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DERBY FIRES LIMITED
TRADING AS
FIRE AND FIREPLACES

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






DERBY FIRES LIMITED (REGISTERED NUMBER: 04640506)
TRADING AS FIRE AND FIREPLACES

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DERBY FIRES LIMITED
TRADING AS FIRE AND FIREPLACES

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: V L Stewart
T C Stewart
S A Stewart
D R Stewart





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 04640506 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

DERBY FIRES LIMITED (REGISTERED NUMBER: 04640506)
TRADING AS FIRE AND FIREPLACES

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,539 4,810

CURRENT ASSETS
Stocks 29,800 30,700
Debtors 5 229,189 197,671
Cash at bank and in hand 17,180 80,304
276,169 308,675
CREDITORS
Amounts falling due within one year 6 113,617 125,720
NET CURRENT ASSETS 162,552 182,955
TOTAL ASSETS LESS CURRENT LIABILITIES 165,091 187,765

CREDITORS
Amounts falling due after more than one
year

7

(30,290

)

(13,954

)

PROVISIONS FOR LIABILITIES 9 - (1,200 )
NET ASSETS 134,801 172,611

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 133,801 171,611
SHAREHOLDERS' FUNDS 134,801 172,611

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

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

DERBY FIRES LIMITED (REGISTERED NUMBER: 04640506)
TRADING AS FIRE AND FIREPLACES

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





T C Stewart - Director


DERBY FIRES LIMITED (REGISTERED NUMBER: 04640506)
TRADING AS FIRE AND FIREPLACES

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Derby Fires Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost
Computer equipment - 15% on cost

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 Statement of Income and Retained Earnings, 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.

DERBY FIRES LIMITED (REGISTERED NUMBER: 04640506)
TRADING AS FIRE AND FIREPLACES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 7,303 13,750 8,414 29,467
Disposals (1,864 ) - (6,017 ) (7,881 )
At 31 January 2025 5,439 13,750 2,397 21,586
DEPRECIATION
At 1 February 2024 4,790 12,890 6,977 24,657
Charge for year 980 860 430 2,270
Eliminated on disposal (1,863 ) - (6,017 ) (7,880 )
At 31 January 2025 3,907 13,750 1,390 19,047
NET BOOK VALUE
At 31 January 2025 1,532 - 1,007 2,539
At 31 January 2024 2,513 860 1,437 4,810

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 48,471 63,766
Other debtors 180,718 133,905
229,189 197,671

DERBY FIRES LIMITED (REGISTERED NUMBER: 04640506)
TRADING AS FIRE AND FIREPLACES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 15,818 10,162
Trade creditors 23,306 33,904
Taxation and social security 19,632 36,685
Other creditors 54,861 44,969
113,617 125,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 30,290 13,954

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 34,800 34,800
Between one and five years 69,600 104,400
104,400 139,200

9. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax 1,200

Deferred
tax
£   
Balance at 1 February 2024 1,200
Provided during year (3,100 )
Balance at 31 January 2025 (1,900 )

DERBY FIRES LIMITED (REGISTERED NUMBER: 04640506)
TRADING AS FIRE AND FIREPLACES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
250 Ordinary A £1 250 250
250 Ordinary B £1 250 250
250 Ordinary C £1 250 250
250 Ordinary D £1 250 250
1,000 1,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to the directors of £112,263 (2024: £82,139)

The company received repayments during the year of £153,519 (2024: £124,1411)

The closing balance for overdrawn directors loans as at the year end is £9,361 (2024: £50,618)

Overdrawn Directors loans are repayable on demand and charged interest at 2.25%.