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REGISTERED NUMBER: 09202862 (England and Wales)















Stove Industry Supplies Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






Stove Industry Supplies Limited (Registered number: 09202862)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Stove Industry Supplies Limited

Company Information
for the Year Ended 30 September 2024







Directors: Nigel Hamer
Jacqueline Hamer
Samuel James Hamer





Registered office: 103 - 105 Mowbray Drive
Blackpool
FY3 7UN





Registered number: 09202862 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
Greater Manchester
BL6 7BY

Stove Industry Supplies Limited (Registered number: 09202862)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 139,466 157,627

Current assets
Stocks 499,348 524,166
Debtors 5 140,893 179,232
Cash at bank and in hand 102,929 101,618
743,170 805,016
Creditors
Amounts falling due within one year 6 412,054 434,390
Net current assets 331,116 370,626
Total assets less current liabilities 470,582 528,253

Creditors
Amounts falling due after more than one
year

7

(292,868

)

(298,561

)

Provisions for liabilities 8 (36,941 ) (29,938 )
Net assets 140,773 199,754

Stove Industry Supplies Limited (Registered number: 09202862)

Statement of Financial Position - continued
30 September 2024

2024 2023
Notes £    £    £   
Capital and reserves
Called up share capital 9 200 200
Retained earnings 140,573 199,554
Shareholders' funds 140,773 199,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 28 May 2025 and were signed on its behalf by:





Jacqueline Hamer - Director


Stove Industry Supplies Limited (Registered number: 09202862)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. Statutory information

Stove Industry Supplies 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.

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 represents the total invoice value, excluding value added tax, of sales of fuel efficient stoves and related accessories during the year.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are valued at cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Stove Industry Supplies Limited (Registered number: 09202862)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 19 (2023 - 20 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 October 2023 107,223 31,960 121,803 260,986
Additions 24,871 616 - 25,487
Disposals (5,818 ) (12,582 ) - (18,400 )
At 30 September 2024 126,276 19,994 121,803 268,073
Depreciation
At 1 October 2023 54,474 18,032 30,853 103,359
Charge for year 13,617 5,217 22,739 41,573
Eliminated on disposal (4,700 ) (11,625 ) - (16,325 )
At 30 September 2024 63,391 11,624 53,592 128,607
Net book value
At 30 September 2024 62,885 8,370 68,211 139,466
At 30 September 2023 52,749 13,928 90,950 157,627

Stove Industry Supplies Limited (Registered number: 09202862)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 114,019 138,147
Other debtors 26,874 41,085
140,893 179,232

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 33,914 8,000
Hire purchase contracts 23,848 23,848
Trade creditors 183,983 237,574
Taxation and social security 36,678 25,429
Other creditors 133,631 139,539
412,054 434,390

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 5,334 13,334
Hire purchase contracts 51,198 75,047
Other creditors 236,336 210,180
292,868 298,561

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 36,941 29,938

Deferred
tax
£   
Balance at 1 October 2023 29,938
Provided during year 7,003
Balance at 30 September 2024 36,941

Stove Industry Supplies Limited (Registered number: 09202862)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A shares £1.00 100 100
100 Ordinary B shares £1.00 100 100
200 200