2023-02-01 04991541 2024-01-31 04991541 2023-02-01 2024-01-31 04991541 2023-01-31 04991541 2022-02-01 2023-01-31 04991541 uk-core:WithinOneYear 2023-01-31 04991541 uk-core:WithinOneYear 2024-01-31 04991541 uk-core:AfterOneYear 2023-01-31 04991541 uk-core:AfterOneYear 2024-01-31 04991541 uk-core:ShareCapital 2024-01-31 04991541 uk-core:ShareCapital 2023-01-31 04991541 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 04991541 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 04991541 uk-bus:Director1 2023-02-01 2024-01-31 04991541 uk-core:PlantMachinery 2023-02-01 2024-01-31 04991541 uk-core:ComputerEquipment 2023-02-01 2024-01-31 04991541 uk-core:MotorVehicles 2023-02-01 2024-01-31 04991541 uk-core:FurnitureFittings 2023-02-01 2024-01-31 04991541 uk-core:ComputerEquipment 2023-01-31 04991541 uk-core:FurnitureFittings 2023-01-31 04991541 uk-core:MotorVehicles 2023-01-31 04991541 uk-core:PlantMachinery 2023-01-31 04991541 uk-core:MotorVehicles 2024-01-31 04991541 uk-core:FurnitureFittings 2024-01-31 04991541 uk-core:ComputerEquipment 2024-01-31 04991541 uk-core:PlantMachinery 2024-01-31 04991541 uk-core:WithinOneYear uk-core:Secured 2024-01-31 04991541 uk-core:WithinOneYear uk-core:Secured 2023-01-31 iso4217:GBP xbrli:pure 04991541 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04991541 uk-bus:FRS102 2023-02-01 2024-01-31 04991541 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 04991541 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Eternal Flame Fires & Fireplaces Ltd
Registered Number:04991541
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
04991541
As at 31 January 2024
Eternal Flame Fires & Fireplaces Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
6,260
9,489
2
6,260
9,489
Current assets
Inventories
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)
Capital and reserves
Called up share capital
2
2
Retained earnings
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.
Ms J Tattum Director
These financial statements were approved and authorised for issue by the Board on 18 April 2024 and were signed by:
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4
Registered Number :
04991541
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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5
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.
Registered address:
Unit 1
Mochdre Business Park
Mochdre, Colwyn Bay
Conwy
LL28 5HF
The presentation currency is £ sterling.
1. Accounting policies
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
10% Straight line
20% Straight line
Computer Equipment
20% Straight line
Motor Vehicles
10% Straight line
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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6
For the year ended 31 January 2024
Eternal Flame Fires & Fireplaces Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Fixtures and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 February 2023
47,455
415
31,103
15,039
898
At 31 January 2024
15,039
31,103
415
47,455
898
Provision for depreciation and impairment
At 01 February 2023
37,966
252
25,357
11,799
558
Charge for year
3,229
63
3,076
-
90
At 31 January 2024
41,195
315
28,433
11,799
648
At 31 January 2024
Net book value
250
3,240
2,670
100
6,260
At 31 January 2023
340
3,240
5,746
163
9,489
3. Inventories
2023
2024
£
£
Stocks
42,000
37,700
4. Trade and other receivables
2023
2024
£
£
Trade debtors
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
Trade creditors
-
5,306
Taxation and social security
5,051
1,228
Accruals and deferred income
750
750
10,317
11,499
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7
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
Directors' loan accounts
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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