HOMELIFE (LEEDS) LIMITED

Company Registration Number:
06498319 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

HOMELIFE (LEEDS) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

HOMELIFE (LEEDS) LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 31,136 38,936
Tangible assets: 4 10,953 8,851
Total fixed assets: 42,089 47,787
Current assets
Debtors: 5 2,827 2,827
Cash at bank and in hand: 74,260 77,647
Total current assets: 77,087 80,474
Creditors: amounts falling due within one year:   (52,904) (55,338)
Net current assets (liabilities): 24,183 25,136
Total assets less current liabilities: 66,272 72,923
Creditors: amounts falling due after more than one year:   (23,673) (37,494)
Total net assets (liabilities): 42,599 35,429
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 42,499 35,329
Shareholders funds: 42,599 35,429

The notes form part of these financial statements

HOMELIFE (LEEDS) LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 July 2024
and signed on behalf of the board by:

Name: Gurdial Singh Digwa and Edward Pollard
Status: Director

The notes form part of these financial statements

HOMELIFE (LEEDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HOMELIFE (LEEDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 22 23

HOMELIFE (LEEDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 155,883
At 31 March 2024 155,883
Amortisation
At 01 April 2023 116,947
Charge for year 7,800
At 31 March 2024 124,747
Net book value
At 31 March 2024 31,136
At 31 March 2023 38,936

HOMELIFE (LEEDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 79,111
Additions 4,616
At 31 March 2024 83,727
Depreciation
At 01 April 2023 70,260
Charge for year 2,514
At 31 March 2024 72,774
Net book value
At 31 March 2024 10,953
At 31 March 2023 8,851

HOMELIFE (LEEDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 2,827 2,827

HOMELIFE (LEEDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Financial commitments

A fixed and floating charge over the assets of the company was created by National Westminster Bank PLC on 16th February 2016. A Debenture to Barclays Bank PLC was created over all assets of the company on the 26th June 2013 to secure personal borrowing s of the Directors.

HOMELIFE (LEEDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Loans to directors

Name of director receiving advance or credit: Gurdial SIngh Digwa
Description of the loan: advance on loan account
£
Balance at 01 April 2023 3,484
Advances or credits made: 0
Advances or credits repaid: 3,000
Balance at 31 March 2024 484
Name of director receiving advance or credit: Edward Pollard
Description of the loan: advances on directors account
£
Balance at 01 April 2023 22,359
Advances or credits repaid: 3,000
Balance at 31 March 2024 19,359