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Company Registration No. 07920359 (England and Wales)
Fine Home Building Ltd Unaudited accounts for the year ended 31 January 2023
Fine Home Building Ltd Unaudited accounts Contents
Page
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Fine Home Building Ltd Company Information for the year ended 31 January 2023
Director
Mr Velislav Rashkov
Secretary
Mr Velislav Rashkov
Company Number
07920359 (England and Wales)
Registered Office
Mill Cottage Blackjacks Lock Harefield UB9 6HL
Accountants
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
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Fine Home Building Ltd Accountants' report
Accountants' report to the director of Fine Home Building Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fine Home Building Ltd for the year ended 31 January 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Fine Home Building Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Fine Home Building Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fine Home Building Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Fine Home Building Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fine Home Building Ltd. You consider that Fine Home Building Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Fine Home Building Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA 19 October 2023
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Fine Home Building Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,217 
5,337 
Current assets
Debtors
16,809 
7,650 
Cash at bank and in hand
25,988 
48,532 
42,797 
56,182 
Creditors: amounts falling due within one year
(25,218)
(39,048)
Net current assets
17,579 
17,134 
Total assets less current liabilities
21,796 
22,471 
Creditors: amounts falling due after more than one year
(34,358)
(44,483)
Provisions for liabilities
Deferred tax
(146)
(137)
Net liabilities
(12,708)
(22,149)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(12,808)
(22,249)
Shareholders' funds
(12,708)
(22,149)
For the year ending 31 January 2023 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 his 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 19 October 2023 and were signed on its behalf by
Mr Velislav Rashkov Director Company Registration No. 07920359
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Fine Home Building Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Fine Home Building Ltd is a private company, limited by shares, registered in England and Wales, registration number 07920359. The registered office is Mill Cottage, Blackjacks Lock, Harefield, UB9 6HL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
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Fine Home Building Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
4,430 
1,168 
5,598 
At 31 January 2023
4,430 
1,168 
5,598 
Depreciation
At 1 February 2022
74 
187 
261 
Charge for the year
886 
234 
1,120 
At 31 January 2023
960 
421 
1,381 
Net book value
At 31 January 2023
3,470 
747 
4,217 
At 31 January 2022
4,356 
981 
5,337 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,174 
7,140 
Accrued income and prepayments
135 
510 
Other debtors
15,500 
- 
16,809 
7,650 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
197 
5,122 
Trade creditors
68 
3,776 
Taxes and social security
136 
319 
Other creditors
3,956 
1,342 
Loans from directors
20,861 
28,489 
25,218 
39,048 
Included above is a loan of £20,861 (2022 - £28,489) from Velislav Rashkov, the company director.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,358 
44,483 
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Fine Home Building Ltd Notes to the Accounts for the year ended 31 January 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
146 
137 
2023 
2022 
£ 
£ 
Provision at start of year
137 
- 
Charged to the profit and loss account
9 
137 
Provision at end of year
146 
137 
9
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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