Loxwood Burners Ltd 09089693 true 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is the retail sale of stoves and fireplaces. Digita Accounts Production Advanced 6.30.9574.0 true Mr Matthew West Ms Elizabeth Ball 09089693 2022-07-01 2023-06-30 09089693 2023-06-30 09089693 bus:OrdinaryShareClass1 2023-06-30 09089693 core:RetainedEarningsAccumulatedLosses 2023-06-30 09089693 core:ShareCapital 2023-06-30 09089693 core:CurrentFinancialInstruments 2023-06-30 09089693 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 09089693 core:LandBuildings 2023-06-30 09089693 bus:FRS102 2022-07-01 2023-06-30 09089693 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09089693 bus:FullAccounts 2022-07-01 2023-06-30 09089693 bus:RegisteredOffice 2022-07-01 2023-06-30 09089693 bus:CompanySecretary1 2022-07-01 2023-06-30 09089693 bus:Director1 2022-07-01 2023-06-30 09089693 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 09089693 bus:EntityNoLongerTradingButTradedInPast 2022-07-01 2023-06-30 09089693 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09089693 countries:England 2022-07-01 2023-06-30 09089693 2022-06-30 09089693 core:LandBuildings 2022-06-30 09089693 2022-06-30 09089693 bus:OrdinaryShareClass1 2022-06-30 09089693 core:RetainedEarningsAccumulatedLosses 2022-06-30 09089693 core:ShareCapital 2022-06-30 09089693 core:CurrentFinancialInstruments 2022-06-30 09089693 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 09089693 core:LandBuildings 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09089693

Loxwood Burners Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Loxwood Burners Ltd

Profit and Loss Account for the Year Ended 30 June 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Loxwood Burners Ltd

(Registration number: 09089693)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed Assets

 

Tangible Assets

3

104,023

104,023

Current assets

 

Debtors

4

79,046

79,046

Cash at bank and in hand

 

130,986

130,986

 

210,032

210,032

Creditors: Amounts falling due within one year

6

(40,523)

(40,523)

Net current assets

 

169,509

169,509

Net assets

 

273,532

273,532

Capital and Reserves

 

Called up share capital

7

3

3

Retained Earnings

273,529

273,529

Shareholders' funds

 

273,532

273,532

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 March 2024
 

.........................................
Mr Matthew West
Director

 

Loxwood Burners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Hayes & Co
1 Staplesfields
Horsham Road
Steyning
West Sussex
BN44 3AA
England

These financial statements were authorised for issue by the director on 20 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Loxwood Burners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Ttrade Creditors

Ttrade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ttrade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Tangible Assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2022

104,023

104,023

At 30 June 2023

104,023

104,023

Depreciation

Carrying amount

At 30 June 2023

104,023

104,023

At 30 June 2022

104,023

104,023

Included within the net book value of land and buildings above is £104,023 (2022 - £104,023) in respect of freehold land and buildings.
 

4

Debtors

Current

2023
£

2022
£

Other debtors

79,046

79,046

5

Cash and cash equivalents

2023
£

2022
£

Cash at bank

130,986

130,986

 

Loxwood Burners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

2023
£

2022
£

Due within one year

Ttrade Creditors

39,523

39,523

Other payables

1,000

1,000

40,523

40,523

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

3

3

3

3