The Stove Store Supplies Chesham Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

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Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 11123941

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		40,665		33,884

			40,665		33,884
CURRENT ASSETS
Debtors	5	191,307		209,677
Cash at bank and in hand		9,857		1,005

		201,164		210,682
Creditors: Amounts Falling Due Within One Year	6	(228,033 )		(200,715 )

NET CURRENT ASSETS (LIABILITIES)			(26,869 )		9,967

TOTAL ASSETS LESS CURRENT LIABILITIES			13,796		43,851

Creditors: Amounts Falling Due After More Than One Year	7		(13,048 )		(41,089 )

NET ASSETS			748		2,762

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			648		2,662

SHAREHOLDERS' FUNDS			748		2,762

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The Stove Store Supplies Chesham Limited

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms R L Aiken

Director

20 December 2025

The notes on pages 4 to 6 form part of these financial statements.

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The Stove Store Supplies Chesham Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

The Stove Store Supplies Chesham Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11123941 . The registered office is Unit 12 Asheridge Road, Chesham, HP5 2QA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Straight Line
Motor Vehicles	25% Reducing Balance
Computer Equipment	33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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The Stove Store Supplies Chesham Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 8)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	38,002	33,899	1,630	73,531
Additions	853	21,490	316	22,659

As at 31 March 2025	38,855	55,389	1,946	96,190

Depreciation
As at 1 April 2024	17,724	20,293	1,630	39,647
Provided during the period	7,000	8,774	104	15,878

As at 31 March 2025	24,724	29,067	1,734	55,525

Net Book Value
As at 31 March 2025	14,131	26,322	212	40,665

As at 1 April 2024	20,278	13,606	-	33,884

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	23,319	32,285
Other debtors	9,500	9,500
Directors' loan accounts	110,422	123,686

	143,241	165,471
Due after more than one year
Corporation tax recoverable assets	48,066	44,206

	191,307	209,677

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The Stove Store Supplies Chesham Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	9,206	6,000
Trade creditors	29,612	11,484
Bank loans and overdrafts	40,512	59,805
Corporation tax	82,691	68,426
Other taxes and social security	40,893	30,949
VAT	18,080	12,356
Credit Card	5,789	10,195
Accruals and deferred income	1,250	1,500

	228,033	200,715

7. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	9,282	5,000
Bank loans	3,766	36,089

	13,048	41,089

8. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 March 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	9,206	6,000
Later than one year and not later than five years	9,282	5,000

	18,488	11,000

	18,488	11,000

9. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Ms Rebecca Aiken	41,359	20,878	(14,400 )	-	47,837
Mr George Aiken	45,390	12,908	(1,400 )	-	43,899
Mr Andrew Aiken	36,936	943	(19,200 )	-	18,679

The above loan is unsecured, charged at a market rate of interest and repayable on demand.

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Directors	Ms R L Aiken
	Mr G C Aiken
	Mr A C Aiken

Company Number	11123941

Registered Office	Unit 12 Asheridge Road
	Chesham
	HP5 2QA

Accountants	Creasey & Co
	Chartered Accountants
	Portland House Westfield Road
	Pitstone
	Leighton Buzzard
	LU7 9GU