Homestyle Plastics Limited |
Registered Number:04310649 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
Homestyle Plastics Limited
Contents Page
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Statement of Financial Position
3 to 5
Notes to the Financial Statements
Homestyle Plastics Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
387,796
393,789
3
387,796
393,789
4,500
4,500
4
Trade and other receivables |
577,238
572,888
5
283,187
Cash and cash equivalents |
128,568
705,956
864,925
Trade and other payables: amounts falling due within one |
year |
(526,006)
(401,335)
6
338,919
304,621
Net current assets
Total assets less current liabilities |
692,417
732,708
Trade and other payables: amounts falling due after more |
than one year |
(54,195)
(65,267)
7
(9,681)
(9,681)
Provisions for liabilities |
617,469
Net assets
668,832
10
10
77,472
77,472
8
539,987
591,350
617,469
668,832
Shareholders' funds
For the year ended 31 December 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 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 proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 December 2023
Homestyle Plastics Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 20 September 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
Homestyle Plastics Limited
Notes to the Financial Statements
Statutory Information
Homestyle Plastics Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 04310649. |
Angel House
Hardwick
Witney
Oxon
OX29 7QE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and |
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Showroom costs
Motor vehicles
Fixtures & fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2023
Homestyle Plastics Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
109,998
109,998
109,998
109,998
-
-
3. Property, plant and equipment |
552,800
121,489
56,309
375,002
375,002
56,309
121,489
552,800
Provision for depreciation and impairment |
159,011
109,814
49,197
-
Charge for year
5,993
4,926
1,067
-
165,004
114,740
50,264
-
375,002
6,045
6,749
387,796
375,002
7,112
11,675
393,789
2022
2023
4,500
4,500
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For the year ended 31 December 2023
Homestyle Plastics Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
5,140
4,010
Amounts owed by group undertakings and participating interests |
486,330
486,330
81,418
86,898
577,238
572,888
6. Trade and other payables: amounts falling due within one year |
2022
2023
30,539
20,720
38,644
75,231
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
244,904
244,904
Taxation and social security |
40,197
80,993
47,051
104,158
401,335
526,006
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
65,267
54,195
Revaluation reserve at 01 January 2023 |
77,472
77,472
Revaluation reserve at 31 December 2023 |
9. Average number of persons employed |
During the year the average number of employees was 7 (2022 : 8)
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