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
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
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
The Stove House Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
166,028
174,622
Cash at bank and in hand
339,585
316,717
Creditors: amounts falling due within one year
(34,217)
(91,182)
Net current assets
327,830
265,065
Net assets
493,858
439,687
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
The Stove House Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
The Stove House Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
7,395
24,088
Accrued income and prepayments
506
608
6
Creditors: amounts falling due within one year
2024
2023
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' loan account
(7,559)
(49,553)
(54,753)
(2,359)
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).