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REGISTERED NUMBER: 11475920 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023

FOR

HOME'S BEST LTD

HOME'S BEST LTD (REGISTERED NUMBER: 11475920)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOME'S BEST LTD

COMPANY INFORMATION
for the Year Ended 31st July 2023







DIRECTORS: Mr Najam Asghar
Mrs Jacqueline Ann Williams
Mrs Caroline Larkin





REGISTERED OFFICE: Home's Best Ltd
50b Liverpool Road
Penwortham
Preston
PR1 0QD





REGISTERED NUMBER: 11475920 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

HOME'S BEST LTD (REGISTERED NUMBER: 11475920)

BALANCE SHEET
31st July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 50,746 8,519

CURRENT ASSETS
Debtors 5 50,447 44,839
Cash at bank and in hand 94,563 61,382
145,010 106,221
CREDITORS
Amounts falling due within one year 6 (89,336 ) (26,376 )
NET CURRENT ASSETS 55,674 79,845
TOTAL ASSETS LESS CURRENT LIABILITIES 106,420 88,364

CREDITORS
Amounts falling due after more than one year 7 (18,331 ) (28,331 )
NET ASSETS 88,089 60,033

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 88,086 60,030
SHAREHOLDERS' FUNDS 88,089 60,033

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

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

HOME'S BEST LTD (REGISTERED NUMBER: 11475920)

BALANCE SHEET - continued
31st July 2023


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 11th April 2024 and were signed on its behalf by:





Mrs Jacqueline Ann Williams - Director


HOME'S BEST LTD (REGISTERED NUMBER: 11475920)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2023


1. STATUTORY INFORMATION

Home's Best Limited is a private company, limited by shares, registered in England and Wales, registered number is 11475920. The registered office and principle place of business is 50b Liverpool Road Liverpool Road, Penwortham, Preston, England, PR1 0QD.

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 amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists the provision of care services, which are recognised at the point of which the services are provided.

Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixtures & fittings-25% on RBM
Motor vehicles-25% on RBM
Computer equipment-25% on RBM

At each balance sheet date, the company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current 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 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.

HOME'S BEST LTD (REGISTERED NUMBER: 11475920)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2023


2. ACCOUNTING POLICIES - continued

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2022 - 886 5,995 9,092 15,973
Additions 34,417 8,592 - 2,077 45,086
At 31st July 2023 34,417 9,478 5,995 11,169 61,059
DEPRECIATION
At 1st August 2022 - 346 3,372 3,736 7,454
Charge for year - 491 656 1,712 2,859
At 31st July 2023 - 837 4,028 5,448 10,313
NET BOOK VALUE
At 31st July 2023 34,417 8,641 1,967 5,721 50,746
At 31st July 2022 - 540 2,623 5,356 8,519

HOME'S BEST LTD (REGISTERED NUMBER: 11475920)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 48,322 43,735
Prepayments 2,125 1,104
50,447 44,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 104
Tax 19,663 3,897
Social security and other taxes 293 261
Other creditors 56,905 -
Pension Fund 634 1,055
Directors' current accounts - 8,959
Accrued expenses 1,841 2,100
89,336 26,376

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 8,331 18,331
18,331 28,331

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3 Ordinary £1.00 3 3