REGISTERED NUMBER: 09397201 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NORWICH FIREPLACES AND WOODBURNERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Poter

T Gleave

REGISTERED OFFICE:

16 Sunningdale Road

Chelmsford

Essex

CM1 2NH

REGISTERED NUMBER:

09397201 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

181,771

Tangible assets

4

165,410

CURRENT ASSETS

15,000

Stocks

15,000

267,061

Debtors

5

149,642

49,011

Cash at bank and in hand

61,804

331,072

226,446

CREDITORS

240,638

Amounts falling due within one year

6

249,498

90,434

NET CURRENT (LIABILITIES)/ASSETS

(23,052

)

272,205

TOTAL ASSETS LESS CURRENT LIABILITIES

142,358

CREDITORS

(22,250

)

Amounts falling due after more than one year

7

(8,698

)

(5,013

)

PROVISIONS FOR LIABILITIES

(4,571

)

244,942

NET ASSETS

129,089

CAPITAL AND RESERVES

200

Called up share capital

200

244,742

Retained earnings

128,889

244,942

SHAREHOLDERS' FUNDS

129,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2026 and were signed on its behalf by:

N Poter - Director

1.	STATUTORY INFORMATION

Norwich Fireplaces and Woodburners Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of invoiced sales and the movement between opening and closing trade debtor balances.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

Totals

property

machinery

vehicles

equipment

£

£

£

£

£

COST

At 1 January 2025

333,064

253,837

2,873

69,243

7,111

Additions

716

-

-

-

716

At 31 December 2025

333,780

253,837

2,873

69,243

7,827

DEPRECIATION

At 1 January 2025

151,293

99,027

2,187

45,042

5,037

Charge for year

17,077

10,153

171

6,052

701

At 31 December 2025

168,370

109,180

2,358

51,094

5,738

NET BOOK VALUE

At 31 December 2025

165,410

144,657

515

18,149

2,089

At 31 December 2024

181,771

154,810

686

24,201

2,074

Included in the above is one motor vehicle held under a hire purchase agreement. As at 31 December 2025 the net book value of the vehicle is £10,850 (2024 - £14,467) and the related depreciation charge for the year is £3,617 (2024 - £4,822).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

15,149

4,302

Amounts owed by associates

127,457

256,094

Other debtors

7,036

6,665

149,642

267,061

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

8,334

16,754

Hire purchase contracts

5,219

5,219

Trade creditors

183,637

185,701

Taxation and social security

48,127

29,331

Other creditors

4,181

3,633

249,498

240,638

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

8,334

Hire purchase contracts

8,698

13,916

8,698

22,250

8.	SECURED DEBTS

Part of the bank loan debt in the previous year is a secured creditor in favour of Lloyds Bank PLC. The creditor is secured against the company's freehold property.This loan has been repaid in full during the current year.

Part of the bank loan debt is unsecured, being a Bounce Back loan drawn down during the Covid-19 pandemic.

Hire purchase contract liabilities are secured against the asset for which the liability arises.