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Company registration number:
03596203
The Fireplace Centre (West Bridgeford) Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2026
West Bridgford Accountancy Limited
Chartered Accountant
43 Edward Road, West Bridgford, Nottingham, Nottinghamshire, NG2 5GE, United Kingdom
The Fireplace Centre (West Bridgeford) Limited
Statement of Financial Position
31 March 2026

|  | 2026 | 2025
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 6 | 35,678 |  | 50,288 |
Current assets |  |  |  |  |
Stocks |  | 71,753 |  | 102,788 |
Debtors | 7 | 27,062 |  | 22,814 |
Cash at bank and in hand |  | 200,382 |  | 280,657 |
|  | 299,197 |  | 406,259 |
Creditors: amounts falling due within one year | 8 | (67,766 | ) | (122,386 | )
Net current assets |  | 231,431 |  | 283,873 |
Total assets less current liabilities |  | 267,109 |  | 334,161 |
Creditors: amounts falling due after more than one year | 9 | - |  | (372 | )
Provisions for liabilities |  | (4,163 | ) | (6,862 | )
Net assets |  | 262,946 |  | 326,927 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 262,846 |  | 326,827 |
Shareholders funds |  | 262,946 |  | 326,927 |

For the year ending
31 March 2026
, 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
9 July 2026
, and are signed on behalf of the board by:

L Baker
Director

Company registration number:
03596203
The Fireplace Centre (West Bridgeford) Limited
Notes to the Financial Statements
Year ended
31 March 2026

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
41 Radcliffe Road
,
West Bridgford
,
Nottingham
,
NG2 5FF
, England.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland' and with the Companies Act 2006.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

## Current tax

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.

## Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

## Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
The goodwill was the amount paid in connection with the acquisition of the business in 1998.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill | Equally over its estimated useful economic of ten years.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures and fittings | 20% reducing balance
Plant and machinery | 20% reducing balance
Motor vehicles | 25% reducing balance
Office equipment | 33% straight line

## 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.

## Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

## Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
All financial assets and liabilities are initially recognised at the transaction price and are subsequently measured at amortised cost.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## Defined contribution pension plan

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.

## Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

## 4 Average number of employees

The average number of persons employed by the company during the year was
11
(2025:
12.00
).

## 5 Intangible assets

| Goodwill
--- | ---
| £
Cost |  |
At 1 April 2025 and 31 March 2026 | 15,000 |
Amortisation |  |
At 1 April 2025 and 31 March 2026 | 15,000 |
Carrying amount |  |
At 31 March 2026 | - |
At 31 March 2025 | - |

## 6 Tangible assets

| Land and buildings | Plant and machinery etc. | Total
--- | --- | --- | ---
| £ | £ | £
Cost |  |  |  |  |  |
At 1 April 2025 | - |  | 236,907 |  | 236,907 |
Disposals | - |  | (37,585 | ) | (37,585 | )
At 31 March 2026 | - |  | 199,322 |  | 199,322 |
Depreciation |  |  |  |  |  |
At 1 April 2025 | - |  | 186,619 |  | 186,619 |
Charge | - |  | 12,244 |  | 12,244 |
Disposals | - |  | (35,219 | ) | (35,219 | )
At 31 March 2026 | - |  | 163,644 |  | 163,644 |
Carrying amount |  |  |  |  |  |
At 31 March 2026 | - |  | 35,678 |  | 35,678 |
At 31 March 2025 | - |  | 50,288 |  | 50,288 |

Included in the above, are fixed assets which are held under hire purchase contracts - cost £22,915 (2025 - £22,915), depreciation £15,665 (2025 - £13,248), net book value £7,250 (2025 - £9,667)

## 7 Debtors

| 2026 | 2025
--- | --- | ---
| £ | £
Trade debtors | 3,357 |  | - |
Other debtors | 23,705 |  | 22,814 |
| 27,062 |  | 22,814 |

## 8 Creditors: amounts falling due within one year

| 2026 | 2025
--- | --- | ---
| £ | £
Trade creditors | 39,711 |  | 52,924 |
Taxation and social security | 24,648 |  | 60,983 |
Other creditors | 3,407 |  | 8,479 |
| 67,766 |  | 122,386 |

## 9 Creditors: amounts falling due after more than one year

| 2026 | 2025
--- | --- | ---
| £ | £
Other creditors | - |  | 372 |

## 10 Directors' advances, credit and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 2025:
P C Baker
Amount outstanding at start of year - £8,185 (2025 - £24,435)
Amounts advanced - £nil (2025 - £11,250)
Amounts repaid - £nil ( 2025 - £27,500)
Amount outstanding at end of year - £8,185 ( 2025 - £8,185)

## 11 Controlling party

The company is under the control of the directors by virtue of their shareholdings.