11 July 2022 false No description of principal activity Taxfiler 2023.15 14226020business:PrivateLimitedCompanyLtd2022-07-112023-07-31 142260202022-07-10 142260202022-07-112023-07-31 14226020business:AuditExemptWithAccountantsReport2022-07-112023-07-31 14226020business:FilletedAccounts2022-07-112023-07-31 142260202023-07-31 14226020business:Director12022-07-112023-07-31 14226020business:Director22022-07-112023-07-31 14226020business:RegisteredOffice2022-07-112023-07-31 14226020core:WithinOneYear2023-07-31 14226020core:AfterOneYear2023-07-31 14226020core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 14226020core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 14226020core:PreviouslyStatedAmount2023-07-31 14226020business:SmallEntities2022-07-112023-07-31 14226020countries:EnglandWales2022-07-112023-07-31 14226020core:PlantMachinery2022-07-112023-07-31 14226020core:MotorVehicles2022-07-112023-07-31 14226020core:ComputerEquipment2022-07-112023-07-31 14226020core:PlantMachinery2022-07-10 14226020core:MotorVehicles2022-07-10 14226020core:ComputerEquipment2022-07-10 14226020core:PlantMachinery2023-07-31 14226020core:MotorVehicles2023-07-31 14226020core:ComputerEquipment2023-07-31 14226020business:OrdinaryShareClass12022-07-112023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14226020 (England and Wales)
Lodge & Home Specialists Limited Unaudited accounts for the period from 11 July 2022 to 31 July 2023
Lodge & Home Specialists Limited Unaudited accounts Contents
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Lodge & Home Specialists Limited Company Information for the period from 11 July 2022 to 31 July 2023
Directors
Miss H Winship Mr D Young
Company Number
14226020 (England and Wales)
Registered Office
20 Blandford Close Bransholme Hull HU7 6AB England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Lodge & Home Specialists Limited Statement of financial position as at 31 July 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
36,678 
Current assets
Inventories
500 
Debtors
30,988 
Cash at bank and in hand
29,704 
61,192 
Creditors: amounts falling due within one year
(57,337)
Net current assets
3,855 
Total assets less current liabilities
40,533 
Creditors: amounts falling due after more than one year
(10,649)
Provisions for liabilities
Deferred tax
(6,969)
Net assets
22,915 
Capital and reserves
Called up share capital
10 
Profit and loss account
22,905 
Shareholders' funds
22,915 
For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by
Miss H Winship Director Company Registration No. 14226020
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Lodge & Home Specialists Limited Notes to the Accounts for the period from 11 July 2022 to 31 July 2023
1
Statutory information
Lodge & Home Specialists Limited is a private company, limited by shares, registered in England and Wales, registration number 14226020. The registered office is 20 Blandford Close, Bransholme, Hull, HU7 6AB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Cost
Motor vehicles
20% WDV
Computer equipment
25% Cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Lodge & Home Specialists Limited Notes to the Accounts for the period from 11 July 2022 to 31 July 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 11 July 2022
- 
- 
- 
- 
Additions
7,712 
33,149 
1,447 
42,308 
At 31 July 2023
7,712 
33,149 
1,447 
42,308 
Depreciation
Charge for the period
276 
5,289 
65 
5,630 
At 31 July 2023
276 
5,289 
65 
5,630 
Net book value
At 31 July 2023
7,436 
27,860 
1,382 
36,678 
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
27,838 
Other debtors
3,150 
30,988 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
15,516 
Obligations under finance leases and hire purchase contracts
12,093 
Trade creditors
432 
Taxes and social security
11,013 
Other creditors
1,236 
Loans from directors
17,047 
57,337 
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Lodge & Home Specialists Limited Notes to the Accounts for the period from 11 July 2022 to 31 July 2023
7
Creditors: amounts falling due after more than one year
2023 
£ 
Obligations under finance leases and hire purchase contracts
10,649 
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
9
Average number of employees
During the period the average number of employees was 5.
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