Focus Fireplaces (Holdings) Limited 04033565 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is provision of management services. Digita Accounts Production Advanced 6.30.9574.0 true false true 04033565 2022-07-01 2023-06-30 04033565 2023-06-30 04033565 bus:OrdinaryShareClass1 2023-06-30 04033565 core:RetainedEarningsAccumulatedLosses 2023-06-30 04033565 core:ShareCapital 2023-06-30 04033565 core:CurrentFinancialInstruments 2023-06-30 04033565 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 04033565 core:CostValuation 2023-06-30 04033565 core:DisposalsDecreaseInInvestments 2023-06-30 04033565 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 04033565 core:MotorVehicles 2023-06-30 04033565 core:OfficeEquipment 2023-06-30 04033565 bus:SmallEntities 2022-07-01 2023-06-30 04033565 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 04033565 bus:FullAccounts 2022-07-01 2023-06-30 04033565 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 04033565 bus:RegisteredOffice 2022-07-01 2023-06-30 04033565 bus:Director1 2022-07-01 2023-06-30 04033565 bus:Director2 2022-07-01 2023-06-30 04033565 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 04033565 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 04033565 bus:Agent1 2022-07-01 2023-06-30 04033565 core:Buildings 2022-07-01 2023-06-30 04033565 core:CommercialMotorVehicles 2022-07-01 2023-06-30 04033565 core:LandBuildings core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04033565 core:MotorVehicles 2022-07-01 2023-06-30 04033565 core:OfficeEquipment 2022-07-01 2023-06-30 04033565 core:PlantMachinery 2022-07-01 2023-06-30 04033565 core:Subsidiary1 2022-07-01 2023-06-30 04033565 core:Subsidiary1 1 2022-07-01 2023-06-30 04033565 core:Subsidiary1 countries:EnglandWales 2022-07-01 2023-06-30 04033565 countries:EnglandWales 2022-07-01 2023-06-30 04033565 2022-06-30 04033565 core:CostValuation 2022-06-30 04033565 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 04033565 core:MotorVehicles 2022-06-30 04033565 core:OfficeEquipment 2022-06-30 04033565 2021-07-01 2022-06-30 04033565 2022-06-30 04033565 bus:OrdinaryShareClass1 2022-06-30 04033565 core:RetainedEarningsAccumulatedLosses 2022-06-30 04033565 core:ShareCapital 2022-06-30 04033565 core:CurrentFinancialInstruments 2022-06-30 04033565 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 04033565 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 04033565 core:MotorVehicles 2022-06-30 04033565 core:OfficeEquipment 2022-06-30 04033565 core:Subsidiary1 1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04033565

Focus Fireplaces (Holdings) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Focus Fireplaces (Holdings) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Focus Fireplaces (Holdings) Limited

Company Information

Directors

Mr Julian Somers

Mrs Sandra Carol Somers

Registered office

1 Reginald Grove
York
North Yorkshire
YO23 1LN

Accountants

Ian Walker & Co
Chartered Accountants
Box Tree House
Northminster Business Park
Upper Poppleton
York
YO26 6QR

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Focus Fireplaces (Holdings) Limited
for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Focus Fireplaces (Holdings) Limited for the year ended 30 June 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Focus Fireplaces (Holdings) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Focus Fireplaces (Holdings) Limited and state those matters that we have agreed to state to the Board of Directors of Focus Fireplaces (Holdings) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Focus Fireplaces (Holdings) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Focus Fireplaces (Holdings) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Focus Fireplaces (Holdings) Limited. You consider that Focus Fireplaces (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Focus Fireplaces (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Ian Walker & Co
Chartered Accountants
Box Tree House
Northminster Business Park
Upper Poppleton
York
YO26 6QR

17 October 2023

 

Focus Fireplaces (Holdings) Limited

(Registration number: 04033565)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

12,921

2,273

Investments

5

-

85

 

12,921

2,358

Current assets

 

Debtors

6

389,282

455,831

Cash at bank and in hand

 

658,012

316,575

 

1,047,294

772,406

Creditors: Amounts falling due within one year

7

(104,690)

(79,949)

Net current assets

 

942,604

692,457

Net assets

 

955,525

694,815

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

955,425

694,715

Shareholders' funds

 

955,525

694,815

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 October 2023 and signed on its behalf by:
 

 

Focus Fireplaces (Holdings) Limited

(Registration number: 04033565)
Balance Sheet as at 30 June 2023

.........................................
Mr Julian Somers
Director

.........................................
Mrs Sandra Carol Somers
Director

 
     
 

Focus Fireplaces (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Reginald Grove
York
North Yorkshire
YO23 1LN
England

These financial statements were authorised for issue by the Board on 17 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Focus Fireplaces (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold buildings

10% reducing balance

Commercial motor vehicles

25% reducing balance

Plant and Machinery

10% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Focus Fireplaces (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Focus Fireplaces (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Land and buildings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

43,526

-

-

43,526

Additions

-

875

-

875

Acquired through business combinations

-

-

10,000

10,000

At 30 June 2023

43,526

875

10,000

54,401

Depreciation

At 1 July 2022

41,253

-

-

41,253

Charge for the year

227

-

-

227

At 30 June 2023

41,480

-

-

41,480

Carrying amount

At 30 June 2023

2,046

875

10,000

12,921

At 30 June 2022

2,273

-

-

2,273

Included within the net book value of land and buildings above is £2,046 (2022 - £2,273) in respect of freehold land and buildings.
 

 

Focus Fireplaces (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Investments

2023
£

2022
£

Investments in subsidiaries

-

85

Subsidiaries

£

Cost or valuation

At 1 July 2022

85

Disposals

(85)

At 30 June 2023

-

Provision

Carrying amount

At 30 June 2023

-

At 30 June 2022

85

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Focus Fireplaces (Manufacturing) Limited

As Company

England and Wales

£1 Ordinary shares

0%

85%

Subsidiary undertakings

Focus Fireplaces (Manufacturing) Limited

The principal activity of Focus Fireplaces (Manufacturing) Limited is manufacturer of fire surrounds..

 

Focus Fireplaces (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

-

326,031

Other debtors

 

389,282

129,800

 

389,282

455,831

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,850

400

Taxation and social security

8,783

-

Accruals and deferred income

1,000

1,000

Other creditors

93,057

78,549

104,690

79,949

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100