Adam Davies Stove Works Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 9654804

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		763		1,980

			763		1,980
CURRENT ASSETS
Debtors	5	7,462		5,896
Cash at bank and in hand		4,642		778

		12,104		6,674
Creditors: Amounts Falling Due Within One Year	6	(20,939 )		(13,069 )

NET CURRENT ASSETS (LIABILITIES)			(8,835 )		(6,395 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(8,072 )		(4,415 )

Creditors: Amounts Falling Due After More Than One Year	7		(907 )		(5,522 )

NET LIABILITIES			(8,979 )		(9,937 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(8,980 )		(9,938 )

SHAREHOLDERS' FUNDS			(8,979)		(9,937)

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Adam Davies Stove Works Limited

Balance Sheet (continued)

As At 31 March 2026

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.

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

The director acknowledges his 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

Mr Adam Davies

Director

02/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Adam Davies Stove Works Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9654804 . The registered office is Lochnager, Quarry Ffinant, Newcastle Emlyn, SA38 9HP.

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 stated at cost less depreciation. 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% Straight Line
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.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	1	1
Manufacturing	2	2

	3	3

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Adam Davies Stove Works Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	3,936	19,812	1,962	25,710
Additions	1,044	-	182	1,226

As at 31 March 2026	4,980	19,812	2,144	26,936

Depreciation
As at 1 April 2025	3,264	19,812	654	23,730
Provided during the period	377	-	2,066	2,443

As at 31 March 2026	3,641	19,812	2,720	26,173

Net Book Value
As at 31 March 2026	1,339	-	(576 )	763

As at 1 April 2025	672	-	1,308	1,980

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	6,202	3,971
VAT	-	665

	6,202	4,636
Due after more than one year
Corporation tax recoverable assets	1,260	1,260

	7,462	5,896

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	2,519	2,519
Trade creditors	5,519	3,945
Corporation tax	1,260	-
VAT	2,664	-
Other creditors	4,453	4,886
Accruals and deferred income	275	275
Director's loan account	4,249	1,444

	20,939	13,069

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	907	5,522

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Adam Davies Stove Works Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,519	2,519
Later than one year and not later than five years	907	5,522

	3,426	8,041

	3,426	8,041

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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