Company Registration No. 07880331 (England and Wales)
IRONCRAFT FIRES & STOVES LIMITED
Unaudited accounts
for the year ended 31 December 2021
IRONCRAFT FIRES & STOVES LIMITED
Unaudited accounts
Contents
IRONCRAFT FIRES & STOVES LIMITED
Company Information
for the year ended 31 December 2021
Company Number
07880331 (England and Wales)
Registered Office
CROSS CHAMBERS
9 HIGH STREET
NEWTOWN
POWYS
SY16 2NY
Accountants
ACCOUNTING & BOOKKEEPING CONSULTANCY LTD
Truwood House
Bromfield Ind. Est.
Mold
Flintshire
CH7 1XB
IRONCRAFT FIRES & STOVES LIMITED
Statement of financial position
as at 31 December 2021
Tangible assets
10,608
14,445
Cash at bank and in hand
16,776
16,027
Creditors: amounts falling due within one year
(51,300)
(53,318)
Net current assets
25,770
27,118
Total assets less current liabilities
36,383
41,568
Creditors: amounts falling due after more than one year
(35,237)
(50,000)
Net assets/(liabilities)
1,146
(8,432)
Called up share capital
9
9
Profit and loss account
1,137
(8,441)
Shareholders' funds
1,146
(8,432)
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 April 2022 and were signed on its behalf by
E K Derwas
Director
Company Registration No. 07880331
IRONCRAFT FIRES & STOVES LIMITED
Notes to the Accounts
for the year ended 31 December 2021
IRONCRAFT FIRES & STOVES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07880331. The registered office is CROSS CHAMBERS, 9 HIGH STREET, NEWTOWN, POWYS, SY16 2NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Depreciation - 10% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Other
IRONCRAFT FIRES & STOVES LIMITED
Notes to the Accounts
for the year ended 31 December 2021
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2021
2,900
17,539
20,439
Disposals
(2,900)
-
(2,900)
At 31 December 2021
-
17,539
17,539
At 1 January 2021
242
5,752
5,994
Charge for the year
487
1,179
1,666
At 31 December 2021
-
6,931
6,931
At 31 December 2021
-
10,608
10,608
At 31 December 2020
2,658
11,787
14,445
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
10,095
4,745
Accrued income and prepayments
3,321
6,868
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,649
-
Trade creditors
3,809
3,808
Taxes and social security
1,357
3,792
Loans from directors
30,219
44,718
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
