Company Registration No. 13231958 (England and Wales)
The Fireplace Company Morecambe Limited
Unaudited accounts
for the year ended 31 March 2025
The Fireplace Company Morecambe Limited
Unaudited accounts
Contents
The Fireplace Company Morecambe Limited
Company Information
for the year ended 31 March 2025
Directors
Anthony Chell
Andrea Chell
India Chell
James Allen
Company Number
13231958 (England and Wales)
Registered Office
2 WHITEFIELD PLACE
MORECAMBE
LANCASHIRE
LA3 3EA
ENGLAND
Accountants
Walling Accountants
Unit 1B Hallidays Farm
Bilsborrow
Preston
PR3 0RU
The Fireplace Company Morecambe Limited
Statement of financial position
as at 31 March 2025
Tangible assets
74,439
22,972
Inventories
130,054
99,139
Cash at bank and in hand
27,345
37,638
Creditors: amounts falling due within one year
(185,940)
(126,363)
Net current assets
34,454
37,079
Total assets less current liabilities
108,893
60,051
Creditors: amounts falling due after more than one year
(44,136)
(11,667)
Provisions for liabilities
Deferred tax
(12,216)
(2,508)
Called up share capital
10
10
Profit and loss account
52,531
45,866
Shareholders' funds
52,541
45,876
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by
Anthony Chell
Director
Company Registration No. 13231958
The Fireplace Company Morecambe Limited
Notes to the Accounts
for the year ended 31 March 2025
The Fireplace Company Morecambe Limited is a private company, limited by shares, registered in England and Wales, registration number 13231958. The registered office is 2 WHITEFIELD PLACE, MORECAMBE, LANCASHIRE, LA3 3EA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Plant & machinery
33.3% on cost
Motor vehicles
25% reducing balance
Computer equipment
33.3% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The Fireplace Company Morecambe Limited
Notes to the Accounts
for the year ended 31 March 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
12,217
10,226
23,237
1,178
46,858
Additions
1,653
-
59,733
-
61,386
At 31 March 2025
13,870
10,226
82,970
1,178
108,244
At 1 April 2024
2,444
8,352
12,673
417
23,886
Charge for the year
1,284
1,049
7,271
315
9,919
At 31 March 2025
3,728
9,401
19,944
732
33,805
At 31 March 2025
10,142
825
63,026
446
74,439
At 31 March 2024
9,773
1,874
10,564
761
22,972
Amounts falling due within one year
Trade debtors
59,605
20,374
Accrued income and prepayments
1,530
1,335
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
11,423
-
Trade creditors
60,060
54,367
Taxes and social security
22,698
22,978
Loans from directors
552
247
Deferred income
80,271
31,774
The Fireplace Company Morecambe Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
42,469
-
8
Average number of employees
During the year the average number of employees was 6 (2024: 6).