Eternal Flame Fires & Fireplaces Ltd |
Registered Number:04991541 |
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2024
Eternal Flame Fires & Fireplaces Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Eternal Flame Fires & Fireplaces Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
6,260
9,489
2
6,260
9,489
37,700
42,000
3
Trade and other receivables |
15,662
11,336
4
9,584
Cash and cash equivalents |
10,108
63,444
62,946
Trade and other payables: amounts falling due within one |
year |
(11,499)
(10,317)
5
51,447
53,127
Net current assets
Total assets less current liabilities |
59,387
60,936
Trade and other payables: amounts falling due after more |
than one year |
(67,527)
(58,200)
6
(794)
(1,321)
Provisions for liabilities |
393
Net assets/liabilities
(7,912)
2
2
391
(7,914)
393
(7,912)
Shareholders' funds
For the year ended 31 January 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 18 April 2024 and were signed by: |
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For the year ended 31 January 2024
Eternal Flame Fires & Fireplaces Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 January 2024
Eternal Flame Fires & Fireplaces Ltd
Notes to the Financial Statements
Statutory Information
Eternal Flame Fires & Fireplaces Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 04991541. |
Unit 1
Mochdre Business Park
Mochdre, Colwyn Bay
Conwy
LL28 5HF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Fixtures and Fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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. |
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 31 January 2024
Eternal Flame Fires & Fireplaces Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
47,455
415
31,103
15,039
898
15,039
31,103
415
47,455
898
Provision for depreciation and impairment |
37,966
252
25,357
11,799
558
Charge for year
3,229
63
3,076
-
90
41,195
315
28,433
11,799
648
250
3,240
2,670
100
6,260
340
3,240
5,746
163
9,489
2023
2024
42,000
37,700
4. Trade and other receivables |
2023
2024
6,945
9,143
Prepayments and accrued income |
4,391
4,305
Taxation and social security |
-
2,214
15,662
11,336
5. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
4,516
4,215
-
5,306
Taxation and social security |
5,051
1,228
Accruals and deferred income |
750
750
10,317
11,499
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For the year ended 31 January 2024
Eternal Flame Fires & Fireplaces Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
35,596
40,112
27,415
22,604
58,200
67,527
7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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