Deferred
tax
£   
Balance at 1 January 2023 100
Balance at 31 December 2023 100

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Page 6