REGISTERED NUMBER: SC411793 (Scotland)

Financial Statements for the Year Ended 31st March 2025

for

The Stove Network (Trading) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

L Fitzpatrick

M A P Baker

G K Rooney

L J Smith

REGISTERED OFFICE:

100 High Street

Dumfries

DG1 2BJ

REGISTERED NUMBER:

SC411793 (Scotland)

AUDITORS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Tangible assets

4

35,239

23,464

CURRENT ASSETS

Stocks

2,368

2,359

Debtors

5

3,824

6,343

Cash at bank and in hand

4,481

2,363

10,673

11,065

CREDITORS

Amounts falling due within one year

6

30,963

10,440

NET CURRENT (LIABILITIES)/ASSETS

(20,290

)

625

TOTAL ASSETS LESS CURRENT LIABILITIES

14,949

24,089

ACCRUALS AND DEFERRED INCOME

13,920

20,185

NET ASSETS

1,029

3,904

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,028

3,903

1,029

3,904

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 11th December 2025 and were signed on its behalf by:

L J Smith - Director

1.	STATUTORY INFORMATION

The Stove Network (Trading) Limited is a private company, limited by shares , registered in Scotland. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies.

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.

Amounts written off each asset over the estimated useful life represent cost less residual value.

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.

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 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

35,383

Additions

19,257

At 31st March 2025

54,640

DEPRECIATION

At 1st April 2024

11,919

Charge for year

7,482

At 31st March 2025

19,401

NET BOOK VALUE

At 31st March 2025

35,239

At 31st March 2024

23,464

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,824

-

Amounts owed by group undertakings

-

1,360

Other debtors

-

4,983

3,824

6,343

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,047

4,756

Amounts owed to group undertakings

19,093

-

Taxation and social security

6,823

5,684

30,963

10,440

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rodney Palmer, BA CA (Senior Statutory Auditor)

for and on behalf of Farries Kirk & McVean