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Company Registration No. 11713169 (England and Wales)
COMFORT WOOD FUEL LTD Unaudited accounts for the year ended 31 December 2023
COMFORT WOOD FUEL LTD Unaudited accounts Contents
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COMFORT WOOD FUEL LTD Company Information for the year ended 31 December 2023
Director
Aleksandrs Galass
Company Number
11713169 (England and Wales)
Registered Office
International House 36-38 Cornhill London EC3V 3NG United Kingdom
Accountants
Trusted Tax Advisers Steward House 14 Commercial Way Woking Surrey GU21 6ET
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COMFORT WOOD FUEL LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,850 
62,467 
Current assets
Inventories
450,344 
514,498 
Debtors
1,657,489 
1,847,476 
Cash at bank and in hand
770,603 
29,721 
2,878,436 
2,391,695 
Creditors: amounts falling due within one year
(2,112,237)
(1,891,140)
Net current assets
766,199 
500,555 
Net assets
813,049 
563,022 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
812,949 
562,922 
Shareholders' funds
813,049 
563,022 
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 12 July 2024 and were signed on its behalf by
Aleksandrs Galass Director Company Registration No. 11713169
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COMFORT WOOD FUEL LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
COMFORT WOOD FUEL LTD is a private company, limited by shares, registered in England and Wales, registration number 11713169. The registered office is International House, 36-38 Cornhill, London, EC3V 3NG, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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COMFORT WOOD FUEL LTD Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2023
104,920 
At 31 December 2023
104,920 
Depreciation
At 1 January 2023
42,453 
Charge for the year
15,617 
At 31 December 2023
58,070 
Net book value
At 31 December 2023
46,850 
At 31 December 2022
62,467 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,657,489 
1,847,476 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
494,764 
453,344 
Trade creditors
1,427,578 
857,709 
Taxes and social security
80,174 
58,980 
Other creditors
- 
438,420 
Accruals
109,721 
82,687 
2,112,237 
1,891,140 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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