7 June 2022 false No description of principal activity Taxfiler 2023.10 14154744business:PrivateLimitedCompanyLtd2022-06-072023-03-31 141547442022-06-06 141547442022-06-072023-03-31 14154744business:AuditExempt-NoAccountantsReport2022-06-072023-03-31 14154744business:FilletedAccounts2022-06-072023-03-31 141547442023-03-31 14154744business:Director12022-06-072023-03-31 14154744business:Director22022-06-072023-03-31 14154744business:RegisteredOffice2022-06-072023-03-31 14154744core:WithinOneYear2023-03-31 14154744core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 14154744core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 14154744core:PreviouslyStatedAmount2023-03-31 14154744business:SmallEntities2022-06-072023-03-31 14154744countries:EnglandWales2022-06-072023-03-31 14154744core:ComputerEquipment2022-06-072023-03-31 14154744core:ComputerEquipment2022-06-06 14154744core:ComputerEquipment2023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 14154744 (England and Wales)
Honed Homes Ltd Unaudited accounts for the period from 7 June 2022 to 31 March 2023
Honed Homes Ltd Unaudited accounts Contents
Page
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Honed Homes Ltd Company Information for the period from 7 June 2022 to 31 March 2023
Directors
Marcus Hardie Philip Stone
Company Number
14154744 (England and Wales)
Registered Office
176 Stephens Road, Tunbridge Wells, Kent TN4 9QE United Kingdom
Accountants
OD Accountants Ltd 7a Ezra Street London E2 7RH
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Honed Homes Ltd Statement of financial position as at 31 March 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
2,539 
Current assets
Inventories
75,007 
Debtors
93,115 
Cash at bank and in hand
71,486 
239,608 
Creditors: amounts falling due within one year
(227,213)
Net current assets
12,395 
Net assets
14,934 
Capital and reserves
Called up share capital
99 
Profit and loss account
14,835 
Shareholders' funds
14,934 
For the period ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by
Marcus Hardie Director Company Registration No. 14154744
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Honed Homes Ltd Notes to the Accounts for the period from 7 June 2022 to 31 March 2023
1
Statutory information
Honed Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 14154744. The registered office is 176 Stephens Road,, Tunbridge Wells,, Kent, TN4 9QE, United Kingdom.
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 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.
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.
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:
Computer equipment
25%
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Honed Homes Ltd Notes to the Accounts for the period from 7 June 2022 to 31 March 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 7 June 2022
- 
Additions
2,902 
At 31 March 2023
2,902 
Depreciation
Charge for the period
363 
At 31 March 2023
363 
Net book value
At 31 March 2023
2,539 
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
90,683 
Accrued income and prepayments
2,432 
93,115 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
37,021 
Trade creditors
27,389 
Taxes and social security
22,802 
Other creditors
130,142 
Loans from directors
9,784 
Accruals
75 
227,213 
7
Average number of employees
During the period the average number of employees was 2.
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