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Company Registration No. 06675740 (England and Wales)
HOMEBIRD INTERIORS LTD Unaudited accounts for the year ended 31 October 2023
HOMEBIRD INTERIORS LTD Unaudited accounts Contents
Page
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HOMEBIRD INTERIORS LTD Company Information for the year ended 31 October 2023
Directors
Mrs M Templeton Mrs D Whittaker Mr R I Templeton Mr B Whittaker
Company Number
06675740 (England and Wales)
Registered Office
Swallows Ridge Hollies Lane Wilmslow Cheshire SK9 2BW
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HOMEBIRD INTERIORS LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
618,985 
80,007 
Current assets
Inventories
703,386 
458,752 
Debtors
156,387 
192,624 
Cash at bank and in hand
438,258 
460,656 
1,298,031 
1,112,032 
Creditors: amounts falling due within one year
(1,283,565)
(767,285)
Net current assets
14,466 
344,747 
Total assets less current liabilities
633,451 
424,754 
Provisions for liabilities
Deferred tax
(15,201)
(15,201)
Net assets
618,250 
409,553 
Capital and reserves
Called up share capital
25,000 
25,000 
Profit and loss account
593,250 
384,553 
Shareholders' funds
618,250 
409,553 
For the year ending 31 October 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 31 July 2024 and were signed on its behalf by
Mr R I Templeton Director Company Registration No. 06675740
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HOMEBIRD INTERIORS LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
HOMEBIRD INTERIORS LTD is a private company, limited by shares, registered in England and Wales, registration number 06675740. The registered office is Swallows Ridge, Hollies Lane, Wilmslow, Cheshire, SK9 2BW.
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 remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.
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:
Land & buildings
5 years
Plant & machinery
3 years
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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HOMEBIRD INTERIORS LTD Notes to the Accounts for the year ended 31 October 2023
Leases
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.
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
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
198,790 
4,894 
- 
1,774 
205,458 
Additions
556,287 
- 
7,047 
1,370 
564,704 
At 31 October 2023
755,077 
4,894 
7,047 
3,144 
770,162 
Depreciation
At 1 November 2022
120,297 
4,894 
- 
260 
125,451 
Charge for the year
21,833 
- 
3,153 
740 
25,726 
At 31 October 2023
142,130 
4,894 
3,153 
1,000 
151,177 
Net book value
At 31 October 2023
612,947 
- 
3,894 
2,144 
618,985 
At 31 October 2022
78,493 
- 
- 
1,514 
80,007 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
6,420 
- 
Accrued income and prepayments
13,873 
13,663 
Other debtors
136,094 
178,961 
156,387 
192,624 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
41,086 
34,240 
Trade creditors
361,447 
258,522 
Amounts owed to group undertakings and other participating interests
204,988 
74,428 
Taxes and social security
46,904 
74,561 
Other creditors
- 
42,075 
Loans from directors
396,068 
(23,498)
Accruals
52,400 
38,163 
Deferred income
180,672 
268,794 
1,283,565 
767,285 
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HOMEBIRD INTERIORS LTD Notes to the Accounts for the year ended 31 October 2023
7
Transactions with related parties
At the year end, included within amounts owed to group undertakings the company owed balances to Homebird Group Limited of £60,744 (2022: £74,428) owed to the company. Homebird Furniture and Home Accessories Limited, a company which Mrs M Templeton and Mr R I Templeton are directors owed £5,420 (2021: was owed £42,075) at the year end. Homebird St Annes Limited, a group company, was owed £144,244 (2022: Nil) at the year end. Homebird Online Limited, a company owned by Mr R I Templeton was owed £1,000 (2022: £5,000) at the year end. During the year Acorn Capital Resources Ltd, a company to which Mr I Templeton is also a director, provided services to the company during the year totalling £38,180 (2022: £39,600) As at the year end the company was owed £136,477 (2022: £173,961) from Chlobo Group Limited, a company where Mr R I Templeton is also a director.
8
Controlling party
At the current and proceeding year end the company was 100% owned by Homebird Group Limited. The ultimate controlling parties of Homebird Group Limited are Mrs M Templeton and Mrs D Whittaker.
9
Average number of employees
During the year the average number of employees was 50 (2022: 44).
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