Morecambe Fireplace Warehouse Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4397437

Morecambe Fireplace Warehouse Ltd

Filleted Unaudited Financial Statements

For the year to

31 March 2026

Morecambe Fireplace Warehouse Ltd

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6		45,991	28,941

Current assets

Stocks		2,000	2,000
Debtors	7	6,070	1,727
Cash at bank and in hand		62,247	74,946
		--------	--------
		70,317	78,673

Creditors: amounts falling due within one year	8	72,373		60,274
		--------		--------
Net current (liabilities)/assets			( 2,056)	18,399
			--------	--------
Total assets less current liabilities			43,935	47,340

Provisions

Taxation including deferred tax	4,931	1,685
	--------	--------
Net assets	39,004	45,655
	--------	--------

Capital and reserves

Called up share capital	9	9
Profit and loss account	38,995	45,646
	--------	--------
Shareholders funds	39,004	45,655
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Morecambe Fireplace Warehouse Ltd

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 4 September 2026 , and are signed on behalf of the board by:

Mr C R Whitehead
Director

Company registration number: 4397437

Morecambe Fireplace Warehouse Ltd

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, Lancashire, LA1 3SW, UK.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	15% reducing balance
Fixtures Fittings & Equipment	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

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 stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tax on (loss)/profit

Major components of tax (income)/expense

	2026	2025
	£	£

Current tax:

UK current tax (income)/expense	( 4,891)	4,952

Deferred tax:

Origination and reversal of timing differences	3,246	( 888)
	-------	-------
Tax on (loss)/profit	( 1,645)	4,064
	-------	-------

6. Tangible assets

Plant and machinery	Fixtures and fittings	Motor vehicles	Total
£	£	£	£

Cost
At 1 April 2025	13,243	35,856	32,195	81,294
Additions	27,195	1,052	4,947	33,194
Disposals	–	–	( 17,947)	( 17,947)
	--------	--------	--------	--------
At 31 March 2026	40,438	36,908	19,195	96,541
	--------	--------	--------	--------
Depreciation
At 1 April 2025	6,790	29,152	16,411	52,353
Charge for the year	5,047	1,163	3,599	9,809
Disposals	–	–	( 11,612)	( 11,612)
	--------	--------	--------	--------
At 31 March 2026	11,837	30,315	8,398	50,550
	--------	--------	--------	--------
Carrying amount
At 31 March 2026	28,601	6,593	10,797	45,991
	--------	--------	--------	--------
At 31 March 2025	6,453	6,704	15,784	28,941
	--------	--------	--------	--------

7. Debtors

	2026	2025
	£	£

Prepayments and accrued income	1,179	1,727
Corporation tax repayable	4,891	–
	-------	-------
	6,070	1,727
	-------	-------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£

Bank loans and overdrafts	17	–
Trade creditors	2,063	4,514
Accruals and deferred income	4,528	3,156
Corporation tax	–	4,952
Social security and other taxes	3,342	4,108
Director loan accounts	62,423	43,544
	--------	--------
	72,373	60,274
	--------	--------

9. Related party transactions

The company was under the control of R D Whitehead throughout the current year. Mr Whitehead is the majority shareholder. The company rents premises at 2 Owen Road Lancaster from R D and Mrs S V Whitehead. During the year the rent charged was £11,700 (2025 £11,700) which is considered to be at market value