Company registration number 13866691 (England and Wales)
Home In Yorkshire Ltd
Unaudited
financial statements
for the period ended 31 January 2023
PAGES FOR FILING WITH REGISTRAR
Home In Yorkshire Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Home In Yorkshire Ltd
Statement of financial position
as at 31 January 2023
31 January 2023
- 1 -
2023
Notes
£
£
Fixed assets
Tangible assets
4
53,821
Current assets
Stocks
14,890
Debtors
5
60,000
Cash at bank and in hand
7,519
82,409
Creditors: amounts falling due within one year
6
(114,905)
Net current liabilities
(32,496)
Total assets less current liabilities
21,325
Creditors: amounts falling due after more than one year
7
(21,665)
Net liabilities
(340)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(440)
Total equity
(340)
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial period ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period 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 financial statements were approved and signed by the director and authorised for issue on 19 October 2023
S Martinovic
Director
Company registration number 13866691 (England and Wales)
Home In Yorkshire Ltd
Notes to the financial statements
for the period ended 31 January 2023
- 2 -
1
Accounting policies
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 amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
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 and other sales related taxes. Turnover is recognised on the provision of goods and services.
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:
Fixtures and fittings
15% 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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Home In Yorkshire Ltd
Notes to the financial statements (continued)
for the period ended 31 January 2023
- 3 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
Number
Total
3
4
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 24 January 2022
Additions
35,150
31,925
67,075
At 31 January 2023
35,150
31,925
67,075
Depreciation and impairment
At 24 January 2022
Depreciation charged in the period
5,273
7,981
13,254
At 31 January 2023
5,273
7,981
13,254
Carrying amount
At 31 January 2023
29,877
23,944
53,821
5
Debtors
2023
Amounts falling due within one year:
£
Amounts owed by connected company
60,000
Home In Yorkshire Ltd
Notes to the financial statements (continued)
for the period ended 31 January 2023
- 4 -
6
Creditors: amounts falling due within one year
2023
£
Obligations under hire purchase contracts
4,380
Trade creditors
1,860
Taxation and social security
5,583
Other creditors
101,582
Accruals and deferred income
1,500
114,905
Obligations under hire purchase contracts are secured to the asset to which they relate
7
Creditors: amounts falling due after more than one year
2023
Notes
£
Obligations under hire purchase contracts
21,665
Obligations under hire purchase contracts are secured to the asset to which they relate
8
Company information
Home In Yorkshire Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.