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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
Page
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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
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The Stove Cave Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,000 
8,000 
Tangible assets
34,472 
43,948 
40,472 
51,948 
Current assets
Inventories
7,500 
30,000 
Debtors
6,160 
20,203 
Cash at bank and in hand
20,320 
19,301 
33,980 
69,504 
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)
Net assets
30,368 
39,534 
Capital and reserves
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
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The Stove Cave Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
Plant & machinery
25% Cost
Motor vehicles
20% WDV
Fixtures & fittings
25% Cost
Computer equipment
25% Cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Deferred taxation
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.
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The Stove Cave Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
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 
£ 
Cost
At 1 April 2023
10,000 
At 31 March 2024
10,000 
Amortisation
At 1 April 2023
2,000 
Charge for the year
2,000 
At 31 March 2024
4,000 
Net book value
At 31 March 2024
6,000 
At 31 March 2023
8,000 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,348 
19,481 
Accrued income and prepayments
312 
722 
Other debtors
2,500 
- 
6,160 
20,203 
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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 
VAT
7,898 
13,635 
Trade creditors
- 
21,008 
Taxes and social security
803 
- 
Loans from directors
50 
10,505 
Accruals
231 
- 
15,238 
50,857 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,533 
22,711 
9
Share capital
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).
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