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Company Registration No. 08389849 (England and Wales)
The Stove House Ltd Unaudited accounts for the year ended 31 March 2024
The Stove House Ltd Unaudited accounts Contents
Page
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The Stove House Ltd Company Information for the year ended 31 March 2024
Directors
Andrew Matthews Lara Matthews
Company Number
08389849 (England and Wales)
Registered Office
The Stove House Bepton Road Midhurst West Sussex GU29 9LU United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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The Stove House Ltd Accountants' report
Accountants' report to the board of directors of The Stove House Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Stove House Ltd for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of The Stove House Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of The Stove House Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Stove House Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Stove House Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Stove House Ltd. You consider that The Stove House Ltd 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 accounts of The Stove House Ltd. 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 accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 26 June 2024
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The Stove House Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
166,028 
174,622 
Current assets
Inventories
14,561 
14,834 
Debtors
7,901 
24,696 
Cash at bank and in hand
339,585 
316,717 
362,047 
356,247 
Creditors: amounts falling due within one year
(34,217)
(91,182)
Net current assets
327,830 
265,065 
Net assets
493,858 
439,687 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
493,758 
439,587 
Shareholders' funds
493,858 
439,687 
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2024 and were signed on its behalf by
Andrew Matthews Director Company Registration No. 08389849
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The Stove House Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
The Stove House Ltd is a private company, limited by shares, registered in England and Wales, registration number 08389849. The registered office is The Stove House, Bepton Road, Midhurst, West Sussex, GU29 9LU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
125,796 
55,324 
4,558 
10,408 
196,086 
Additions
- 
- 
- 
1,397 
1,397 
At 31 March 2024
125,796 
55,324 
4,558 
11,805 
197,483 
Depreciation
At 1 April 2023
- 
11,064 
4,348 
6,052 
21,464 
Charge for the year
- 
8,852 
21 
1,118 
9,991 
At 31 March 2024
- 
19,916 
4,369 
7,170 
31,455 
Net book value
At 31 March 2024
125,796 
35,408 
189 
4,635 
166,028 
At 31 March 2023
125,796 
44,260 
210 
4,356 
174,622 
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The Stove House Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,395 
24,088 
Accrued income and prepayments
506 
608 
7,901 
24,696 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,995 
4,917 
Obligations under finance leases and hire purchase contracts
- 
31,073 
Trade creditors
6,939 
23,318 
Taxes and social security
17,383 
15,535 
Loans from directors
4,720 
15,119 
Accruals
1,180 
1,220 
34,217 
91,182 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Andrew Matthews
Directors' loan account
(7,559)
(49,553)
(54,753)
(2,359)
Lara Matthews
Directors' loan account
(7,560)
(49,554)
(54,753)
(2,361)
(15,119)
(99,107)
(109,506)
(4,720)
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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