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Company Registration No. 01894853 (England and Wales)
Non Fumo Flue Systems Limited Unaudited accounts for the year ended 31 July 2024
Non Fumo Flue Systems Limited Unaudited accounts Contents
Page
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Non Fumo Flue Systems Limited Company Information for the year ended 31 July 2024
Director
Neil Willis
Company Number
01894853 (England and Wales)
Registered Office
Carousel House Wycombe Road Stokenchurch High Wycombe HP14 3RP
Accountants
Blue Cube Accountants Limited 7 High Street Windsor SL4 1LD
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Non Fumo Flue Systems Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
954,796 
955,829 
Current assets
Inventories
185,000 
210,000 
Debtors
85,979 
101,471 
Cash at bank and in hand
94,099 
282,160 
365,078 
593,631 
Creditors: amounts falling due within one year
(109,454)
(193,856)
Net current assets
255,624 
399,775 
Total assets less current liabilities
1,210,420 
1,355,604 
Provisions for liabilities
Deferred tax
(100,820)
(99,722)
Net assets
1,109,600 
1,255,882 
Capital and reserves
Called up share capital
4,353 
5,130 
Revaluation reserve
336,099 
336,099 
Profit and loss account
769,148 
914,653 
Shareholders' funds
1,109,600 
1,255,882 
For the year ending 31 July 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 23 April 2025 and were signed on its behalf by
Neil Willis Director Company Registration No. 01894853
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Non Fumo Flue Systems Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Non Fumo Flue Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 01894853. The registered office is Carousel House Wycombe Road, Stokenchurch , High Wycombe, HP14 3RP.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
Presentation currency
The accounts are presented in £ sterling.
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 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
periodic revaluation to fair value
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories
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 taxation
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.
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Non Fumo Flue Systems Limited Notes to the Accounts for the year ended 31 July 2024
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
3
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
950,000 
4,500 
24,110 
46,253 
24,748 
1,049,611 
Additions
- 
- 
- 
- 
566 
566 
At 31 July 2024
950,000 
4,500 
24,110 
46,253 
25,314 
1,050,177 
Depreciation
At 1 August 2023
- 
4,500 
23,479 
42,930 
22,873 
93,782 
Charge for the year
- 
- 
158 
831 
610 
1,599 
At 31 July 2024
- 
4,500 
23,637 
43,761 
23,483 
95,381 
Net book value
At 31 July 2024
950,000 
- 
473 
2,492 
1,831 
954,796 
At 31 July 2023
950,000 
- 
631 
3,323 
1,875 
955,829 
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
48,015 
56,970 
Accrued income and prepayments
689 
1,221 
Other debtors
37,275 
43,280 
85,979 
101,471 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,416 
4,034 
Trade creditors
95,166 
156,039 
Taxes and social security
8,372 
29,383 
Accruals
3,500 
4,400 
109,454 
193,856 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4,323 Ordinary shares of £1 each
4,323 
5,100 
30 Ordinary B shares of £1 each
30 
30 
4,353 
5,130 
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Non Fumo Flue Systems Limited Notes to the Accounts for the year ended 31 July 2024
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Neil Willis
Loan to Director
27,262 
555 
4,800 
23,017 
27,262 
555 
4,800 
23,017 
The loan to the director is fully repayable, and interest was charged at 2.25%.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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