|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Company registration number:09858331
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HOMEFAST BATHROOMS LTD
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FOR THE YEAR ENDED 31 December 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HOMEFAST BATHROOMS LTD |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AS AT 31 December 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021 |
|
2020 |
|
|
|
|
|
Notes |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Stocks | | | | 36,200 | | | | 35,890 | | | | |
Debtors | | | 3 | 905,375 | | | | 3,436,221 | | | | |
Cash at bank and in hand | | | | 1,373 | | | | 1,750 | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | | | 942,948 | | | | 3,473,861 | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
CREDITORS |
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
|
4 |
(874,138) |
|
|
|
(3,411,514) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET CURRENT ASSETS |
|
|
|
|
|
68,810 |
|
|
|
62,347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS LESS |
|
|
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
68,810 |
|
|
|
62,347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS |
|
|
|
|
|
68,810 |
|
|
|
62,347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL AND RESERVES |
|
|
|
|
|
|
|
|
|
|
|
Called-up equity share capital |
|
5 |
|
|
1 |
|
|
|
1 |
|
Profit and loss account |
|
|
|
|
|
68,809 |
|
|
|
62,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
68,810 |
|
|
|
62,347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 December 2021 the company was entitled to exemption 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 8 August 2022 and signed on its behalf. | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime. | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
.......................................................................... |
Mr Shengjia Guan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8 August 2022
|
|
|
|
|
|
|
|
|
|
|
|
The annexed notes form part of these financial statements. | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | | | | | |
HOMEFAST BATHROOMS LTD | | | | | | |
| | | | | | | |
STATEMENT OF CHANGES IN EQUITY | | | | | | |
|
FOR THE YEAR ENDED 31 DECEMBER 2021 | | |
|
|
|
|
|
Share |
Share |
P and L |
Revaluation |
Other |
Total |
|
|
|
|
Capital |
Premium |
Account |
reserve |
reserves |
equity |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
£ |
Balance at 1 January 2020 | | 1 | 0 | 45,802 | 0 | 0 | 45,803 |
| | | | | | | | | | | |
Changes in equity | | | | | | | | | | |
Total Comprehensive Income | | 0 | 0 | 16,544 | 0 | 0 | 16,544 |
Balance at 31 December 2020 | | 1 | 0 | 62,346 | 0 | 0 | 62,347 |
| | | | | | | | | | | |
Changes in equity | | | | | | | | | | |
Total comprehensive income | | 0 | 0 | 6,463 | 0 | 0 | 6,463 |
Balance at 31 December 2021 | | 1 | 0 | 68,809 | 0 | 0 | 68,810 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HOMEFAST BATHROOMS LTD |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOTES TO THE FINANCIAL STATEMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FOR THE YEAR ENDED 31 DECEMBER 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. |
Accounting policies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Statutory information | | | | | | | |
| The company is registered in England and its registered number is 09858331. The company is a private company limited by shares. Its registered office is 118 HIgh Street, Erdington, Birmingham, B23 6BG. | |
| |
| | | | | | | | | | |
| | | | | | | | | | |
|
|
|
|
Basis of preparing the financial statements |
|
|
|
|
|
|
|
|
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Turnover | | | | | | | | | |
| Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer. | |
| |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stocks and Work In Progress | | | | | | | |
| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost. | |
| |
| | | | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. | Employees | | | |
| | | | | | |
| The average number of persons employed by the company (including directors) during the year was 1. |
| | | | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4. | Creditors due within one year | | | | | |
| | | | | 2021 | 2020 | | |
| | | | | £ | £ | | |
|
|
|
|
|
|
|
|
|
| Trade creditors | | | 870,558 | 3,400,457 | | |
| Corporation Tax | | | 1,516 | 3,881 | | |
| Other taxes and social security costs | | 1,109 | 5,724 | | |
| Accruals and deferred income | | 955 | 955 | | |
| Loan from directors | | | 0 | 497 | | |
|
|
|
|
|
|
|
|
|
| | | | | 874,138 | 3,411,514 | | |
| | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5. |
Share capital |
|
|
Alloted, Issued and fully paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ordinary shares of £1 each | | | 1 | 1 | | | |
| Total issued share capital | | | 1 | 1 | | | |
|
|
|
|
|
|
|
|
|
|
| | | | | | | | | | |
| | | | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | | | | | | | | |
6. | Related Party Transactions | | | | | | | | |
| During the year, the company purchased goods worth £4,490,652 from Aica Bathroom Ltd, a company owned by the director. The amount outstanding at the year end was £870,558. | |
| | | | | | | | | | |
| | | | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|