Hotter Logs Limited - Accounts to registrar (filleted) - small 22.3

Hotter Logs Limited - Accounts to registrar (filleted) - small 22.3

HOTTER LOGS LIMITED - Company Information

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REGISTERED NUMBER: 09445182 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

HOTTER LOGS LIMITED
HOTTER LOGS LIMITED (REGISTERED NUMBER: 09445182)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOTTER LOGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTORS: J Brooke
G M Brooke





REGISTERED OFFICE: Jewells
Hemyock
Cullompton
Devon
EX15 3PX





REGISTERED NUMBER: 09445182 (England and Wales)





ACCOUNTANTS: Mitchells Chartered Accountants
St. John's House,
Castle Street,
Taunton
Somerset
TA1 4AY
Page 1
HOTTER LOGS LIMITED (REGISTERED NUMBER: 09445182)

BALANCE SHEET
28 FEBRUARY 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,017 40,020

CURRENT ASSETS
Stocks 4,973 4,668
Debtors 5 18,932 19,217
Cash at bank 6,217 6,507
30,122 30,392
CREDITORS
Amounts falling due within one year 6 32,429 40,200
NET CURRENT LIABILITIES (2,307 ) (9,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
31,710
30,212

PROVISIONS FOR LIABILITIES 1,369 662
NET ASSETS 30,341 29,550

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 7 74,999 74,999
Retained earnings (44,659 ) (45,450 )
SHAREHOLDERS' FUNDS 30,341 29,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 notes form part of these financial statements

Page 2 continued...
HOTTER LOGS LIMITED (REGISTERED NUMBER: 09445182)

BALANCE SHEET - continued
28 FEBRUARY 2022


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 25 November 2022 and were signed on its behalf by:





J Brooke - Director


The notes form part of these financial statements

Page 3
HOTTER LOGS LIMITED (REGISTERED NUMBER: 09445182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1. STATUTORY INFORMATION

Hotter Logs Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Page 4 continued...
HOTTER LOGS LIMITED (REGISTERED NUMBER: 09445182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2021
and 28 February 2022 86,108
DEPRECIATION
At 1 March 2021 46,088
Charge for year 6,003
At 28 February 2022 52,091
NET BOOK VALUE
At 28 February 2022 34,017
At 28 February 2021 40,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 5,690 1,911
Other debtors 13,242 17,306
18,932 19,217

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade creditors 8,794 28,292
Other creditors 23,635 11,908
32,429 40,200

7. RESERVES
Revaluation
reserve
£   
At 1 March 2021
and 28 February 2022 74,999

Page 5