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Registered Number: 14161472
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2023

for

REBORN HOMEWARES LTD

Director Brian Walmsley
Registered Number 14161472
Registered Office 7 Bell Yard
London
WC2A 2JR
Accountants Strata Accountants Limited
Milton Park Inn Centre
99 Park Drive
Abingdon
OX14 4RY
1
Director's report and financial statements
The director presents their annual report and the financial statements for the year ended 31 December 2023.
Principal activities
Principal activity of the company during the financial year was production and sales of kitchen homewares.
Director
The director who served the company throughout the year was as follows:
Brian Walmsley
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Brian Walmsley
Director

Date approved: 03 April 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 137,501   
137,501   
Current assets      
Stocks 4 63,757   
Debtors 5 140,006   
Cash at bank and in hand 162,535   
366,298   
Creditors: amount falling due within one year 6 (152,362)   (21,333)
Net current assets 213,936    (21,333)
 
Total assets less current liabilities 351,437    (21,333)
Net assets 351,437    (21,333)
 

Capital and reserves
     
Called up share capital 7 187    100 
Share premium account 8 509,939   
Profit and loss account (158,689)   (21,433)
Shareholder's funds 351,437    (21,333)
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 03 April 2024 and were signed by:


-------------------------------
Brian Walmsley
Director
3
General Information
Reborn Homewares Ltd is a private company, limited by shares, registered in England and Wales, registration number 14161472, registration address 7 Bell Yard, London, WC2A 2JR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 4 years Straight Line
Fixtures and Fittings 4 years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 January 2023    
Additions 150,085    3,327    153,412 
Disposals    
At 31 December 2023 150,085    3,327    153,412 
Depreciation
At 01 January 2023    
Charge for year 15,634    277    15,911 
On disposals    
At 31 December 2023 15,634    277    15,911 
Net book values
Closing balance as at 31 December 2023 134,451    3,050    137,501 
Opening balance as at 01 January 2023    


4.

Stocks

2023
£
  2022
£
Stocks 63,757   
63,757   

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 91,985   
Prepayments & Accrued Income 343   
Other Debtors 47,678   
140,006   

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 51,447   
Accrued Expenses 30,687   
Other Creditors 39,264    23,598 
Directors' Current Accounts 35,491   
VAT Control Account (4,527)   (2,265)
152,362    21,333 

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1,868,563 Class A shares of £0.0001 each 187    100 
187    100 

8.

Share premium account

2023
£
  2022
£
Equity Share Premium - New Issue 509,939   
509,939   

4