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REGISTERED NUMBER: SC314522 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

House4kids Limited

House4kids Limited (Registered number: SC314522)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


House4kids Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs H A Illingworth
D G M Illingworth
Mrs EM Kobbeltvedt
R Kobbeltvedt





SECRETARY: D G M Illingworth





REGISTERED OFFICE: 121 Ormonde Avenue
Glasgow
G44 3SN





REGISTERED NUMBER: SC314522 (Scotland)





ACCOUNTANTS: McEwen & Company CA
2 Broadcroft
Kirkintilloch
Glasgow
G66 1HP

House4kids Limited (Registered number: SC314522)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,255 98,180

CURRENT ASSETS
Debtors 5 21,582 24,937
Cash at bank and in hand 322,885 254,368
344,467 279,305
CREDITORS
Amounts falling due within one year 6 98,081 107,959
NET CURRENT ASSETS 246,386 171,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,641

269,526

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 349,541 269,426
SHAREHOLDERS' FUNDS 349,641 269,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

House4kids Limited (Registered number: SC314522)

Balance Sheet - continued
31 January 2024


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 28 March 2024 and were signed on its behalf by:





Mrs H A Illingworth - Director


House4kids Limited (Registered number: SC314522)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

House4kids Limited is a private company, limited by shares , registered in Scotland. 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 represents VAT exempt fee income , derived from ordinary activities.

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

Long leasehold - not provided
Improvements to property - 10% on cost
Toys and educational equipment - 33% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

House4kids Limited (Registered number: SC314522)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 39 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 55,305 454,142 509,447
Additions - 19,842 19,842
Disposals - (6,144 ) (6,144 )
At 31 January 2024 55,305 467,840 523,145
DEPRECIATION
At 1 February 2023 - 411,267 411,267
Charge for year - 14,225 14,225
Eliminated on disposal - (5,602 ) (5,602 )
At 31 January 2024 - 419,890 419,890
NET BOOK VALUE
At 31 January 2024 55,305 47,950 103,255
At 31 January 2023 55,305 42,875 98,180

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,975 14,756
Other debtors 19,607 10,181
21,582 24,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 8,131 12,742
Taxation and social security 65,907 50,695
Other creditors 24,043 44,522
98,081 107,959

7. ULTIMATE CONTROLLING PARTY

Mrs HA Illingworth , Mr DGM Illingworth , Mrs EM Kobbeltvedt and Mr R Kobbeltvedt , the directors of the company , own 100% of the shares of the company (25% each) and are therefore the ultimate controlling parties of the company.