M W Forsyth Fireplaces Limited 31/05/2025 iXBRL

Company registration number: 04713964

M W Forsyth Fireplaces Limited

Unaudited filleted financial statements

31 May 2025

M W Forsyth Fireplaces Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

M W Forsyth Fireplaces Limited

Directors and other information


	Directors	Mr M W Forsyth
		Mrs A Forsyth


	Secretary	M W Forsyth


	Company number	04713964


	Registered office	Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE

M W Forsyth Fireplaces Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of M W Forsyth Fireplaces Limited

Year ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M W Forsyth Fireplaces Limited for the year ended 31 May 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of M W Forsyth Fireplaces Limited, as a body, in accordance with the terms of our engagement letter dated 16 January 2025. Our work has been undertaken solely to prepare for your approval the financial statements of M W Forsyth Fireplaces Limited and state those matters that we have agreed to state to the board of directors of M W Forsyth Fireplaces Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M W Forsyth Fireplaces Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that M W Forsyth Fireplaces Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of M W Forsyth Fireplaces Limited. You consider that M W Forsyth Fireplaces Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M W Forsyth Fireplaces Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

AL5 4EE

15 September 2025

M W Forsyth Fireplaces Limited

Statement of financial position

31 May 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	-		1,848
		_______		_______
			-		1,848

Current assets
Stocks		-		4,500
Debtors	6	1,250		2,027
Cash at bank and in hand		2,935		15,670
		_______		_______
		4,185		22,197
Creditors: amounts falling due
within one year	7	( 13,627)		( 27,316)
		_______		_______
Net current liabilities			( 9,442)		( 5,119)
			_______		_______
Total assets less current liabilities			( 9,442)		( 3,271)


Provisions for liabilities			-		( 360)

			_______		_______
Net liabilities			( 9,442)		( 3,631)
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			( 9,542)		( 3,731)
			_______		_______
Shareholders deficit			( 9,442)		( 3,631)
			_______		_______

For the year ending 31 May 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 financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

Mr M W Forsyth

Director

Company registration number: 04713964

M W Forsyth Fireplaces Limited

Notes to the financial statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company ceased trading on 31 May 2025 and the accounts have been prepared on that basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

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

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance
Computer equipment	-	straight line over 3 years

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost
At 1 June 2024	3,303	9,351	1,606	14,260
Disposals	( 3,303)	( 9,351)	( 1,606)	( 14,260)
	_______	_______	_______	_______
At 31 May 2025	-	-	-	-
	_______	_______	_______	_______
Depreciation
At 1 June 2024	2,230	8,577	1,605	12,412
Charge for the year	276	193	1	470
Disposals	( 2,506)	( 8,770)	( 1,606)	( 12,882)
	_______	_______	_______	_______
At 31 May 2025	-	-	-	-
	_______	_______	_______	_______
Carrying amount
At 31 May 2025	-	-	-	-
	_______	_______	_______	_______
At 31 May 2024	1,073	774	1	1,848
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	-	436
Other debtors	1,250	1,591
	_______	_______
	1,250	2,027
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	-	5,811
Social security and other taxes	-	2,302
Other creditors	13,627	19,203
	_______	_______
	13,627	27,316
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr M W Forsyth	( 17,949)	( 8,890)	14,032	( 12,807)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr M W Forsyth	( 15,774)	( 13,590)	11,415	( 17,949)
		_______	_______	_______	_______