Company registration number 04447681 (England and Wales)
THE FIREPLACE WAREHOUSE (BOLTON) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
THE FIREPLACE WAREHOUSE (BOLTON) LIMITED
COMPANY INFORMATION
Directors
A Mason
M Townsend
Secretary
A Mason
Company number
04447681
Registered office
215-233 Accrington Road
Burnley
Lancashire
BB11 5ES
Accountants
Pierce C A Limited
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
Business address
115 Chorley Old Road
Bolton
Lancashire
BB11 5ES
Bankers
Natwest Bank Plc
2 Howe Walk
Burnley
Lancashire
BB11 1TR
THE FIREPLACE WAREHOUSE (BOLTON) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THE FIREPLACE WAREHOUSE (BOLTON) LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
182,794
180,983
Cash at bank and in hand
19,144
9,257
201,938
190,240
Creditors: amounts falling due within one year
5
(62,717)
(65,099)
Net current assets
139,221
125,141
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
139,220
125,140
Total equity
139,221
125,141

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 January 2025 and are signed on its behalf by:
M Townsend
Director
Company registration number 04447681 (England and Wales)
THE FIREPLACE WAREHOUSE (BOLTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

The Fireplace Warehouse (Bolton) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 215-233 Accrington Road, Burnley, Lancashire, BB11 5ES.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.true

1.3
Turnover
Turnover represents amounts receivable for goods and services provided net of VAT and trade discounts.
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation was provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold property improvements
10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

THE FIREPLACE WAREHOUSE (BOLTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 3 -
1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
3
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2023 and 31 July 2024
20,272
Depreciation and impairment
At 1 August 2023 and 31 July 2024
20,272
Carrying amount
At 31 July 2024
-
0
At 31 July 2023
-
0
THE FIREPLACE WAREHOUSE (BOLTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
126,000
126,000
Other debtors
54,000
54,000
Prepayments and accrued income
2,794
983
182,794
180,983
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
32,221
34,933
Taxation and social security
16,619
16,638
Other creditors
13,877
13,528
62,717
65,099
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
7
Financial commitments, guarantees and contingent liabilities

As security for the bank borrowings of fellow group companies, the company has provided a cross guarantee to National Westminster Bank plc. At the balance sheet date there was no potential liability in respect of this guarantee (2023 - £nil).

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