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REGISTERED NUMBER: 11828897 (England and Wales)










Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Stoves & Fireplaces Ltd

Stoves & Fireplaces Ltd (Registered number: 11828897)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stoves & Fireplaces Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTOR: C J Davess





REGISTERED OFFICE: 393 Selsdon Road
South Croydon
Surrey
CR2 7AW





REGISTERED NUMBER: 11828897 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Stoves & Fireplaces Ltd (Registered number: 11828897)

Balance Sheet
28 February 2025

2025 2024
Notes £    £   
Fixed assets
Tangible assets 4 582 1,018

Current assets
Stocks 20,373 20,373
Debtors 5 3,616 14,770
Cash at bank 74 1,723
24,063 36,866
Creditors
Amounts falling due within one year 6 (14,238 ) (14,510 )
Net current assets 9,825 22,356
Total assets less current liabilities 10,407 23,374

Creditors
Amounts falling due after more than one year 7 (1,250 ) (6,250 )

Provisions for liabilities 8 (111 ) (194 )
Net assets 9,046 16,930

Capital and reserves
Called up share capital 2 2
Retained earnings 9 9,044 16,928
9,046 16,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Stoves & Fireplaces Ltd (Registered number: 11828897)

Balance Sheet - continued
28 February 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 director and authorised for issue on 29 July 2025 and were signed by:





C J Davess - Director


Stoves & Fireplaces Ltd (Registered number: 11828897)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Stoves & 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.

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


The Principle activity of the company is that of supply fireplaces and stoves, flue liner in specialised stores.

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures & fittings 25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.


Stoves & Fireplaces Ltd (Registered number: 11828897)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued
TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Stoves & Fireplaces Ltd (Registered number: 11828897)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 2,879
Disposals (449 )
At 28 February 2025 2,430
DEPRECIATION
At 1 March 2024 1,861
Charge for year 194
Eliminated on disposal (207 )
At 28 February 2025 1,848
NET BOOK VALUE
At 28 February 2025 582
At 29 February 2024 1,018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,750 8,608
Other debtors 1,866 6,162
3,616 14,770

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,686 5,000
Trade creditors 1,975 528
Taxation and social security 486 3,479
Other creditors 1,091 5,503
14,238 14,510

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 1,250 6,250

Stoves & Fireplaces Ltd (Registered number: 11828897)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The directors consider the carrying amounts of non current liabilities approximate to their fair values.

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 111 194

Deferred
tax
£   
Balance at 1 March 2024 194
Provided during year (83 )
Balance at 28 February 2025 111

9. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
C J Davess
Balance outstanding at start of year 4,426 5,185
Amounts advanced 17,607 16,560
Amounts repaid (23,124 ) (17,319 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,091 ) 4,426

G Santacroce
Balance outstanding at start of year (5,103 ) (6,049 )
Amounts advanced 21,381 17,140
Amounts repaid (16,278 ) (16,194 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (5,103 )

Stoves & Fireplaces Ltd (Registered number: 11828897)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

11. RELATED PARTY DISCLOSURES

At the balance sheet date included in other creditors were amounts due to the directors of £1,091 (2024 - £677). This loan is interest free and repayable on demand.