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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2017 |
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SURE FIRE HEATING & MAINTENANCE LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2017 |
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FOR |
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SURE FIRE HEATING & MAINTENANCE LIMITED |
SURE FIRE HEATING & MAINTENANCE LIMITED (REGISTERED NUMBER: 04729766) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 May 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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SURE FIRE HEATING & MAINTENANCE LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 May 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Douglas Bank House |
Wigan Lane |
Wigan |
Lancashire |
WN1 2TB |
SURE FIRE HEATING & MAINTENANCE LIMITED (REGISTERED NUMBER: 04729766) |
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STATEMENT OF FINANCIAL POSITION |
31 May 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 |
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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. |
SURE FIRE HEATING & MAINTENANCE LIMITED (REGISTERED NUMBER: 04729766) |
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STATEMENT OF FINANCIAL POSITION - continued |
31 May 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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SURE FIRE HEATING & MAINTENANCE LIMITED (REGISTERED NUMBER: 04729766) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 May 2017 |
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1. | STATUTORY INFORMATION |
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Sure Fire Heating & Maintenance Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" |
of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of |
Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost |
convention. |
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The principal accounting policies adopted in the preparation of the financial statements are set out below. |
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These financial statements for the year ended 31st May 2017 are the first financial statements that comply with |
FRS102 Section 1A for small entities. The date of transition is 1 June 2015. |
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The transition to FRS102 Section 1A has resulted in no changes to the accounting policies used previously. |
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Turnover |
Turnover represents the cash sales and net invoice values of goods sold, excluding value added tax.Turnover |
from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has |
transferred to the customer, which is usually at the point when the customer receives the goods. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net selling price, after making due allowance for obsolete and slow |
moving items. |
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Financial instruments |
The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan account, |
trade creditors and accruals. |
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Financial instruments that are payable or receivable withing one year, typically Directors' loan accounts, trade |
creditors, accruals and trade debtors, are measured initially and subsequently at the undiscounted amount of the |
cash or other consideration that is expected to be paid or received. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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SURE FIRE HEATING & MAINTENANCE LIMITED (REGISTERED NUMBER: 04729766) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 May 2017 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those assets |
are depreciated over their estimated useful lives. |
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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. |
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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. |
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The company makes contributions to the Sure Fire Heating & Maintenance Limited pension scheme, a defined |
contribution scheme, the assets of the scheme being held separately from the assets of the company. The pension |
cost charge represents contributions payable to the scheme. The company's liability is limited to the amount of |
the contribution. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 June 2016 |
and 31 May 2017 |
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DEPRECIATION |
At 1 June 2016 |
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Charge for year |
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At 31 May 2017 |
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NET BOOK VALUE |
At 31 May 2017 |
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At 31 May 2016 |
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SURE FIRE HEATING & MAINTENANCE LIMITED (REGISTERED NUMBER: 04729766) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 May 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £30,958 were paid to the directors . |
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Dividends paid to the wife of a director in the year were £3,096 (2016: £3,600). |
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The controlling party is the directors.. |
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8. | FIRST YEAR ADOPTION |
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There are no transitional adjustments to report upon the first year of adoption of FRS102 section 1a |