Company Registration No. 13953813 (England and Wales)
The Stove Cave Limited
Unaudited accounts
for the year ended 31 March 2024
The Stove Cave Limited
Unaudited accounts
Contents
The Stove Cave Limited
Company Information
for the year ended 31 March 2024
Directors
Mr N Wainman
Mrs D Wainman
Company Number
13953813 (England and Wales)
Registered Office
Timber Top Farm
Holms Lane
North Newbald, York
North Yorkshire
YO43 4SS
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
The Stove Cave Limited
Statement of financial position
as at 31 March 2024
Intangible assets
6,000
8,000
Tangible assets
34,472
43,948
Cash at bank and in hand
20,320
19,301
Creditors: amounts falling due within one year
(15,238)
(50,857)
Net current assets
18,742
18,647
Total assets less current liabilities
59,214
70,595
Creditors: amounts falling due after more than one year
(15,533)
(22,711)
Provisions for liabilities
Deferred tax
(13,313)
(8,350)
Called up share capital
100
100
Profit and loss account
30,268
39,434
Shareholders' funds
30,368
39,534
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 21 October 2024 and were signed on its behalf by
Mr N Wainman
Director
Company Registration No. 13953813
The Stove Cave Limited
Notes to the Accounts
for the year ended 31 March 2024
The Stove Cave Limited is a private company, limited by shares, registered in England and Wales, registration number 13953813. The registered office is Timber Top Farm, Holms Lane, North Newbald, York, North Yorkshire, YO43 4SS, England.
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.
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:
Plant & machinery
25% Cost
Fixtures & fittings
25% Cost
Computer equipment
25% Cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The Stove Cave Limited
Notes to the Accounts
for the year ended 31 March 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
9,702
39,295
3,165
206
52,368
At 31 March 2024
9,702
39,295
3,165
206
52,368
At 1 April 2023
2,367
5,304
698
51
8,420
Charge for the year
2,426
6,208
791
51
9,476
At 31 March 2024
4,793
11,512
1,489
102
17,896
At 31 March 2024
4,909
27,783
1,676
104
34,472
At 31 March 2023
7,335
33,991
2,467
155
43,948
Amounts falling due within one year
Trade debtors
3,348
19,481
Accrued income and prepayments
312
722
The Stove Cave Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,256
5,709
Taxes and social security
803
-
Loans from directors
50
10,505
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).