Focus Stoves Limited 03331415 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the sale and installation of stoves and the manufacture of chimneys. Digita Accounts Production Advanced 6.30.9574.0 true 03331415 2024-04-01 2025-03-31 03331415 2025-03-31 03331415 core:CurrentFinancialInstruments 2025-03-31 03331415 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 03331415 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 03331415 core:MotorVehicles 2025-03-31 03331415 core:OfficeEquipment 2025-03-31 03331415 core:PlantMachinery 2025-03-31 03331415 bus:SmallEntities 2024-04-01 2025-03-31 03331415 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03331415 bus:FilletedAccounts 2024-04-01 2025-03-31 03331415 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03331415 bus:RegisteredOffice 2024-04-01 2025-03-31 03331415 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 03331415 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03331415 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03331415 core:MotorVehicles 2024-04-01 2025-03-31 03331415 core:OfficeEquipment 2024-04-01 2025-03-31 03331415 core:PlantMachinery 2024-04-01 2025-03-31 03331415 countries:EnglandWales 2024-04-01 2025-03-31 03331415 2024-03-31 03331415 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 03331415 core:MotorVehicles 2024-03-31 03331415 core:OfficeEquipment 2024-03-31 03331415 core:PlantMachinery 2024-03-31 03331415 2023-04-01 2024-03-31 03331415 2024-03-31 03331415 core:CurrentFinancialInstruments 2024-03-31 03331415 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03331415 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 03331415 core:MotorVehicles 2024-03-31 03331415 core:OfficeEquipment 2024-03-31 03331415 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 03331415

Focus Stoves Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Focus Stoves Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Focus Stoves Limited

(Registration number: 03331415)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

37,502

38,965

Current assets

 

Stocks

5

274,443

325,545

Debtors

6

51,476

89,891

Cash at bank and in hand

 

28,319

64,748

 

354,238

480,184

Creditors: Amounts falling due within one year

7

(131,345)

(201,125)

Net current assets

 

222,893

279,059

Net assets

 

260,395

318,024

Capital and reserves

 

Called up share capital

1,100

1,100

Retained earnings

259,295

316,924

Shareholders' funds

 

260,395

318,024

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 July 2025 and signed on its behalf by:
 

.........................................
R C Newson
Company secretary and director

 

Focus Stoves Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

The principal place of business is:
Unit A
Station Approach
Four Marks
Alton
Hants
GU34 5HN
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale and installation of stoves and the manufacture of chimneys. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Focus Stoves Limited

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

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Office equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

 

Focus Stoves Limited

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

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

33,109

23,122

7,986

14,526

78,743

At 31 March 2025

33,109

23,122

7,986

14,526

78,743

Depreciation

At 1 April 2024

-

21,324

4,359

14,095

39,778

Charge for the year

-

449

906

108

1,463

At 31 March 2025

-

21,773

5,265

14,203

41,241

Carrying amount

At 31 March 2025

33,109

1,349

2,721

323

37,502

At 31 March 2024

33,109

1,798

3,627

431

38,965

 

Focus Stoves Limited

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

5

Stocks

2025
£

2024
£

Other inventories

274,443

325,545

6

Debtors

Current

2025
£

2024
£

Trade debtors

42,372

61,586

Prepayments

5,810

25,011

Other debtors

3,294

3,294

 

51,476

89,891

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

56,010

156,291

Taxation and social security

17,904

20,749

Other creditors

57,431

24,085

131,345

201,125