Interactive Homes Limited 04522481 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is the design and installation of next generation smart home technologies into new or existing properties Digita Accounts Production Advanced 6.30.9574.0 true true 04522481 2022-05-01 2023-04-30 04522481 2023-04-30 04522481 core:CurrentFinancialInstruments 2023-04-30 04522481 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04522481 core:Non-currentFinancialInstruments 2023-04-30 04522481 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 04522481 bus:SmallEntities 2022-05-01 2023-04-30 04522481 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 04522481 bus:FullAccounts 2022-05-01 2023-04-30 04522481 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 04522481 bus:RegisteredOffice 2022-05-01 2023-04-30 04522481 bus:CompanySecretaryDirector1 2022-05-01 2023-04-30 04522481 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 04522481 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-05-01 2023-04-30 04522481 core:ParentEntities 2022-05-01 2023-04-30 04522481 1 2022-05-01 2023-04-30 04522481 countries:EnglandWales 2022-05-01 2023-04-30 04522481 2021-05-01 2022-04-30 04522481 2022-04-30 04522481 core:CurrentFinancialInstruments 2022-04-30 04522481 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 04522481 core:Non-currentFinancialInstruments 2022-04-30 04522481 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 04522481

Interactive Homes Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Interactive Homes Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Interactive Homes Limited

(Registration number: 04522481)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Current assets

 

Stocks

5

2,000

2,000

Debtors

6

-

56,101

Cash at bank and in hand

 

55,801

30,802

 

57,801

88,903

Creditors: Amounts falling due within one year

7

(12,476)

(29,290)

Total assets less current liabilities

 

45,325

59,613

Creditors: Amounts falling due after more than one year

7

(17,610)

(22,880)

Net assets

 

27,715

36,733

Capital and reserves

 

Called up share capital

401

401

Capital redemption reserve

1

1

Retained earnings

27,313

36,331

Shareholders' funds

 

27,715

36,733

 

Interactive Homes Limited

(Registration number: 04522481)
Balance Sheet as at 30 April 2023

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 March 2024 and signed on its behalf by:
 

.........................................
S N Wells
Company secretary and director

 

Interactive Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of the design and installation of next generation smart home technologies. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Interactive Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Taxation

2023

2022

£

£

Corporation tax

3,804

(1,803)

Deferred tax

-

-

3,804

(1,803)

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Interactive Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

5

Stocks

2023
£

2022
£

Other inventories

2,000

2,000

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

-

26,490

Amounts owed by related parties

9

-

29,611

   

-

56,101

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

2,668

-

Trade creditors

1,094

1,447

Amounts owed to group undertakings and undertakings in which the company has a participating interest

2,832

15,520

Taxation and social security

4,581

10,871

Other creditors

1,301

1,452

12,476

29,290

 

Interactive Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

17,610

22,880

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

2,668

-

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

17,610

22,880

9

Related party transactions

Summary of transactions with parent

During the year, Mitrium Holdings Limited (MHL) charged Interactive Homes Limited (IH) £5,400 (2022: £5,400) for management services, of which £5,400 was paid during the year. An amount of £12,281 (2022: £10,798) was transferred to MHL in respect of the group VAT. MHL also incurred expenses on behalf of IH totalling £2,454 (2022: £2,796). At the balance sheet date, the amount of £2,832 (2022: £15,520) was due to Mitrium Holdings Limited
 

Summary of transactions with entities with joint control or significant interest

During the year Polar Bear Design Limited (PBD), a company also controlled by the same parent company, made payments on behalf of Interactive Homes Limited totalling £3,145 (2022:£2,621). At the balance sheet date nil (2022: £29,611) remains due to Interactive Homes Limited.
 

10

Parent and ultimate parent undertaking

The company's immediate parent is Mitrium Holdings Limited, incorporated in England and Wales.