Registered number
07702490
Hart Home Interiors Limited
Filleted Accounts
31 July 2023
Hart Home Interiors Limited
Registered number: 07702490
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,648 2,847
Current assets
Stocks 213,799 208,108
Debtors 4 8,699 4,437
Investments held as current assets 5 54,685 52,352
Cash at bank and in hand 175,483 146,958
452,666 411,855
Creditors: amounts falling due within one year 6 (209,468) (171,223)
Net current assets 243,198 240,632
Total assets less current liabilities 246,846 243,479
Creditors: amounts falling due after more than one year 7 (15,926) (23,233)
Net assets 230,920 220,246
Capital and reserves
Called up share capital 102 102
Profit and loss account 230,818 220,144
Shareholder's funds 230,920 220,246
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.
D Aaronson
Director
Approved by the board on 25 October 2023
Hart Home Interiors Limited
Notes to the Accounts
for the year ended 31 July 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).
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes. The following criteria must also be met before revenue is recognised:

Revenue from the sale of specialist healthcare, sanitary, bathroom and kitchen products is
recognised when the significant risks and rewards of ownership of the goods have passed to the
buyer. This is usually at the point that the customer has signed for delivery of the goods.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Computer equipment 33% reducing balance
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 8
3 Tangible fixed assets
Plant and machinery etc Computer equipment Total
£ £ £
Cost
At 1 August 2022 4,377 4,497 8,874
Additions 629 1,777 2,406
At 31 July 2023 5,006 6,274 11,280
Depreciation
At 1 August 2022 3,742 2,285 6,027
Charge for the year 253 1,352 1,605
At 31 July 2023 3,995 3,637 7,632
Net book value
At 31 July 2023 1,011 2,637 3,648
At 31 July 2022 635 2,212 2,847
4 Debtors 2023 2022
£ £
Trade debtors 5,699 1,437
Other debtors 3,000 3,000
8,699 4,437
5 Investments held as current assets 2023 2022
£ £
Fair value
Listed investments 54,685 52,352
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments (2,963) (5,559)
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,519 8,519
Trade creditors 106,426 75,038
Accruals and deferred income 3,500 3,250
Taxation and social security costs 81,627 82,596
Other creditors 9,396 1,820
209,468 171,223
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,926 23,233
8 Other information
Hart Home Interiors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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