IRIS Accounts Production v23.3.0.418 02895782 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028957822022-02-28028957822023-02-28028957822022-03-012023-02-28028957822021-02-28028957822021-03-012022-02-28028957822022-02-2802895782ns10:Originalns15:EnglandWales2022-03-012023-02-2802895782ns14:PoundSterlingns10:Original2022-03-012023-02-2802895782ns10:Originalns10:Director12022-03-012023-02-2802895782ns10:Original2022-03-012023-02-2802895782ns10:Original2023-02-2802895782ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2802895782ns10:Originalns10:SmallEntities2022-03-012023-02-2802895782ns10:Originalns10:AuditExemptWithAccountantsReport2022-03-012023-02-2802895782ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2802895782ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2802895782ns10:Originalns10:FullAccounts2022-03-012023-02-2802895782ns10:Originalns10:RegisteredOffice2022-03-012023-02-2802895782ns10:Original2022-02-2802895782ns10:Originalns5:CurrentFinancialInstruments2023-02-2802895782ns10:Originalns5:CurrentFinancialInstruments2022-02-2802895782ns10:Originalns5:Non-currentFinancialInstruments2023-02-2802895782ns10:Originalns5:Non-currentFinancialInstruments2022-02-2802895782ns5:ShareCapitalns10:Original2023-02-2802895782ns5:ShareCapitalns10:Original2022-02-2802895782ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2802895782ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2802895782ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-03-012023-02-2802895782ns10:Originalns5:PlantMachinery2022-03-012023-02-2802895782ns10:Originalns5:FurnitureFittings2022-03-012023-02-2802895782ns10:Originalns5:MotorVehicles2022-03-012023-02-2802895782ns10:Original2021-03-012022-02-2802895782ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-02-2802895782ns10:Originalns5:PlantMachinery2022-02-2802895782ns10:Originalns5:FurnitureFittings2022-02-2802895782ns10:Originalns5:MotorVehicles2022-02-2802895782ns10:Original2022-02-2802895782ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-2802895782ns10:Originalns5:PlantMachinery2023-02-2802895782ns10:Originalns5:FurnitureFittings2023-02-2802895782ns10:Originalns5:MotorVehicles2023-02-2802895782ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-02-2802895782ns10:Originalns5:PlantMachinery2022-02-2802895782ns10:Originalns5:FurnitureFittings2022-02-2802895782ns10:Originalns5:MotorVehicles2022-02-2802895782ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2802895782ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2802895782ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2802895782ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2802895782ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-02-2802895782ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-02-2802895782ns10:Originalns5:HirePurchaseContracts2023-02-2802895782ns10:Originalns5:HirePurchaseContracts2022-02-2802895782ns10:Originalns5:WithinOneYear2023-02-2802895782ns10:Originalns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 02895782 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

WOODSTOCK FIRES LIMITED

WOODSTOCK FIRES LIMITED (REGISTERED NUMBER: 02895782)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

WOODSTOCK FIRES LIMITED

COMPANY INFORMATION
for the year ended 28 February 2023







DIRECTOR: N T Faith





REGISTERED OFFICE: 3 Station Road
Heathfield
East Sussex
TN21 8LD





REGISTERED NUMBER: 02895782 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

WOODSTOCK FIRES LIMITED (REGISTERED NUMBER: 02895782)

BALANCE SHEET
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,418 48,155

CURRENT ASSETS
Stocks 75,690 49,910
Debtors 5 7,588 9,936
Cash at bank 175,648 93,609
258,926 153,455
CREDITORS
Amounts falling due within one year 6 151,132 81,330
NET CURRENT ASSETS 107,794 72,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,212

120,280

CREDITORS
Amounts falling due after more than one
year

7

14,518

19,641
NET ASSETS 129,694 100,639

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 129,684 100,629
129,694 100,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

WOODSTOCK FIRES LIMITED (REGISTERED NUMBER: 02895782)

BALANCE SHEET - continued
28 February 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 director and authorised for issue on 13 November 2023 and were signed by:





N T Faith - Director


WOODSTOCK FIRES LIMITED (REGISTERED NUMBER: 02895782)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023


1. STATUTORY INFORMATION

Woodstock Fires 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
Significant judgements have been made in the estimation of the useful economic life and residual value of assets for the purpose of calculating depreciation.

Turnover
Revenue is recognised when it is probable that future economic benefits will flow to the company from the sale of goods and services and is measured as the fair value of consideration which the company expects to receive from those transactions. Sales of goods are recognised at the point of sale or on delivery of the goods and when the risks and rewards of ownership have passed to the customer. Revenue from services is recognised when the services are provided.

Revenue from internet sales is recognised at the point when the goods are despatched to the customer.

Revenue is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

WOODSTOCK FIRES LIMITED (REGISTERED NUMBER: 02895782)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market price or fair value. Equity instruments which are treated as financial assets and accounted for at cost are also assessed for impairment.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 4 ) .

WOODSTOCK FIRES LIMITED (REGISTERED NUMBER: 02895782)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2022 73,048 15,327 17,560 69,385 175,320
Additions - 287 179 - 466
At 28 February 2023 73,048 15,614 17,739 69,385 175,786
DEPRECIATION
At 1 March 2022 50,476 11,986 15,638 49,065 127,165
Charge for year 5,643 945 535 5,080 12,203
At 28 February 2023 56,119 12,931 16,173 54,145 139,368
NET BOOK VALUE
At 28 February 2023 16,929 2,683 1,566 15,240 36,418
At 28 February 2022 22,572 3,341 1,922 20,320 48,155

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,308 5,136
Other debtors 173 194
Corporation tax recoverable 1,004 1,004
Prepayments and accrued income 5,103 3,602
7,588 9,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts (see note 8) 5,124 5,124
Payments on account 41,505 30,139
Trade creditors 46,916 25,229
Corporation tax 19,059 -
Social security and other taxes 4,168 1,759
VAT 28,093 14,169
Other creditors 1,967 1,610
Accrued expenses 4,300 3,300
151,132 81,330

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts (see note 8) 14,518 19,641

WOODSTOCK FIRES LIMITED (REGISTERED NUMBER: 02895782)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
28.2.23 28.2.22
£    £   
Net obligations repayable:
Within one year 5,124 5,124
Between one and five years 14,518 19,641
19,642 24,765

Non-cancellable operating leases
28.2.23 28.2.22
£    £   
Within one year 13,800 13,800

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WOODSTOCK FIRES 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 Balance Sheet. 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 Woodstock Fires Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Woodstock Fires Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Woodstock Fires Limited and state those matters that we have agreed to state to the director of Woodstock Fires Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodstock Fires Limited and its director for our work or for this report.

It is your duty to ensure that Woodstock Fires 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 Woodstock Fires Limited. You consider that Woodstock Fires 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 Woodstock Fires 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.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


20 November 2023