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
Non Fumo Flue Systems Limited
Company Information
for the year ended 31 July 2024
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
Non Fumo Flue Systems Limited
Statement of financial position
as at 31 July 2024
Tangible assets
954,796
955,829
Inventories
185,000
210,000
Cash at bank and in hand
94,099
282,160
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
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
Non Fumo Flue Systems Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts are presented in £ sterling.
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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 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.
Non Fumo Flue Systems Limited
Notes to the Accounts
for the year ended 31 July 2024
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
At 31 July 2024
950,000
4,500
24,110
46,253
25,314
1,050,177
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
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
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
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
95,166
156,039
Taxes and social security
8,372
29,383
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
Non Fumo Flue Systems Limited
Notes to the Accounts
for the year ended 31 July 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
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).