Acorah Software Products - Accounts Production 16.1.300 false true 29 December 2022 30 December 2021 false 30 December 2022 29 December 2023 29 December 2023 05771228 Mr M J Mollet true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05771228 2022-12-29 05771228 2023-12-29 05771228 2022-12-30 2023-12-29 05771228 frs-core:CurrentFinancialInstruments 2023-12-29 05771228 frs-core:Non-currentFinancialInstruments 2023-12-29 05771228 frs-core:FurnitureFittings 2023-12-29 05771228 frs-core:FurnitureFittings 2022-12-30 2023-12-29 05771228 frs-core:FurnitureFittings 2022-12-29 05771228 frs-core:MotorVehicles 2023-12-29 05771228 frs-core:MotorVehicles 2022-12-30 2023-12-29 05771228 frs-core:MotorVehicles 2022-12-29 05771228 frs-core:OtherResidualIntangibleAssets 2023-12-29 05771228 frs-core:OtherResidualIntangibleAssets 2022-12-29 05771228 frs-core:PlantMachinery 2023-12-29 05771228 frs-core:PlantMachinery 2022-12-30 2023-12-29 05771228 frs-core:PlantMachinery 2022-12-29 05771228 frs-core:ShareCapital 2023-12-29 05771228 frs-core:RetainedEarningsAccumulatedLosses 2023-12-29 05771228 frs-bus:PrivateLimitedCompanyLtd 2022-12-30 2023-12-29 05771228 frs-bus:FilletedAccounts 2022-12-30 2023-12-29 05771228 frs-bus:SmallEntities 2022-12-30 2023-12-29 05771228 frs-bus:AuditExempt-NoAccountantsReport 2022-12-30 2023-12-29 05771228 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-30 2023-12-29 05771228 1 2022-12-30 2023-12-29 05771228 frs-bus:Director1 2022-12-30 2023-12-29 05771228 frs-countries:EnglandWales 2022-12-30 2023-12-29 05771228 2021-12-29 05771228 2022-12-29 05771228 2021-12-30 2022-12-29 05771228 frs-core:CurrentFinancialInstruments 2022-12-29 05771228 frs-core:Non-currentFinancialInstruments 2022-12-29 05771228 frs-core:ShareCapital 2022-12-29 05771228 frs-core:RetainedEarningsAccumulatedLosses 2022-12-29
Registered number: 05771228
Firebelly Stoves Limited
Unaudited Financial Statements
For The Year Ended 29 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05771228
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,879 2,504
1,879 2,504
CURRENT ASSETS
Stocks 6 16,500 16,500
Debtors 7 382,319 313,147
Cash at bank and in hand 174 3,135
398,993 332,782
Creditors: Amounts Falling Due Within One Year 8 (354,495 ) (300,406 )
NET CURRENT ASSETS (LIABILITIES) 44,498 32,376
TOTAL ASSETS LESS CURRENT LIABILITIES 46,377 34,880
Creditors: Amounts Falling Due After More Than One Year 9 (43,504 ) (29,716 )
NET ASSETS 2,873 5,164
CAPITAL AND RESERVES
Called up share capital 10 400 400
Profit and Loss Account 2,473 4,764
SHAREHOLDERS' FUNDS 2,873 5,164
Page 1
Page 2
For the year ending 29 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M J Mollet
Director
29th January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Firebelly Stoves Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05771228 . The registered office is Unit B, Marshall Mills, Elland, West Yorkshire, HX5 9DU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
2.4. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 8)
8 8
4. Intangible Assets
Other
£
Cost
As at 30 December 2022 41,319
As at 29 December 2023 41,319
Amortisation
As at 30 December 2022 41,319
As at 29 December 2023 41,319
Net Book Value
As at 29 December 2023 -
As at 30 December 2022 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 30 December 2022 53,669 15,573 364 69,606
As at 29 December 2023 53,669 15,573 364 69,606
Depreciation
As at 30 December 2022 51,977 14,915 210 67,102
Provided during the period 423 164 38 625
As at 29 December 2023 52,400 15,079 248 67,727
Net Book Value
As at 29 December 2023 1,269 494 116 1,879
As at 30 December 2022 1,692 658 154 2,504
6. Stocks
2023 2022
£ £
Stock 16,500 16,500
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 382,319 313,147
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 29,638 42,388
Bank loans and overdrafts 68,086 82,056
Amounts owed to participating interests 40,221 18,180
Other creditors 9,082 8,707
Taxation and social security 207,468 149,075
354,495 300,406
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Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans due after 1 year 43,504 29,716
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 400 400
11. Ultimate Controlling Party
The company was controlled throughout the year by the director and his immediate family who own 100% of the issued share capital.
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