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REGISTERED NUMBER: 08547288 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

HOME INNOVATIONS LTD

HOME INNOVATIONS LTD (REGISTERED NUMBER: 08547288)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOME INNOVATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: R L Lavender





REGISTERED OFFICE: Unit K
Tweedale Industrial Estate
Madeley
Telford
TF7 4JR





REGISTERED NUMBER: 08547288 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

HOME INNOVATIONS LTD (REGISTERED NUMBER: 08547288)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Plant and equipment 4 4,166 4,931

CURRENT ASSETS
Inventories 168,705 179,928
Debtors 5 32,840 10,657
Cash at bank 23,857 96,347
225,402 286,932
CREDITORS
Amounts falling due within one year 6 148,741 229,688
NET CURRENT ASSETS 76,661 57,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,827

62,175

CREDITORS
Amounts falling due after more than
one year

7

18,733

35,733
NET ASSETS 62,094 26,442

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,994 26,342
SHAREHOLDERS' FUNDS 62,094 26,442

HOME INNOVATIONS LTD (REGISTERED NUMBER: 08547288)

BALANCE SHEET - continued
31 MAY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 October 2023 and were signed by:





R L Lavender - Director


HOME INNOVATIONS LTD (REGISTERED NUMBER: 08547288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Home Innovations 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.

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
Revenue 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.
Fixtures and fittings - 10% on cost

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-making stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For long term finance they utilise the loans provided by the director and other external loan providers, as disclosed in Note 6. In assessing going concern they have assumed that these loans will not be repaid for the foreseeable future and, on that basis, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

HOME INNOVATIONS LTD (REGISTERED NUMBER: 08547288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 3,849 3,798 7,647
DEPRECIATION
At 1 June 2022 802 1,914 2,716
Charge for year 385 380 765
At 31 May 2023 1,187 2,294 3,481
NET BOOK VALUE
At 31 May 2023 2,662 1,504 4,166
At 31 May 2022 3,047 1,884 4,931

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 505 126
Amounts owed by participating interests 30,000 2,668
Other debtors 2,335 7,863
32,840 10,657

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 60,001 65,000
Trade creditors 5,812 1,006
Amounts owed to group undertakings 102 -
Taxation and social security - 9,575
Other creditors 82,826 154,107
148,741 229,688

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 18,733 35,733