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REGISTERED NUMBER: 10797451 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Decorative Holmes Ltd

Decorative Holmes Ltd (Registered number: 10797451)






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


Decorative Holmes Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr P Holmes





REGISTERED OFFICE: 161 Brooklyn Road
Cheltenham
Gloucestershire
GL51 8DX





REGISTERED NUMBER: 10797451 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Decorative Holmes Ltd (Registered number: 10797451)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,321 29,995

CURRENT ASSETS
Debtors 5 105,327 96,368
Cash at bank 105,688 126,024
211,015 222,392
CREDITORS
Amounts falling due within one year 6 50,438 42,558
NET CURRENT ASSETS 160,577 179,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,898

209,829

CREDITORS
Amounts falling due after more than one
year

7

36,579

52,736
NET ASSETS 152,319 157,093

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 152,219 156,993
SHAREHOLDERS' FUNDS 152,319 157,093

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.

Decorative Holmes Ltd (Registered number: 10797451)

Balance Sheet - continued
31 May 2023


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 20 October 2023 and were signed by:





Mr P Holmes - Director


Decorative Holmes Ltd (Registered number: 10797451)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Decorative Holmes 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
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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 44,230
Additions 7,750
At 31 May 2023 51,980
DEPRECIATION
At 1 June 2022 14,235
Charge for year 9,424
At 31 May 2023 23,659
NET BOOK VALUE
At 31 May 2023 28,321
At 31 May 2022 29,995

Decorative Holmes Ltd (Registered number: 10797451)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 37,326 15,693
Other debtors 68,001 80,675
105,327 96,368

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,684 5,684
Trade creditors 16,812 1,186
Taxation and social security 17,160 24,788
Other creditors 782 900
50,438 42,558

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 20,000 30,000
Hire purchase contracts 16,579 22,736
36,579 52,736

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Holmes.