Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30false2023-10-01Forestry00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04596866 2023-10-01 2024-09-30 04596866 2022-10-01 2023-09-30 04596866 2024-09-30 04596866 2023-09-30 04596866 c:Director1 2023-10-01 2024-09-30 04596866 d:PlantMachinery 2023-10-01 2024-09-30 04596866 d:PlantMachinery 2024-09-30 04596866 d:PlantMachinery 2023-09-30 04596866 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04596866 d:CurrentFinancialInstruments 2024-09-30 04596866 d:CurrentFinancialInstruments 2023-09-30 04596866 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04596866 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04596866 d:ShareCapital 2024-09-30 04596866 d:ShareCapital 2023-09-30 04596866 d:RetainedEarningsAccumulatedLosses 2024-09-30 04596866 d:RetainedEarningsAccumulatedLosses 2023-09-30 04596866 c:FRS102 2023-10-01 2024-09-30 04596866 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04596866 c:FullAccounts 2023-10-01 2024-09-30 04596866 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04596866 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 04596866









FLAMSTONE LOGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
FLAMSTONE LOGS LIMITED
REGISTERED NUMBER: 04596866

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
651
868

  
651
868

Current assets
  

Stocks
 5 
27,378
26,602

Debtors: amounts falling due within one year
 6 
1,965
3,146

Cash at bank and in hand
 7 
1,669
6,132

  
31,012
35,880

Creditors: amounts falling due within one year
 8 
(29,233)
(36,343)

Net current assets/(liabilities)
  
 
 
1,779
 
 
(463)

Total assets less current liabilities
  
2,430
405

  

Net assets
  
2,430
405


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,330
305

  
2,430
405

Page 1

 
FLAMSTONE LOGS LIMITED
REGISTERED NUMBER: 04596866
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2025.





................................................
John Thorne
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
FLAMSTONE LOGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The principal activity of the Company throughout the year was that of forestry. The Company was incorporated in England and Wales, and is a private company limited by share capital. 

2.Accounting policies

 
2.1

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
FLAMSTONE LOGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Page 4

 
FLAMSTONE LOGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.




3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 October 2023
1,157



At 30 September 2024

1,157



Depreciation


At 1 October 2023
289


Charge for the year on owned assets
217



At 30 September 2024

506



Net book value



At 30 September 2024
651



At 30 September 2023
868

Page 5

 
FLAMSTONE LOGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Stocks

2024
2023
£
£

 Goods for resale
27,378
26,602

27,378
26,602



6.


Debtors

2024
2023
£
£


Trade debtors
1,965
3,146

1,965
3,146



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,669
6,132

1,669
6,132



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
526
1,042

Other creditors
27,573
34,244

Accruals and deferred income
1,134
1,057

29,233
36,343



9.


Controlling party

The Company is controlled by the director, John Thorne, by virtue of his shareholding, as described in the director's report.

 
Page 6