Accounts filed on 30-04-2014
Accounts filed on 30-04-2014
trueFire Suppression Limited039625012014-04-302098951812721087719109507507475475210877191096260021713719109162757-468088236929491479864499023394245284952379909415934246282724776054380659175438065917Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Cash flow statement
In the opinion of the director the company qualifies as a small company and accordingly a cash flow statement is not required.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Employer financed retirement benefit schemes
The Company has established an employer financed retirement benefit scheme for the benefit of its officers, employees and their wider families, The Fire Suppression Limited 2012 EFRBS ("the Scheme").
Motor Vehiclesreducing balance0.2500Computer equipmentstraight line0.3300Property improvementsstraight line0.1000Tools and machineryreducing balance0.2500
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
227621220454716717324115453718704227621220454716717324115453718704'A' Ordinary4751475475'B' Ordinary5001500500'C' Ordinary2512525'B' Ordinary1500500500'C' Ordinary1777All shares rank pari passu.
2015-01-29Mr A G Hughestruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureFire Suppression Limited2013-05-012014-04-30Fire Suppression Limited2012-05-012013-04-30Fire Suppression Limited2012-04-30Fire Suppression Limited2013-04-30Fire Suppression Limited2013-04-30Fire Suppression Limited2014-04-30 2015-01-29