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REGISTERED NUMBER: 11217110 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Country Home Building Ltd

Country Home Building Ltd (Registered number: 11217110)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Country Home Building Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs L E Bottom
L J Bottom





REGISTERED OFFICE: 2a Main Street
Wymondham
Melton Mowbray
Leicestershire
LE14 2AG





REGISTERED NUMBER: 11217110 (England and Wales)





ACCOUNTANTS: RR Accountancy Ltd
Chartered Accountant
32 Leicester Street
Melton Mowbray
Leicestershire
LE13 0PP

Country Home Building Ltd (Registered number: 11217110)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 6,000
Tangible assets 5 32,343 37,739
37,343 43,739

CURRENT ASSETS
Stocks 23,871 -
Debtors 6 9,899 21,359
Cash at bank 18,909 284
52,679 21,643
CREDITORS
Amounts falling due within one year 7 20,894 9,504
NET CURRENT ASSETS 31,785 12,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,128

55,878

PROVISIONS FOR LIABILITIES 8 6,145 7,170
NET ASSETS 62,983 48,708

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,883 48,608
62,983 48,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Country Home Building Ltd (Registered number: 11217110)

Balance Sheet - continued
28 February 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 Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





L J Bottom - Director


Country Home Building Ltd (Registered number: 11217110)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Country Home Building 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost, 25% on cost and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Country Home Building Ltd (Registered number: 11217110)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 10,000
AMORTISATION
At 1 March 2022 4,000
Charge for year 1,000
At 28 February 2023 5,000
NET BOOK VALUE
At 28 February 2023 5,000
At 28 February 2022 6,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 59,704
Disposals (500 )
At 28 February 2023 59,204
DEPRECIATION
At 1 March 2022 21,965
Charge for year 5,063
Eliminated on disposal (167 )
At 28 February 2023 26,861
NET BOOK VALUE
At 28 February 2023 32,343
At 28 February 2022 37,739

Country Home Building Ltd (Registered number: 11217110)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 900 21,024
Other debtors 8,999 335
9,899 21,359

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,783 275
Taxation and social security 18,533 8,487
Other creditors 578 742
20,894 9,504

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,145 7,170

Deferred
tax
£   
Balance at 1 March 2022 7,170
Provided during year (1,025 )
Balance at 28 February 2023 6,145

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director of the company received advances of £4,258 during the year. £586 was repaid and the maximum outstanding was £4,258. The loan did not bear interest and is repayable on demand.