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REGISTERED NUMBER: 08975248 (England and Wales)



Unaudited Financial Statements

for the Year Ended 31st August 2024

for

Glossop Firewood and Fuel Suppliers Ltd

Glossop Firewood and Fuel Suppliers Ltd (Registered number: 08975248)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Glossop Firewood and Fuel Suppliers Ltd

Company Information
for the Year Ended 31st August 2024







DIRECTORS: J Constantine
Mrs H Jones





SECRETARY: J Constantine





REGISTERED OFFICE: 6 Manchester Road
Buxton
Derbyshire
SK17 6SB





REGISTERED NUMBER: 08975248 (England and Wales)





ACCOUNTANTS: Laytons
Chartered Accountants
6 Manchester Road
Buxton
Derbyshire
SK17 6SB

Glossop Firewood and Fuel Suppliers Ltd (Registered number: 08975248)

Abridged Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 82,931 60,886

CURRENT ASSETS
Stocks 66,500 43,400
Debtors 39,770 16,176
Cash at bank and in hand 58,066 73,245
164,336 132,821
CREDITORS
Amounts falling due within one year 70,846 56,662
NET CURRENT ASSETS 93,490 76,159
TOTAL ASSETS LESS CURRENT LIABILITIES 176,421 137,045

CREDITORS
Amounts falling due after more than one year 65,738 67,134
NET ASSETS 110,683 69,911

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 110,583 69,811
SHAREHOLDERS' FUNDS 110,683 69,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14th May 2025 and were signed on its behalf by:



J Constantine - Director


Glossop Firewood and Fuel Suppliers Ltd (Registered number: 08975248)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Glossop Firewood and Fuel Suppliers Ltd is a private company, limited by shares , registered in England and Wales. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 ) .

Glossop Firewood and Fuel Suppliers Ltd (Registered number: 08975248)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st September 2023 112,691
Additions 45,995
Disposals (27,745 )
At 31st August 2024 130,941
DEPRECIATION
At 1st September 2023 51,805
Charge for year 12,741
Eliminated on disposal (16,536 )
At 31st August 2024 48,010
NET BOOK VALUE
At 31st August 2024 82,931
At 31st August 2023 60,886

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st September 2023
and 31st August 2024 35,106
DEPRECIATION
At 1st September 2023 19,998
Charge for year 4,807
At 31st August 2024 24,805
NET BOOK VALUE
At 31st August 2024 10,301
At 31st August 2023 15,108

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year ended 31st August 2024, the company owed the director J Constantine £345 (2023: £1,257). At the year ended 31st August 2024, the company owed the director H Jones £19,753 (2023: £12,465).This loan is interest free and repayable on demand.