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REGISTERED NUMBER: 04093252 (England and Wales)














THE FIRESIDE FACTORY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






THE FIRESIDE FACTORY LIMITED (REGISTERED NUMBER: 04093252)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

THE FIRESIDE FACTORY LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: J D J Swain
Mrs J Swain



SECRETARY: Mrs J Swain



REGISTERED OFFICE: Unit 7-9
17 Reddicap Trading Estate
Sutton Coldfield
West Midlands
B75 7BU



REGISTERED NUMBER: 04093252 (England and Wales)



ACCOUNTANTS: Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA



BANKERS: Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB

THE FIRESIDE FACTORY LIMITED (REGISTERED NUMBER: 04093252)

BALANCE SHEET
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,981 25,519

CURRENT ASSETS
Stocks 127,957 118,460
Debtors 5 37,345 96,379
Cash at bank 33,369 74,012
198,671 288,851
CREDITORS
Amounts falling due within one year 6 87,908 171,014
NET CURRENT ASSETS 110,763 117,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,744

143,356

CREDITORS
Amounts falling due after more than one
year

7

(32,611

)

(37,330

)

PROVISIONS FOR LIABILITIES (1,615 ) (1,615 )
NET ASSETS 91,518 104,411

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 91,418 104,311
SHAREHOLDERS' FUNDS 91,518 104,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




J D J Swain - Director


THE FIRESIDE FACTORY LIMITED (REGISTERED NUMBER: 04093252)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

The Fireside Factory 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold improvements - Over a period of ten years
Showroom display - 33.3% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

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 Statement of Income and Retained Earnings, 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Fixed asset investments
Fixed asset investments are stated at open market value on an annual basis by the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

THE FIRESIDE FACTORY LIMITED (REGISTERED NUMBER: 04093252)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Short
leasehold Showroom Plant and
improvements display machinery
£    £    £   
COST
At 1 December 2022 38,260 53,168 3,950
Disposals - (26,293 ) -
At 30 November 2023 38,260 26,875 3,950
DEPRECIATION
At 1 December 2022 38,260 35,251 3,544
Charge for year - 8,959 61
Eliminated on disposal - (26,293 ) -
At 30 November 2023 38,260 17,917 3,605
NET BOOK VALUE
At 30 November 2023 - 8,958 345
At 30 November 2022 - 17,917 406

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 43,980 14,500 9,322 163,180
Disposals - - - (26,293 )
At 30 November 2023 43,980 14,500 9,322 136,887
DEPRECIATION
At 1 December 2022 41,174 10,110 9,322 137,661
Charge for year 421 1,097 - 10,538
Eliminated on disposal - - - (26,293 )
At 30 November 2023 41,595 11,207 9,322 121,906
NET BOOK VALUE
At 30 November 2023 2,385 3,293 - 14,981
At 30 November 2022 2,806 4,390 - 25,519

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 29,969 53,686
Amounts owed by related undertakings 3,467 39,176
Prepayments 3,909 3,517
37,345 96,379

THE FIRESIDE FACTORY LIMITED (REGISTERED NUMBER: 04093252)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 4,800 4,800
Trade creditors 49,855 67,301
Corporation tax payable 2,988 13,841
VAT 386 3,627
Other creditors 11,497 23,731
Wages control - 31
Directors' loan accounts 16,382 55,683
Accrued expenses 2,000 2,000
87,908 171,014

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans - 1-2 years 4,800 4,800
Bank loans - 2-5 years 9,600 14,400
Bank loans more than 5 years 18,211 18,130
32,611 37,330

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 18,211 18,130

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
100 Ordinary £1 100 100

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE FIRESIDE FACTORY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Fireside Factory Limited for the year ended 30 November 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Fireside Factory Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Fireside Factory Limited and state those matters that we have agreed to state to the Board of Directors of The Fireside Factory Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Fireside Factory Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Fireside Factory Limited. You consider that The Fireside Factory Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Fireside Factory Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA


29 August 2024