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REGISTERED NUMBER: 01120154 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Vulcan Stove Enamelling Limited

Vulcan Stove Enamelling Limited (Registered number: 01120154)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vulcan Stove Enamelling Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: D L Murphy
Mrs J Murphy





SECRETARY: Mrs J Murphy





REGISTERED OFFICE: Station Road
East Preston
Littlehampton
Sussex
BN16 3AA





REGISTERED NUMBER: 01120154 (England and Wales)





ACCOUNTANT: Michael T Parker FCA
South Barn
Marches Road
Warnham
West Sussex
RH12 3SL

Vulcan Stove Enamelling Limited (Registered number: 01120154)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,246 19,449

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 45,155 55,078
Cash at bank 63,673 71,173
118,828 136,251
CREDITORS
Amounts falling due within one year 6 121,057 152,887
NET CURRENT LIABILITIES (2,229 ) (16,636 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,017

2,813

PROVISIONS FOR LIABILITIES 2,108 2,551
NET ASSETS 10,909 262

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,809 162
SHAREHOLDERS' FUNDS 10,909 262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Vulcan Stove Enamelling Limited (Registered number: 01120154)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 18 October 2023 and were signed on its behalf by:





D L Murphy - Director


Vulcan Stove Enamelling Limited (Registered number: 01120154)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Vulcan Stove Enamelling 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales and work done during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

Vulcan Stove Enamelling Limited (Registered number: 01120154)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 17,079 161,616 178,695
DEPRECIATION
At 1 February 2022 11,960 147,286 159,246
Charge for year 1,708 2,495 4,203
At 31 January 2023 13,668 149,781 163,449
NET BOOK VALUE
At 31 January 2023 3,411 11,835 15,246
At 31 January 2022 5,119 14,330 19,449

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 44,758 26,587
Other debtors 397 28,491
45,155 55,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 68,693 101,243
Trade creditors 12,028 7,343
Taxation and social security 25,358 37,387
Other creditors 14,978 6,914
121,057 152,887

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £3,000 (2022 - £21,500) were paid to the directors .

The directors own the property from which the company trades. Rent of £24,000 was paid to the directors for the year. (2022 £24,000).

8. ULTIMATE CONTROLLING PARTY

The controlling party is D L Murphy.