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REGISTERED NUMBER: SC444162 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Homequest Home Improvements Ltd

Homequest Home Improvements Ltd (Registered number: SC444162)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Homequest Home Improvements Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: G Morrison





REGISTERED OFFICE: 7 Ythan Terrace
Ellon
AB41 9LJ





REGISTERED NUMBER: SC444162 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Homequest Home Improvements Ltd (Registered number: SC444162)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,750 -

CURRENT ASSETS
Stocks 106,020 51,661
Debtors 5 4,094 11,488
Cash at bank and in hand 7,758 14,066
117,872 77,215
CREDITORS
Amounts falling due within one year 6 376,822 346,089
NET CURRENT LIABILITIES (258,950 ) (268,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(243,200

)

(268,874

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (243,300 ) (268,974 )
SHAREHOLDERS' FUNDS (243,200 ) (268,874 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Homequest Home Improvements Ltd (Registered number: SC444162)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





G Morrison - Director


Homequest Home Improvements Ltd (Registered number: SC444162)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Homequest Home Improvements Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Homequest Home Improvements Ltd (Registered number: SC444162)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 37,660
Additions 21,000
At 30 November 2023 58,660
DEPRECIATION
At 1 December 2022 37,660
Charge for year 5,250
At 30 November 2023 42,910
NET BOOK VALUE
At 30 November 2023 15,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,392 8,786
Other debtors 2,702 2,702
4,094 11,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 26,667 36,667
Hire purchase contracts 18,604 -
Trade creditors 212,571 174,933
Taxation and social security 79,479 79,384
Other creditors 39,501 55,105
376,822 346,089

7. RELATED PARTY DISCLOSURES

Mr Gary Morrison (director) provided the company with an interest free loan. The balance at the period end is £76,389.07 and is recorded within Other creditors.

8. ULTIMATE CONTROLLING PARTY

The controlling party is G Morrison.