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Registration number: 07415649

Cottage Stoves Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Cottage Stoves Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

Cottage Stoves Limited

(Registration number: 07415649)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 17,780 | 23,706
Current assets |  |  |
Stocks |  | 38,008 | 42,885
Debtors | 6 | 14,220 | 6,231
Cash at bank and in hand |  | 48,399 | 48,884
|  | 100,627 | 98,000
Creditors: Amounts falling due within one year | 7 | (96,405) | (86,037)
Net current assets |  | 4,222 | 11,963
Net assets |  | 22,002 | 35,669
Capital and reserves |  |  |
Called up share capital |  | 30 | 30
Capital redemption reserve |  | 70 | 70
Retained earnings |  | 21,902 | 35,569
Shareholders' funds |  | 22,002 | 35,669

Cottage Stoves Limited

(Registration number: 07415649)
Balance Sheet as at 31 October 2025

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 April 2026 and signed on its behalf by:

......................................... Mrs E Thompson Director

Cottage Stoves Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 10% straight line
Plant and machinery | 25% reducing balance
Motor vehicles | 25% reducing balance

Cottage Stoves Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Fully depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Cottage Stoves Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 November 2024 | 36,000 | 36,000
At 31 October 2025 | 36,000 | 36,000
Amortisation
At 1 November 2024 | 36,000 | 36,000
At 31 October 2025 | 36,000 | 36,000
Carrying amount
At 31 October 2025 | - | -

5 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 1,150 | 2,230 | 51,126 | 54,506
At 31 October 2025 | 1,150 | 2,230 | 51,126 | 54,506
Depreciation
At 1 November 2024 | 1,150 | 1,930 | 27,720 | 30,800
Charge for the year | - | 75 | 5,851 | 5,926
At 31 October 2025 | 1,150 | 2,005 | 33,571 | 36,726
Carrying amount
At 31 October 2025 | - | 225 | 17,555 | 17,780
At 31 October 2024 | - | 300 | 23,406 | 23,706

Cottage Stoves Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 12,660 | 3,926
Prepayments | 976 | 2,071
Other debtors | 584 | 234
| 14,220 | 6,231

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 14,506 | 8,705
Taxation and social security | 27,616 | 34,589
Other creditors | 54,283 | 42,743
| 96,405 | 86,037