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REGISTERED NUMBER: 11290491 (England and Wales)










Home Design Studio Limited

Unaudited Financial Statements

for the Period 30 April 2022 to 27 April 2023






Home Design Studio Limited (Registered number: 11290491)






Contents of the Financial Statements
for the Period 30 April 2022 to 27 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Home Design Studio Limited

Company Information
for the Period 30 April 2022 to 27 April 2023







DIRECTOR: Mr Ghazanfar Iqbal





REGISTERED OFFICE: 29 -31 Sackville Street
Manchester
United Kingdom
M1 3LZ





REGISTERED NUMBER: 11290491 (England and Wales)






Home Design Studio Limited (Registered number: 11290491)

Balance Sheet
27 April 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 55,000 60,000
Debtors 5 - 153
Cash at bank 579 703
55,579 60,856
CREDITORS
Amounts falling due within one year 6 (110,736 ) (103,313 )
NET CURRENT LIABILITIES (55,157 ) (42,457 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,157

)

(42,457

)

CREDITORS
Amounts falling due after more than one year 7 (44,357 ) (49,634 )
NET LIABILITIES (99,514 ) (92,091 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (99,515 ) (92,092 )
SHAREHOLDERS' FUNDS (99,514 ) (92,091 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Design Studio Limited (Registered number: 11290491)

Balance Sheet - continued
27 April 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 director and authorised for issue on 5 August 2024 and were signed by:





Mr Ghazanfar Iqbal - Director


Home Design Studio Limited (Registered number: 11290491)

Notes to the Financial Statements
for the Period 30 April 2022 to 27 April 2023

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
29-31 Sackville Street
Manchester
M1 3LZ

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Home Design Studio Limited (Registered number: 11290491)

Notes to the Financial Statements - continued
for the Period 30 April 2022 to 27 April 2023

3. ACCOUNTING POLICIES - continued

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts - 153

Home Design Studio Limited (Registered number: 11290491)

Notes to the Financial Statements - continued
for the Period 30 April 2022 to 27 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 61,917 60,192
Taxation and social security 100 -
Other creditors 48,719 43,121
110,736 103,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 44,357 49,634

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary share 1 1 1

The company issued 1 share capital @1 during the year.