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REGISTERED NUMBER: 10959092 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

IHOME CREATIVE LTD

IHOME CREATIVE LTD (Registered number: 10959092)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IHOME CREATIVE LTD

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs OLENA KRUCHOK
Mr SVIATOSLA KRUCHOK





SECRETARY:





REGISTERED OFFICE: 41 Hobbs Hill Road
Hemel Hempstead
Hertfordshire
HP3 9QA





REGISTERED NUMBER: 10959092 (England and Wales)





ACCOUNTANTS: Vatax Accounting LTD
1st Floor Office
65 Moor End
Edlesborough
Bedfordshire
LU6 2FL

IHOME CREATIVE LTD (Registered number: 10959092)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £ £
FIXED ASSETS
Tangible assets 4 55,815 38,927

CURRENT ASSETS
Stocks - 3,630
Debtors 5 23,168 14,822
Cash at bank 12,865 1
36,033 18,453
CREDITORS
Amounts falling due within one year 6 (28,905 ) (23,433 )
NET CURRENT ASSETS/(LIABILITIES) 7,128 (4,980 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,943

33,947

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 62,942 33,946
SHAREHOLDERS' FUNDS 62,943 33,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

IHOME CREATIVE LTD (Registered number: 10959092)

Balance Sheet - continued
30 September 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 22 February 2024 and were signed on its behalf by:





Mr SVIATOSLA KRUCHOK - Director


IHOME CREATIVE LTD (Registered number: 10959092)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

IHOME CREATIVE 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

IHOME CREATIVE LTD (Registered number: 10959092)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 October 2022 7,243 73,650 566 81,459
Additions - 30,978 - 30,978
At 30 September 2023 7,243 104,628 566 112,437
DEPRECIATION
At 1 October 2022 1,449 40,896 187 42,532
Charge for year 1,158 12,746 186 14,090
At 30 September 2023 2,607 53,642 373 56,622
NET BOOK VALUE
At 30 September 2023 4,636 50,986 193 55,815
At 30 September 2022 5,794 32,754 379 38,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Trade debtors 24,731 5,866
CIS Debtor (1,563 ) 5,383
VAT - 2,573
Deposit on New Van - 1,000
23,168 14,822

IHOME CREATIVE LTD (Registered number: 10959092)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Bank loans and overdrafts 8,630 10,768
Tax 1,579 (3 )
VAT 10,235 -
Directors' loan accounts 7,536 12,170
Accrued expenses 925 498
28,905 23,433