Registered number
09118268
Salisbury Stoves & Wood Burners Limited
Filleted Accounts
31 July 2023
Salisbury Stoves & Wood Burners Limited
Registered number: 09118268
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,062 6,116
Current assets
Stocks 2,500 1,300
Cash at bank and in hand 10,257 7,310
12,757 8,610
Creditors: amounts falling due within one year 4 (7,140) (7,651)
Net current assets 5,617 959
Total assets less current liabilities 10,679 7,075
Creditors: amounts falling due after more than one year 5 (2,070) (2,293)
Net assets 8,609 4,782
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,608 4,781
Shareholder's funds 8,609 4,782
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Rumbold
Director
Approved by the board on 9 October 2023
Salisbury Stoves & Wood Burners Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 13,073 11,180 24,253
At 31 July 2023 13,073 11,180 24,253
Depreciation
At 1 August 2022 8,324 9,813 18,137
Charge for the year 712 342 1,054
At 31 July 2023 9,036 10,155 19,191
Net book value
At 31 July 2023 4,037 1,025 5,062
At 31 July 2022 4,749 1,367 6,116
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 600 600
Taxation and social security costs 6,140 6,651
Other creditors 400 400
7,140 7,651
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,150 1,750
Other creditors 920 543
2,070 2,293
6 Other information
Salisbury Stoves & Wood Burners Limited is a private company limited by shares and incorporated in England. Its registered office is:
26 Mayfair Road
Laverstock
Salisbury
Wilrtshire
SP1 1PQ
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