IRIS Accounts Production v24.2.0.383 04220689 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042206892022-12-31042206892023-12-31042206892023-01-012023-12-31042206892021-12-31042206892022-01-012022-12-31042206892022-12-3104220689ns15:EnglandWales2023-01-012023-12-3104220689ns14:PoundSterling2023-01-012023-12-3104220689ns10:Director12023-01-012023-12-3104220689ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104220689ns10:SmallEntities2023-01-012023-12-3104220689ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104220689ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104220689ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104220689ns10:FullAccounts2023-01-012023-12-310422068912023-01-012023-12-3104220689ns10:RegisteredOffice2023-01-012023-12-3104220689ns5:CurrentFinancialInstruments2023-12-3104220689ns5:CurrentFinancialInstruments2022-12-3104220689ns5:Non-currentFinancialInstruments2023-12-3104220689ns5:Non-currentFinancialInstruments2022-12-3104220689ns5:ShareCapital2023-12-3104220689ns5:ShareCapital2022-12-3104220689ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3104220689ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3104220689ns5:RetainedEarningsAccumulatedLosses2023-12-3104220689ns5:RetainedEarningsAccumulatedLosses2022-12-3104220689ns5:NetGoodwill2023-01-012023-12-3104220689ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104220689ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3104220689ns5:PlantMachinery2023-01-012023-12-3104220689ns5:FurnitureFittings2023-01-012023-12-3104220689ns5:MotorVehicles2023-01-012023-12-3104220689ns5:NetGoodwill2022-12-3104220689ns5:NetGoodwill2023-12-3104220689ns5:NetGoodwill2022-12-3104220689ns5:LandBuildings2022-12-3104220689ns5:LeaseholdImprovements2022-12-3104220689ns5:PlantMachinery2022-12-3104220689ns5:LandBuildings2023-01-012023-12-3104220689ns5:LeaseholdImprovements2023-01-012023-12-3104220689ns5:LandBuildings2023-12-3104220689ns5:LeaseholdImprovements2023-12-3104220689ns5:PlantMachinery2023-12-3104220689ns5:LandBuildings2022-12-3104220689ns5:LeaseholdImprovements2022-12-3104220689ns5:PlantMachinery2022-12-3104220689ns5:FurnitureFittings2022-12-3104220689ns5:MotorVehicles2022-12-3104220689ns5:ComputerEquipment2022-12-3104220689ns5:ComputerEquipment2023-01-012023-12-3104220689ns5:FurnitureFittings2023-12-3104220689ns5:MotorVehicles2023-12-3104220689ns5:ComputerEquipment2023-12-3104220689ns5:FurnitureFittings2022-12-3104220689ns5:MotorVehicles2022-12-3104220689ns5:ComputerEquipment2022-12-3104220689ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104220689ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104220689ns5:WithinOneYear2023-12-3104220689ns5:WithinOneYear2022-12-3104220689ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-31
REGISTERED NUMBER: 04220689 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Total Home Environment Limited

Total Home Environment Limited (Registered number: 04220689)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Total Home Environment Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: M C Hunt





REGISTERED OFFICE: Kenton House
Oxford Street
Moreton-in-Marsh
GL56 0LA





REGISTERED NUMBER: 04220689 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Total Home Environment Limited (Registered number: 04220689)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 501,365 523,001
501,365 523,001

CURRENT ASSETS
Stocks 210,000 195,062
Debtors 6 294,638 256,693
Cash at bank and in hand 192,434 135,153
697,072 586,908
CREDITORS
Amounts falling due within one year 7 370,020 293,749
NET CURRENT ASSETS 327,052 293,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

828,417

816,160

CREDITORS
Amounts falling due after more than one
year

8

(484,096

)

(489,734

)

PROVISIONS FOR LIABILITIES (43,061 ) (35,510 )
NET ASSETS 301,260 290,916

Total Home Environment Limited (Registered number: 04220689)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 11 129,547 129,547
Retained earnings 170,713 160,369
301,260 290,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





M C Hunt - Director


Total Home Environment Limited (Registered number: 04220689)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Total Home Environment Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 15% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Total Home Environment Limited (Registered number: 04220689)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 16 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 50,000
AMORTISATION
At 1 January 2023
and 31 December 2023 50,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Total Home Environment Limited (Registered number: 04220689)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 475,800 40,000 45,147
Additions - - -
Disposals - - (417 )
At 31 December 2023 475,800 40,000 44,730
DEPRECIATION
At 1 January 2023 51,372 3,200 32,601
Charge for year 6,423 800 3,182
At 31 December 2023 57,795 4,000 35,783
NET BOOK VALUE
At 31 December 2023 418,005 36,000 8,947
At 31 December 2022 424,428 36,800 12,546

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 59,024 34,127 47,193 701,291
Additions 56 - 840 896
Disposals - - - (417 )
At 31 December 2023 59,080 34,127 48,033 701,770
DEPRECIATION
At 1 January 2023 54,864 6,964 29,289 178,290
Charge for year 587 5,119 6,004 22,115
At 31 December 2023 55,451 12,083 35,293 200,405
NET BOOK VALUE
At 31 December 2023 3,629 22,044 12,740 501,365
At 31 December 2022 4,160 27,163 17,904 523,001

Total Home Environment Limited (Registered number: 04220689)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. TANGIBLE FIXED ASSETS - continued

Included in cost of land and buildings is freehold land of £ 154,634 (2022 - £ 154,634 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 213,938 136,392
Other debtors 80,700 120,301
294,638 256,693

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,767 17,995
Trade creditors 45,264 34,331
Taxation and social security 19,692 35,823
Other creditors 287,297 205,600
370,020 293,749

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 285,128 302,734
Other creditors 198,968 187,000
484,096 489,734

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 239,892 246,586

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 3,614 3,023

Total Home Environment Limited (Registered number: 04220689)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 278,729 286,562

The loans have been provided by Lloyds Bank Plc and are secured by a debenture on the company and a fixed and floating charge over Swallow House, Cotswold Business Village, London Road, Moreton-in-Marsh, GL56 0JQ.

11. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 129,547

12. RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year is a director's loan account in the sum of £7,359 (2022: £8,627) which has been provided by a director. The account is unsecured, interest free and carries no fixed date of repayment.

Included within creditors: amounts falling due after more than one year is a loan provided by a connected party of the director in the sum of £198,968 (2022: £187,000). The account is unsecured, accrues interest at a market rate and carries no fixed date of repayment.