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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
Page
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The Fireplace (Lichfield) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,274 
5,795 
Current assets
Inventories
16,537 
47,195 
Debtors
681 
- 
Cash at bank and in hand
71 
22,410 
17,289 
69,605 
Creditors: amounts falling due within one year
(43,650)
(73,966)
Net current liabilities
(26,361)
(4,361)
Net assets
913 
1,434 
Capital and reserves
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
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The Fireplace (Lichfield) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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.
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
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.
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.
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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 
Depreciation
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 
Net book value
At 31 March 2024
- 
- 
26,707 
567 
27,274 
At 31 March 2023
- 
102 
5,026 
667 
5,795 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
681 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,641 
3,496 
Trade creditors
21,322 
53,772 
Taxes and social security
16,687 
16,698 
43,650 
73,966 
7
Share capital
2024 
2023 
£ 
£ 
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).
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