Company registration number 11473100 (England and Wales)
THE FIREPLACE COMPANY CROWBOROUGH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
THE FIREPLACE COMPANY CROWBOROUGH LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THE FIREPLACE COMPANY CROWBOROUGH LTD (REGISTERED NUMBER: 11473100)
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
67,394
34,016
Current assets
Stocks
65,000
47,833
Debtors
4
16,616
14,071
Cash at bank and in hand
277,286
186,734
358,902
248,638
Creditors: amounts falling due within one year
5
(123,743)
(141,925)
Net current assets
235,159
106,713
Total assets less current liabilities
302,553
140,729
Creditors: amounts falling due after more than one year
6
(33,757)
(22,685)
Net assets
268,796
118,044
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
268,795
118,043
Total equity
268,796
118,044
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
THE FIREPLACE COMPANY CROWBOROUGH LTD (REGISTERED NUMBER: 11473100)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2022
31 March 2022
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 20 December 2022
Mr P Crabtree
Director
THE FIREPLACE COMPANY CROWBOROUGH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
1
Accounting policies
Company information
The Fireplace Company Crowborough Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Craven House, Croft Road, Crowborough, East Sussex, TN6 1HA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £
1
.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
A
true
t the time of approving the financial statements
,
t
he director has a reasonable expectation that the
company
has adequate resources to continue in operational existence for the foreseeable future. Thus
t
he director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT
.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Taxation
The tax expense represents the sum of the tax currently payable
.
THE FIREPLACE COMPANY CROWBOROUGH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
7
6
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2021
65,542
594
3,500
69,636
Additions
9,744
2,160
43,938
55,842
At 31 March 2022
75,286
2,754
47,438
125,478
Depreciation and impairment
At 1 April 2021
33,448
149
2,023
35,620
Depreciation charged in the year
10,459
651
11,354
22,464
At 31 March 2022
43,907
800
13,377
58,084
Carrying amount
At 31 March 2022
31,379
1,954
34,061
67,394
At 31 March 2021
32,094
445
1,477
34,016
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
16,616
13,654
Other debtors
417
16,616
14,071
THE FIREPLACE COMPANY CROWBOROUGH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 5 -
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
2,551
2,315
Trade creditors
12,311
32,223
Amounts owed to group undertakings
38,320
38,612
Taxation and social security
61,684
49,029
Other creditors
8,877
19,746
123,743
141,925
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
18,282
22,685
Other creditors
15,475
33,757
22,685