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REGISTERED NUMBER: NI057068 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Flames & Fireplaces Limited

Flames & Fireplaces Limited (Registered number: NI057068)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flames & Fireplaces Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs M Doyle
P Doyle





SECRETARY: Mrs M Doyle





REGISTERED OFFICE: Unit 3 Banbridge Bus Centre
62 Scarva Road
Banbridge
Down
BT32 3QD





REGISTERED NUMBER: NI057068 (Northern Ireland)





ACCOUNTANTS: ASC Wylie UBU Ltd
Qualified Accountants, Tax & Business Advisors
7 Lisburn Street
Royal Hillsborough
Co. Down
BT26 6AB

Flames & Fireplaces Limited (Registered number: NI057068)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,626 19,340
Investment property 5 101,215 101,215
139,841 120,555

CURRENT ASSETS
Stocks 221,828 230,575
Debtors 6 41,885 47,041
Cash at bank 503,081 440,849
766,794 718,465
CREDITORS
Amounts falling due within one year 7 185,328 225,019
NET CURRENT ASSETS 581,466 493,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,307

614,001

CREDITORS
Amounts falling due after more than one
year

8

(33,545

)

-

PROVISIONS FOR LIABILITIES (7,374 ) (2,051 )
NET ASSETS 680,388 611,950

Flames & Fireplaces Limited (Registered number: NI057068)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 680,385 611,947
680,388 611,950

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mrs M Doyle - Director


Flames & Fireplaces Limited (Registered number: NI057068)

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

1. STATUTORY INFORMATION

Flames & Fireplaces Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Income Statement, 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.

Flames & Fireplaces Limited (Registered number: NI057068)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 8,977 48,142 57,119
Additions - 33,333 33,333
At 30 June 2024 8,977 81,475 90,452
DEPRECIATION
At 1 July 2023 8,977 28,802 37,779
Charge for year - 14,047 14,047
At 30 June 2024 8,977 42,849 51,826
NET BOOK VALUE
At 30 June 2024 - 38,626 38,626
At 30 June 2023 - 19,340 19,340

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 101,215
NET BOOK VALUE
At 30 June 2024 101,215
At 30 June 2023 101,215

Flames & Fireplaces Limited (Registered number: NI057068)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,144 45,475
Other debtors 3,741 1,566
41,885 47,041

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 103,551 94,037
Taxation and social security 22,645 33,656
Other creditors 59,132 97,326
185,328 225,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 33,545 -