REGISTERED NUMBER: 03151149 (England and Wales)

EA-RS FIRE ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Wheal

D W Watson

M L Wheeler

J Clitheroe

P Silverlock

REGISTERED OFFICE:

Unit 4 Swanbridge Industrial Park

Black Croft Road

Witham

Essex

CM8 3YN

REGISTERED NUMBER:

03151149 (England and Wales)

FIXED ASSETS

Intangible assets

4

452,030

-

Tangible assets

5

201,266

238,751

Investments

6

414,726

397,075

1,068,022

635,826

CURRENT ASSETS

Stocks

22,500

45,428

Debtors

7

3,666,674

3,623,440

Cash at bank and in hand

452,581

390,437

4,141,755

4,059,305

CREDITORS

Amounts falling due within one year

8

(3,429,122

)

(3,052,926

)

NET CURRENT ASSETS

712,633

1,006,379

TOTAL ASSETS LESS CURRENT LIABILITIES

1,780,655

1,642,205

CREDITORS

Amounts falling due after more than one year

9

(149,728

)

(230,532

)

PROVISIONS FOR LIABILITIES

(81,230

)

(81,132

)

NET ASSETS

1,549,697

1,330,541

CAPITAL AND RESERVES

Called up share capital

675

675

Capital redemption reserve

250

325

Non-distributable reserves

315,356

315,356

Retained earnings

1,233,416

1,014,185

SHAREHOLDERS' FUNDS

1,549,697

1,330,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 April 2019 and were signed on its behalf by:

M L Wheeler - Director

1.	STATUTORY INFORMATION

EA-RS Fire Engineering 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 FRS 102 "The Financial Reporting Standards

applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as

applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is

required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain

financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work

carried out in respect of services provided to customers.

Turnover on long-term contracts is determined by reference to the stage of completion of each contract.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of trade intellectual property, is being amortised

over 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

20% Straight line

Plant and machinery

-

15% Reducing balance

Motor vehicles

-

25% Reducing balance

Computer equipment

-

33% Straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Amounts recoverable on contracts

Operating profit includes attributable profit on contracts completed and amounts recoverable on contracts

uncompleted, the latter being included within debtors.

Amounts are included within other creditors where invoices are raised in advance on uncompleted projects.

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.

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.

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.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other

Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to

the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest

method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present

value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and

subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt

instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue

costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion

of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2017 - 47 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

502,255

At 30 September 2018

502,255

AMORTISATION

Charge for year

50,225

At 30 September 2018

50,225

NET BOOK VALUE

At 30 September 2018

452,030

5.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST OR VALUATION

At 1 October 2017

154,000

14,000

38,767

Disposals

(24,000

)

-

-

At 30 September 2018

130,000

14,000

38,767

DEPRECIATION

At 1 October 2017

-

7,700

30,486

Charge for year

-

2,800

1,256

Eliminated on disposal

-

-

-

At 30 September 2018

-

10,500

31,742

NET BOOK VALUE

At 30 September 2018

130,000

3,500

7,025

At 30 September 2017

154,000

6,300

8,281

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 October 2017

4,414

59,728

60,545

331,454

Additions

-

16,200

9,550

25,750

Disposals

-

(16,200

)

-

(40,200

)

At 30 September 2018

4,414

59,728

70,095

317,004

DEPRECIATION

At 1 October 2017

1,177

14,776

38,564

92,703

Charge for year

491

13,939

7,249

25,735

Eliminated on disposal

-

(2,700

)

-

(2,700

)

At 30 September 2018

1,668

26,015

45,813

115,738

NET BOOK VALUE

At 30 September 2018

2,746

33,713

24,282

201,266

At 30 September 2017

3,237

44,952

21,981

238,751

Cost or valuation at 30 September 2018 is represented by:

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

Valuation in 2016

80,000

-

-

Cost

50,000

14,000

38,767

130,000

14,000

38,767

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2016

-

-

-

80,000

Cost

4,414

59,728

70,095

237,004

4,414

59,728

70,095

317,004

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2017

397,075

Additions

17,651

At 30 September 2018

414,726

NET BOOK VALUE

At 30 September 2018

414,726

At 30 September 2017

397,075

Cost or valuation at 30 September 2018 is represented by:

Other

investments

£

Valuation in 2016

309,329

Cost

105,397

414,726

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

1,970,822

1,285,060

Amounts recoverable on contract

483,907

680,245

Other debtors

1,211,945

1,658,135

3,666,674

3,623,440

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts (see note 10)

8,201

7,876

Trade creditors

1,677,213

1,624,554

Amounts owed to group undertakings

1,512

1,512

Taxation and social security

435,648

284,022

Other creditors

1,306,548

1,134,962

3,429,122

3,052,926

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts (see note 10)

25,201

33,081

Other creditors

124,527

197,451

149,728

230,532

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2018

2017

£

£

Net obligations repayable:

Within one year

8,201

7,876

Between one and five years

25,201

33,081

33,402

40,957

Non-cancellable operating

leases

2018

2017

£

£

Within one year

-

1,819

11.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts

33,402

40,957

Invoice discounting account

747,929

513,384

781,331

554,341

Hire purchase contracts are secured against the assets to which they relate.

The invoice discounting balance is secured by way of a fixed and floating charge over the property and undertaking of

the company. This balance is presented within other creditors.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the company £454,644 (2017: £362,643). During the year advances to

the directors totalled £124,001, and repayments made by the directors totalled £32,000.

Interest has been charged on the above loans at HMRC's official rates.