Company Registration No. 06665456 (England and Wales)
Homebird Furniture & Home Accessories Limited
Unaudited accounts
for the year ended 31 October 2023
Homebird Furniture & Home Accessories Limited
Unaudited accounts
Contents
Homebird Furniture & Home Accessories Limited
Company Information
for the year ended 31 October 2023
Directors
Mr I Templeton
Mrs M Templeton
Company Number
06665456 (England and Wales)
Registered Office
Swallows Ridge
Hollies Lane
Wilmslow
SK9 2BW
Accountants
Sarah Winthorpe Accountancy Services Limited
4 Granville Road
Wilmslow
Cheshire
SK9 6LW
Homebird Furniture & Home Accessories Limited
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
48,275
780
Creditors: amounts falling due within one year
(29,392)
(23,972)
Net current assets
18,883
18,883
Called up share capital
200
200
Profit and loss account
18,683
18,683
Shareholders' funds
18,883
18,883
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 I Templeton
Director
Company Registration No. 06665456
Homebird Furniture & Home Accessories Limited
Notes to the Accounts
for the year ended 31 October 2023
Homebird Furniture & Home Accessories Limited is a private company, limited by shares, registered in England and Wales, registration number 06665456. The registered office is Swallows Ridge, Hollies Lane, Wilmslow, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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 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.
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.
On 1 November 2020 the trade and assets of the company was transferred to Homebird Interiors Limited. The company has not traded since.
Amounts falling due within one year
Homebird Furniture & Home Accessories Limited
Notes to the Accounts
for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(28)
(28)
Other creditors
29,420
24,000
6
Transactions with related parties
The directors and shareholders of Homebird Furniture and Home Accessories Limited are also directors of Homebird Group Limited and Homebird Interiors Limited.
At the year end, included within other creditors was a balance due from Homebird Interiors Limited, of £5,420 (2022: other debtors - £42,075) and included in other creditors was balance due to Homebird Group Limited of £24,000 (2022: 24,000)
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).