BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the manufacturing of fireplaces and fireplace accessories and the retailing of same. 8 August 2024 6 6 NI057877 2024-03-31 NI057877 2023-03-31 NI057877 2022-03-31 NI057877 2023-04-01 2024-03-31 NI057877 2022-04-01 2023-03-31 NI057877 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI057877 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI057877 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI057877 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI057877 uk-bus:Director1 2023-04-01 2024-03-31 NI057877 uk-bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 NI057877 uk-bus:CompanySecretary1 2023-04-01 2024-03-31 NI057877 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 NI057877 uk-bus:Agent1 2023-04-01 2024-03-31 NI057877 uk-core:ShareCapital 2024-03-31 NI057877 uk-core:ShareCapital 2023-03-31 NI057877 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI057877 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI057877 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI057877 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI057877 uk-bus:FRS102 2023-04-01 2024-03-31 NI057877 uk-core:LandBuildings 2023-04-01 2024-03-31 NI057877 uk-core:PlantMachinery 2023-04-01 2024-03-31 NI057877 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI057877 uk-core:MotorVehicles 2023-04-01 2024-03-31 NI057877 uk-core:CurrentFinancialInstruments 2024-03-31 NI057877 uk-core:CurrentFinancialInstruments 2023-03-31 NI057877 uk-core:WithinOneYear 2024-03-31 NI057877 uk-core:WithinOneYear 2023-03-31 NI057877 uk-core:WithinOneYear 2024-03-31 NI057877 uk-core:WithinOneYear 2023-03-31 NI057877 uk-core:AfterOneYear 2024-03-31 NI057877 uk-core:AfterOneYear 2023-03-31 NI057877 uk-core:BetweenOneTwoYears 2024-03-31 NI057877 uk-core:BetweenOneTwoYears 2023-03-31 NI057877 2023-04-01 2024-03-31 NI057877 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI057877
 
 
House of Fireplaces Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2024
House of Fireplaces Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Mark Hamilton
Doreen Hamilton
 
 
Company Secretary Doreen Hamilton
 
 
Company Registration Number NI057877
 
 
Registered Office and Business Address 60-62 West Street
Portadown
Co. Armagh
BT62 3JQ
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers First Trust
  4 - 8 Market Street
  Lurgan
  Co. Armagh
  BT66 6AQ
  United Kingdom



House of Fireplaces Limited
Company Registration Number: NI057877
BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 15,375 20,303
───────── ─────────
 
Current Assets
Stocks 5 72,000 72,000
Debtors 6 2,048 19,977
Cash and cash equivalents 10,306 10,641
───────── ─────────
84,354 102,618
───────── ─────────
Creditors: amounts falling due within one year 7 (60,631) (76,105)
───────── ─────────
Net Current Assets 23,723 26,513
───────── ─────────
Total Assets less Current Liabilities 39,098 46,816
 
Creditors:
amounts falling due after more than one year 8 (11,909) (21,687)
───────── ─────────
Net Assets 27,189 25,129
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 27,187 25,127
───────── ─────────
Equity attributable to owners of the company 27,189 25,129
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 8 August 2024 and signed on its behalf by
           
           
________________________________          
Mark Hamilton          
Director          
           



House of Fireplaces Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
House of Fireplaces Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 60-62 West Street, Portadown, Co. Armagh, BT62 3JQ, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. The company recognises revenue on completion of manufacturing services, or on dispatch of goods to the customer.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 6, (2023 - 6).
 
  2024 2023
  Number Number
 
Employees (including directors) 6 6
  ═════════ ═════════
           
4. Tangible assets
  Land and Plant and Motor Total
  buildings machinery vehicles  
  freehold      
  £ £ £ £
Cost
At 1 April 2023 100,000 33,586 29,460 163,046
  ───────── ───────── ───────── ─────────
 
At 31 March 2024 100,000 33,586 29,460 163,046
  ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2023 100,000 30,629 12,114 142,743
Charge for the financial year - 592 4,336 4,928
  ───────── ───────── ───────── ─────────
At 31 March 2024 100,000 31,221 16,450 147,671
  ───────── ───────── ───────── ─────────
Net book value
At 31 March 2024 - 2,365 13,010 15,375
  ═════════ ═════════ ═════════ ═════════
At 31 March 2023 - 2,957 17,346 20,303
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 72,000 72,000
  ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Trade debtors - 2,150
Directors' current accounts (Note 10) 2,048 10,003
Taxation  (Note 9) - 7,824
  ───────── ─────────
  2,048 19,977
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank loan 10,646 10,646
Trade creditors 33,726 47,900
Taxation  (Note 9) 8,986 10,286
Accruals 7,273 7,273
  ───────── ─────────
  60,631 76,105
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 11,909 21,687
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 10,646 10,646
Repayable between one and two years 11,909 21,687
  ───────── ─────────
  22,555 32,333
  ═════════ ═════════
 
       
9. Taxation 2024 2023
  £ £
 
Debtors:
VAT - 7,824
  ═════════ ═════════
Creditors:
VAT 1,640 -
Corporation tax 4,014 6,774
PAYE / NI 3,332 3,512
  ───────── ─────────
  8,986 10,286
  ═════════ ═════════
   
10. Directors' advances, credits and guarantees
 
During the financial year, the company made a loan to the directors amounting to £2,048. This was repaid within 9 months of the year end.