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REGISTERED NUMBER: 06781206 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2022

FOR

BASINGSTOKE FIREPLACE CENTRE LIMITED

BASINGSTOKE FIREPLACE CENTRE LIMITED (REGISTERED NUMBER: 06781206)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

BASINGSTOKE FIREPLACE CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2022







DIRECTOR: C J Bird





REGISTERED OFFICE: The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 06781206 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

BASINGSTOKE FIREPLACE CENTRE LIMITED (REGISTERED NUMBER: 06781206)

STATEMENT OF FINANCIAL POSITION
30 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 51,595 59,231
51,595 59,231

CURRENT ASSETS
Stocks 102,465 102,227
Debtors 6 63,425 45,848
Cash at bank and in hand 79,622 82,269
245,512 230,344
CREDITORS
Amounts falling due within one year 7 191,779 176,182
NET CURRENT ASSETS 53,733 54,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,328

113,393

CREDITORS
Amounts falling due after more than one year 8 (25,000 ) (35,000 )

PROVISIONS FOR LIABILITIES (12,456 ) (10,896 )
NET ASSETS 67,872 67,497

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 67,871 67,496
SHAREHOLDERS' FUNDS 67,872 67,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BASINGSTOKE FIREPLACE CENTRE LIMITED (REGISTERED NUMBER: 06781206)

STATEMENT OF FINANCIAL POSITION - continued
30 DECEMBER 2022


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 director and authorised for issue on 24 October 2023 and were signed by:





C J Bird - Director


BASINGSTOKE FIREPLACE CENTRE LIMITED (REGISTERED NUMBER: 06781206)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2022

1. STATUTORY INFORMATION

Basingstoke Fireplace Centre 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 33% on cost

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

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 statement of financial position date.

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.

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.

BASINGSTOKE FIREPLACE CENTRE LIMITED (REGISTERED NUMBER: 06781206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 December 2021
and 30 December 2022 11,000
AMORTISATION
At 31 December 2021
and 30 December 2022 11,000
NET BOOK VALUE
At 30 December 2022 -
At 30 December 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2021 168,324
Additions 38,682
Disposals (17,124 )
At 30 December 2022 189,882
DEPRECIATION
At 31 December 2021 109,093
Charge for year 46,318
Eliminated on disposal (17,124 )
At 30 December 2022 138,287
NET BOOK VALUE
At 30 December 2022 51,595
At 30 December 2021 59,231

BASINGSTOKE FIREPLACE CENTRE LIMITED (REGISTERED NUMBER: 06781206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 41,450 33,763
Other debtors 21,975 12,085
63,425 45,848

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 102,745 112,437
Taxation and social security 52,932 25,485
Other creditors 36,102 38,260
191,779 176,182

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other creditors 25,000 35,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 45,169 37,446
Between one and five years 139,420 123,517
In more than five years 72,500 102,500
257,089 263,463

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The overdrawn director's loan account was repaid within 9 months from the financial year end.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C J Bird.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BASINGSTOKE FIREPLACE CENTRE LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Basingstoke Fireplace Centre Limited for the year ended 30 December 2022 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Basingstoke Fireplace Centre Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Basingstoke Fireplace Centre Limited and state those matters that we have agreed to state to the director of Basingstoke Fireplace Centre Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Basingstoke Fireplace Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Basingstoke Fireplace Centre Limited. You consider that Basingstoke Fireplace Centre 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 financial statements of Basingstoke Fireplace Centre 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 financial statements.






LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG


24 October 2023