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
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
Honed Homes Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
71,486
Creditors: amounts falling due within one year
(227,213)
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
Honed Homes Ltd
Notes to the Accounts
for the period from 7 June 2022 to 31 March 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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.
Honed Homes Ltd
Notes to the Accounts
for the period from 7 June 2022 to 31 March 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
2,432
6
Creditors: amounts falling due within one year
2023
Taxes and social security
22,802
Loans from directors
9,784
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Average number of employees
During the period the average number of employees was 2.