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REGISTERED NUMBER: 04082100 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 January 2024

for

Burning Desire Fireplace Centre (UK)
Limited

Burning Desire Fireplace Centre (UK)
Limited (Registered number: 04082100)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Burning Desire Fireplace Centre (UK)
Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: L W Armstrong
B Armstrong





SECRETARY: L W Armstrong





REGISTERED OFFICE: 70 Market Street
Tottington
Bury
BL8 3LJ





REGISTERED NUMBER: 04082100 (England and Wales)





ACCOUNTANTS: Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ

Burning Desire Fireplace Centre (UK)
Limited (Registered number: 04082100)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 166,534 144,727
166,534 144,727

CURRENT ASSETS
Stocks 148,810 142,051
Debtors 6 108,351 210,652
Cash at bank 58,072 127,587
315,233 480,290
CREDITORS
Amounts falling due within one year 7 87,992 174,785
NET CURRENT ASSETS 227,241 305,505
TOTAL ASSETS LESS CURRENT LIABILITIES 393,775 450,232

CREDITORS
Amounts falling due after more than one
year

8

(132,949

)

(117,751

)

PROVISIONS FOR LIABILITIES 9 (38,290 ) (32,838 )
NET ASSETS 222,536 299,643

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 222,534 299,641
SHAREHOLDERS' FUNDS 222,536 299,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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 directors acknowledge their 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.

Burning Desire Fireplace Centre (UK)
Limited (Registered number: 04082100)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





B Armstrong - Director


Burning Desire Fireplace Centre (UK)
Limited (Registered number: 04082100)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Burning Desire Fireplace Centre (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Burning Desire Fireplace Centre (UK)
Limited (Registered number: 04082100)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 7,000
AMORTISATION
At 1 February 2023
and 31 January 2024 7,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Burning Desire Fireplace Centre (UK)
Limited (Registered number: 04082100)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 13,374 22,702 11,913 196,105 244,094
Additions - - 2,704 87,060 89,764
Disposals - - - (87,980 ) (87,980 )
At 31 January 2024 13,374 22,702 14,617 195,185 245,878
DEPRECIATION
At 1 February 2023 - 20,062 10,608 68,697 99,367
Charge for year - 660 826 30,691 32,177
Eliminated on disposal - - - (52,200 ) (52,200 )
At 31 January 2024 - 20,722 11,434 47,188 79,344
NET BOOK VALUE
At 31 January 2024 13,374 1,980 3,183 147,997 166,534
At 31 January 2023 13,374 2,640 1,305 127,408 144,727

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 62,680 202,995
Amounts owed by associates 30 -
Other debtors 45,641 7,657
108,351 210,652

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 9,500 10,000
Hire purchase contracts 22,922 19,357
Trade creditors 29,621 43,001
Amounts owed to associates - 67
Taxation and social security 19,890 69,828
Other creditors 6,059 32,532
87,992 174,785

Burning Desire Fireplace Centre (UK)
Limited (Registered number: 04082100)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,833 23,333
Hire purchase contracts 119,116 94,418
132,949 117,751

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 38,290 32,838

Deferred
tax
£   
Balance at 1 February 2023 32,838
Provided during year 5,452
Balance at 31 January 2024 38,290

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of B. Armstrong and L. Armstrong by virtue of their shareholding and directorship.