Registered number
10132186
Homelife Warehouse Ltd
Filleted Accounts
30 April 2023
Homelife Warehouse Ltd
Registered number: 10132186
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 431 647
Current assets
Stocks 33,225 34,750
Debtors 4 - 2,760
Cash at bank and in hand 203 4,292
33,428 41,802
Creditors: amounts falling due within one year 5 (55,468) (38,921)
Net current (liabilities)/assets (22,040) 2,881
Net (liabilities)/assets (21,609) 3,528
Capital and reserves
Called up share capital 1 1
Profit and loss account (21,610) 3,527
Shareholder's funds (21,609) 3,528
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P S Samra
Director
Approved by the board on 31 October 2023
Homelife Warehouse Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern basis
The directors believe that not withstanding the accumulated losses to date and net liabilities at the year end, the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from directors will be adequate to meet the company's needs for the period at least 12 months from the date of approval of these financial statements.
Turnover
Turnover includes revenue earned from the sale of goods, net of value added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 33⅓% reducing balance basis
Stocks
Stocks are valued by the director at the lower of cost and net realisable value.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 7,550
At 30 April 2023 7,550
Depreciation
At 1 May 2022 6,903
Charge for the year 216
At 30 April 2023 7,119
Net book value
At 30 April 2023 431
At 30 April 2022 647
4 Debtors 2023 2022
£ £
Director's current account - 2,760
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,001 10,234
Director's current account 92 -
Taxation and social security costs 3,513 8,237
Other creditors 47,862 20,450
55,468 38,921
Director's current account credit balances attract nil rate of interest and are repayable by the company on demand.
6 Other information
Homelife Warehouse Ltd is a private company limited by shares and incorporated in England. Its registered office is:
18 Brill Close
Maidenhead
Berkshire
SL6 3EJ
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