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REGISTERED NUMBER: 09849833 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2024

FOR

ROMSEY WOODBURNERS LTD

ROMSEY WOODBURNERS LTD (REGISTERED NUMBER: 09849833)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

ROMSEY WOODBURNERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JANUARY 2024







DIRECTORS: Mrs A J Sheppard
Mr R Sheppard





REGISTERED OFFICE: Unit 10, Manor Nursery
Stockbridge Road
Timsbury
Hampshire
SO51 0NB





REGISTERED NUMBER: 09849833 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ

ROMSEY WOODBURNERS LTD (REGISTERED NUMBER: 09849833)

BALANCE SHEET
30 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,006 59,940

CURRENT ASSETS
Stocks 55,000 40,000
Debtors 5 213,729 303,157
Cash at bank 38,925 40,429
307,654 383,586
CREDITORS
Amounts falling due within one year 6 83,017 111,430
NET CURRENT ASSETS 224,637 272,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,643

332,096

CREDITORS
Amounts falling due after more than one
year

7

21,748

34,324
NET ASSETS 240,895 297,772

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 240,893 297,770
SHAREHOLDERS' FUNDS 240,895 297,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

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

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 20 September 2024 and were signed on its behalf by:





Mr R Sheppard - Director


ROMSEY WOODBURNERS LTD (REGISTERED NUMBER: 09849833)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024

1. STATUTORY INFORMATION

Romsey Woodburners Ltd 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The directors believe there are no significant judgements, estimates or assumptions that will have a material affect within the next year or on the preparation of the financial statements for the current year.

REVENUE RECOGNITION
Turnover is the amount derived from the sale of wood burners and multi fuel stoves, stated net of VAT.

Revenue is recognised when the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and if appropriate are adjusted if there is an indication of a significant change the last reporting date.

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

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.

SHORT TERM DEBTORS AND CREDITORS
Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price whether or not a rate of interest is charged on the balance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ROMSEY WOODBURNERS LTD (REGISTERED NUMBER: 09849833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 January 2023 2,203 - 109,865 2,221 114,289
Additions - 3,313 - 150 3,463
Disposals - - (28,807 ) - (28,807 )
At 30 January 2024 2,203 3,313 81,058 2,371 88,945
DEPRECIATION
At 31 January 2023 1,045 - 52,317 987 54,349
Charge for year 441 663 11,349 791 13,244
Eliminated on disposal - - (16,654 ) - (16,654 )
At 30 January 2024 1,486 663 47,012 1,778 50,939
NET BOOK VALUE
At 30 January 2024 717 2,650 34,046 593 38,006
At 30 January 2023 1,158 - 57,548 1,234 59,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,175 152,659
Amounts owed by associates 145,013 145,013
Prepayments 5,541 5,485
213,729 303,157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,238 9,978
Hire purchase contracts (see note 8) 2,209 21,178
Trade creditors 16,632 38,903
Tax 109 20,215
Social security and other taxes 3,318 182
CIS tax 2,965 1,677
VAT 22,802 13,707
Other creditors 30 1,716
Directors' current accounts 19,117 1,097
Accrued expenses 5,597 2,777
83,017 111,430

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,369 10,191
Bank loans - 2-5 years 11,379 21,925
Hire purchase contracts (see note 8) - 2,208
21,748 34,324

ROMSEY WOODBURNERS LTD (REGISTERED NUMBER: 09849833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 2,209 21,178
Between one and five years - 2,208
2,209 23,386

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROMSEY WOODBURNERS LTD

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 Romsey Woodburners Ltd for the year ended 30 January 2024 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Romsey Woodburners Ltd, 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 Romsey Woodburners Ltd and state those matters that we have agreed to state to the Board of Directors of Romsey Woodburners Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Romsey Woodburners Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Romsey Woodburners Ltd 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 loss of Romsey Woodburners Ltd. You consider that Romsey Woodburners 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 financial statements of Romsey Woodburners 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 financial statements.






Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ


Date: .............................................