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REGISTERED NUMBER: 02950287 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

COLNE STOVES & FIREPLACES LIMITED

COLNE STOVES & FIREPLACES LIMITED (REGISTERED NUMBER: 02950287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLNE STOVES & FIREPLACES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr S Cook





REGISTERED OFFICE: 11 Church Road
Wickham St Paul
Halstead
Essex
CO9 2PL





REGISTERED NUMBER: 02950287 (England and Wales)





ACCOUNTANTS: B W Whiffin & Co Ltd
PO Box 13010
Halstead
Essex
CO9 9BP

COLNE STOVES & FIREPLACES LIMITED (REGISTERED NUMBER: 02950287)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,020 42,662

CURRENT ASSETS
Stocks 187,600 125,950
Debtors 5 17,570 91,900
Cash at bank 10,953 45,570
216,123 263,420
CREDITORS
Amounts falling due within one year 6 82,720 99,830
NET CURRENT ASSETS 133,403 163,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,423

206,252

CREDITORS
Amounts falling due after more than one year 7 (10,937 ) (15,797 )

PROVISIONS FOR LIABILITIES (8,061 ) (8,106 )
NET ASSETS 157,425 182,349

CAPITAL AND RESERVES
Called up share capital 126 126
Capital redemption reserve 2 2
Retained earnings 157,297 182,221
SHAREHOLDERS' FUNDS 157,425 182,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

COLNE STOVES & FIREPLACES LIMITED (REGISTERED NUMBER: 02950287)

BALANCE SHEET - continued
30 JUNE 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 1 March 2024 and were signed by:





Mr S Cook - Director


COLNE STOVES & FIREPLACES LIMITED (REGISTERED NUMBER: 02950287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Colne Stoves & Fireplaces 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 net invoiced sales of goods and services, during the accounting period, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15%-25% on reducing balance and 10% on cost

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


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants
Government grants received in respect of the Small Business Grant Fund and the Coronavirus Job Retention Scheme are recognised under the accrual model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

COLNE STOVES & FIREPLACES LIMITED (REGISTERED NUMBER: 02950287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 257,101
Additions 12,511
Disposals (11,767 )
At 30 June 2023 257,845
DEPRECIATION
At 1 July 2022 214,438
Charge for year 8,536
Eliminated on disposal (8,149 )
At 30 June 2023 214,825
NET BOOK VALUE
At 30 June 2023 43,020
At 30 June 2022 42,663

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 14,174
DEPRECIATION
At 1 July 2022 13,110
Charge for year 266
At 30 June 2023 13,376
NET BOOK VALUE
At 30 June 2023 798
At 30 June 2022 1,064

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 9,697 72,331
Other debtors 7,873 19,569
17,570 91,900

COLNE STOVES & FIREPLACES LIMITED (REGISTERED NUMBER: 02950287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 4,824 4,824
Hire purchase contracts 8,198 -
Trade creditors 33,193 43,173
Taxation and social security 31,030 45,563
Other creditors 5,475 6,270
82,720 99,830

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 10,937 15,797