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REGISTERED NUMBER: 05070540 (England and Wales)










Financial Statements

for the Year Ended 31 March 2025

for

National Flues & Fireplaces Ltd
Trading as
Fires in Stone

National Flues & Fireplaces Ltd (Registered number: 05070540)
Trading as Fires in Stone






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


National Flues & Fireplaces Ltd
Trading as Fires in Stone

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr N Compson
Mrs P D Compson
Mrs C Compson





REGISTERED OFFICE: Unit 59C
South Nelson Industrial Estate
Cramlington
Northumberland
NE23 1WF





REGISTERED NUMBER: 05070540 (England and Wales)





ACCOUNTANTS: Paul Connon, FFA, FFTA
Suite 24 Arms Evertyne House
Quay Road
Blyth
Northumberland
NE24 2AS

National Flues & Fireplaces Ltd (Registered number: 05070540)
Trading as Fires in Stone

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 87,954 115,882

CURRENT ASSETS
Stocks 38,464 68,466
Debtors 5 159,794 56,765
Cash at bank and in hand 180,600 144,439
378,858 269,670
CREDITORS
Amounts falling due within one year 6 329,905 239,120
NET CURRENT ASSETS 48,953 30,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,907

146,432

CREDITORS
Amounts falling due after more than one year 7 (34,496 ) (57,203 )

PROVISIONS FOR LIABILITIES 8 (11,277 ) (17,125 )
NET ASSETS 91,134 72,104

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 91,033 72,003
SHAREHOLDERS' FUNDS 91,134 72,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

National Flues & Fireplaces Ltd (Registered number: 05070540)
Trading as Fires in Stone

Balance Sheet - continued
31 March 2025


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

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 19 May 2025 and were signed on its behalf by:





Mr N Compson - Director


National Flues & Fireplaces Ltd (Registered number: 05070540)
Trading as Fires in Stone

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

National Flues & Fireplaces 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.
Plant and machinery etc - 25% on reducing balance and 20% 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.

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 tax
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.

Hire purchase and leasing commitments
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.

National Flues & Fireplaces Ltd (Registered number: 05070540)
Trading as Fires in Stone

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 185,737
Additions 499
At 31 March 2025 186,236
DEPRECIATION
At 1 April 2024 69,855
Charge for year 28,427
At 31 March 2025 98,282
NET BOOK VALUE
At 31 March 2025 87,954
At 31 March 2024 115,882

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 151,052 54,065
Other debtors 8,742 2,700
159,794 56,765

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 6,350 6,350
Hire purchase contracts 18,686 18,686
Trade creditors 234,530 181,736
Taxation and social security 65,028 27,277
Other creditors 5,311 5,071
329,905 239,120

National Flues & Fireplaces Ltd (Registered number: 05070540)
Trading as Fires in Stone

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 5,686 12,085
Hire purchase contracts 28,810 45,118
34,496 57,203

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred Tax 11,277 17,125

Deferred
tax
£   
Balance at 1 April 2024 17,125
Credit to Income Statement during year (5,848 )
Balance at 31 March 2025 11,277