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REGISTERED NUMBER: 03983362 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Shropshire Stove And Chimney Centre
Limited

Shropshire Stove And Chimney Centre
Limited (Registered number: 03983362)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Shropshire Stove And Chimney Centre
Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: A J Fullerton



SECRETARY: Mrs D C Fullerton



REGISTERED OFFICE: Unit 84
Condover Industrial Estate
Dorrington
Shrewsbury
Shropshire
SY5 7NH



REGISTERED NUMBER: 03983362 (England and Wales)



ACCOUNTANTS: Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST



BANKERS: Natwest PLC
Shrewsbury Branch
8 Mardol Head
Shrewsbury
Shropshire
SY1 1HE

Shropshire Stove And Chimney Centre
Limited (Registered number: 03983362)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,927 33,503
27,927 33,503

CURRENT ASSETS
Stocks 192,652 197,361
Debtors 6 53,052 67,939
Cash at bank 20,797 -
266,501 265,300
CREDITORS
Amounts falling due within one year 7 211,656 254,669
NET CURRENT ASSETS 54,845 10,631
TOTAL ASSETS LESS CURRENT LIABILITIES 82,772 44,134

CREDITORS
Amounts falling due after more than one
year

8

(75,696

)

(37,077

)

PROVISIONS FOR LIABILITIES 11 (5,429 ) (6,366 )
NET ASSETS 1,647 691

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 1,547 591
SHAREHOLDERS' FUNDS 1,647 691

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Shropshire Stove And Chimney Centre
Limited (Registered number: 03983362)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 31 January 2025 and were signed by:





A J Fullerton - Director


Shropshire Stove And Chimney Centre
Limited (Registered number: 03983362)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Shropshire Stove And Chimney Centre Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Shropshire Stove And Chimney Centre
Limited (Registered number: 03983362)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023
and 30 April 2024 10,000
AMORTISATION
At 1 May 2023
and 30 April 2024 10,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 May 2023 7,840 127,153 134,993
Additions - 2,578 2,578
At 30 April 2024 7,840 129,731 137,571
DEPRECIATION
At 1 May 2023 7,837 93,653 101,490
Charge for year - 8,154 8,154
At 30 April 2024 7,837 101,807 109,644
NET BOOK VALUE
At 30 April 2024 3 27,924 27,927
At 30 April 2023 3 33,500 33,503

Shropshire Stove And Chimney Centre
Limited (Registered number: 03983362)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Trade debtors 13,082 15,235
Other debtors 39,970 52,704
53,052 67,939

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Bank loans and overdrafts 9,726 17,395
Hire purchase contracts (see note 9) 5,667 5,667
Trade creditors 73,581 141,462
Taxation and social security 49,137 36,311
Other creditors 73,545 53,834
211,656 254,669

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£ £
Bank loans 17,137 21,750
Hire purchase contracts (see note 9) 8,501 14,169
Other creditors 50,058 1,158
75,696 37,077

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£ £
Net obligations repayable:
Within one year 5,667 5,667
Between one and five years 8,501 14,169
14,168 19,836

Non-cancellable
operating leases
30.4.24 30.4.23
£ £
Within one year - 13,571

Shropshire Stove And Chimney Centre
Limited (Registered number: 03983362)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£ £
Bank overdraft - 7,669
Bank loans 26,863 31,476
Other loans 71,737 21,334
Hire purchase contracts 14,168 19,836
112,768 80,315

Bank loans are provided under the Coronavirus Bounceback Loan Scheme and are secured by HM Government under the terms of that scheme,

Other loans includes an advance from Black Country Reinvestment Society Limited secured by a fixed and floating charge dated 29 April 2015 over all the assets of the company and by personal guarantees given by the director.

Hire purchase contracts are secured on the asset to which they relate.

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£ £
Deferred tax
Accelerated capital allowances 5,429 6,366

Deferred tax
£
Balance at 1 May 2023 6,366
Credit to Statement of Income and Retained Earnings during year (937 )
Balance at 30 April 2024 5,429

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £ £
100 Ordinary £1 100 100

Shropshire Stove And Chimney Centre
Limited (Registered number: 03983362)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£ £
A J Fullerton
Balance outstanding at start of year 42,350 19,128
Amounts advanced - 23,222
Amounts repaid (21,709 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,641 42,350

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Shropshire Stove And Chimney Centre
Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Shropshire Stove And Chimney Centre Limited for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, 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 director of Shropshire Stove And Chimney Centre Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shropshire Stove And Chimney Centre Limited and state those matters that we have agreed to state to the director of Shropshire Stove And Chimney Centre Limited 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 Shropshire Stove And Chimney Centre Limited and its director for our work or for this report.

It is your duty to ensure that Shropshire Stove And Chimney Centre Limited 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 profit of Shropshire Stove And Chimney Centre Limited. You consider that Shropshire Stove And Chimney Centre Limited 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 Shropshire Stove And Chimney Centre Limited. 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.






Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST


31 January 2025