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REGISTERED NUMBER: 11190725 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Charming Stoves Limited

Charming Stoves Limited (Registered number: 11190725)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Charming Stoves Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr A C Owens





REGISTERED OFFICE: Charm House
Martock Road
Long Load
Langport
Somerset
TA10 9LB





REGISTERED NUMBER: 11190725 (England and Wales)





ACCOUNTANTS: Somerset Accountancy Services Ltd
22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB

Charming Stoves Limited (Registered number: 11190725)

Abridged Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,626 37,373

CURRENT ASSETS
Stocks 2,900 3,100
Debtors 12,017 10,757
Cash at bank 13,791 22,962
28,708 36,819
CREDITORS
Amounts falling due within one year 44,520 49,397
NET CURRENT LIABILITIES (15,812 ) (12,578 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,814

24,795

PROVISIONS FOR LIABILITIES 5 6,102 6,531
NET ASSETS 12,712 18,264

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 12,711 18,263
SHAREHOLDERS' FUNDS 12,712 18,264

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.

Charming Stoves Limited (Registered number: 11190725)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 November 2023 and were signed by:





Mr A C Owens - Director


Charming Stoves Limited (Registered number: 11190725)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Charming Stoves 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.

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 - 33% on reducing balance, 20% on reducing balance and 15% 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.

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.

Charming Stoves Limited (Registered number: 11190725)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 60,300
Additions 4,379
Disposals (1,189 )
At 28 February 2023 63,490
DEPRECIATION
At 1 March 2022 22,927
Charge for year 6,378
Eliminated on disposal (441 )
At 28 February 2023 28,864
NET BOOK VALUE
At 28 February 2023 34,626
At 28 February 2022 37,373

5. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 6,102 6,531

Deferred
tax
£   
Balance at 1 March 2022 6,531
Accelerated capital allowances (429 )
Balance at 28 February 2023 6,102

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1,000 Ordinary 0.001 1 1