Company Registration No. 06292434 (England and Wales)
The Fireplace (Lichfield) Limited
Unaudited accounts
for the year ended 31 March 2024
The Fireplace (Lichfield) Limited
Unaudited accounts
Contents
The Fireplace (Lichfield) Limited
Statement of financial position
as at 31 March 2024
Tangible assets
27,274
5,795
Cash at bank and in hand
71
22,410
Creditors: amounts falling due within one year
(43,650)
(73,966)
Net current liabilities
(26,361)
(4,361)
Called up share capital
100
100
Profit and loss account
813
1,334
Shareholders' funds
913
1,434
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 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 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 and authorised for issue on 18 February 2025 and were signed on its behalf by
Mr R Bailey
Director
Company Registration No. 06292434
The Fireplace (Lichfield) Limited
Notes to the Accounts
for the year ended 31 March 2024
The Fireplace (Lichfield) Limited is a private company, limited by shares, registered in England and Wales, registration number 06292434. The registered office is 5 Stafford Road, Lichfield, Staffordshire, WS13 7BZ.
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.
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:
Land & buildings
Over the term of the lease - 10 years
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
25% reducing balance
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.
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.
The Fireplace (Lichfield) Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
67,996
3,039
20,891
5,489
97,415
Additions
-
-
25,250
-
25,250
At 31 March 2024
67,996
3,039
46,141
5,489
122,665
At 1 April 2023
67,996
2,937
15,865
4,822
91,620
Charge for the year
-
102
3,569
100
3,771
At 31 March 2024
67,996
3,039
19,434
4,922
95,391
At 31 March 2024
-
-
26,707
567
27,274
At 31 March 2023
-
102
5,026
667
5,795
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
21,322
53,772
Taxes and social security
16,687
16,698
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).