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REGISTERED NUMBER: 11451561 (England and Wales)



















HOMESTYLE SHUTTERS LTD

CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2022 TO 31 AUGUST 2023






HOMESTYLE SHUTTERS LTD (REGISTERED NUMBER: 11451561)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 31 AUGUST 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


HOMESTYLE SHUTTERS LTD (REGISTERED NUMBER: 11451561)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 7,026

CURRENT ASSETS
Debtors 5 - 14,392
Cash at bank and in hand 100 39,852
100 54,244
CREDITORS
Amounts falling due within one year 6 - 117,489
NET CURRENT ASSETS/(LIABILITIES) 100 (63,245 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

(56,219

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - (56,319 )
SHAREHOLDERS' FUNDS 100 (56,219 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





Mr A Lucas - Director


HOMESTYLE SHUTTERS LTD (REGISTERED NUMBER: 11451561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

Homestyle Shutters Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11451561

Registered office: Unit 13 Earlstrees Court
Earlstrees Road
Corby
Northamptonshire
NN17 4AX

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is derived from sales of building shutters and is recognised when the goods are delivered to the customer. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Tangible fixed assets
Depreciation has not been provided in the period of cessation as all assets are at the end of their useful life and have been scrapped.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


HOMESTYLE SHUTTERS LTD (REGISTERED NUMBER: 11451561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 31 December 2022 12,689
Disposals (12,689 )
At 31 August 2023 -
DEPRECIATION
At 31 December 2022 5,663
Eliminated on disposal (5,663 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 30 December 2022 7,026

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 13,117
Other debtors - 1,275
- 14,392

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account - 3,252
Trade creditors - 19,975
Taxation and social security - 3,414
Other creditors - 90,848
- 117,489

HOMESTYLE SHUTTERS LTD (REGISTERED NUMBER: 11451561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 31 AUGUST 2023

7. RELATED PARTY DISCLOSURES

The Internet Shop Limited
A company under the control of Mr A Lucas and Mrs A Lucas.

Amount due to the related party at the balance sheet date: £nil (2022: £67,298).

No interest is payable on the loan and there are no agreed repayment terms.