IRIS Accounts Production v24.1.9.2 SC551853 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5518532022-12-31SC5518532023-12-31SC5518532023-01-012023-12-31SC5518532021-12-31SC5518532022-01-012022-12-31SC5518532022-12-31SC551853ns15:Scotland2023-01-012023-12-31SC551853ns14:PoundSterling2023-01-012023-12-31SC551853ns10:Director12023-01-012023-12-31SC551853ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC551853ns10:SmallEntities2023-01-012023-12-31SC551853ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC551853ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC551853ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC551853ns10:FullAccounts2023-01-012023-12-31SC55185312023-01-012023-12-31SC551853ns10:OrdinaryShareClass12023-01-012023-12-31SC551853ns10:Director22023-01-012023-12-31SC551853ns10:RegisteredOffice2023-01-012023-12-31SC551853ns5:CurrentFinancialInstruments2023-12-31SC551853ns5:CurrentFinancialInstruments2022-12-31SC551853ns5:ShareCapital2023-12-31SC551853ns5:ShareCapital2022-12-31SC551853ns5:RetainedEarningsAccumulatedLosses2023-12-31SC551853ns5:RetainedEarningsAccumulatedLosses2022-12-31SC551853ns5:NetGoodwill2023-01-012023-12-31SC551853ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31SC551853ns5:FurnitureFittings2023-01-012023-12-31SC551853ns5:MotorVehicles2023-01-012023-12-31SC551853ns5:NetGoodwill2022-12-31SC551853ns5:NetGoodwill2023-12-31SC551853ns5:NetGoodwill2022-12-31SC551853ns5:FurnitureFittings2022-12-31SC551853ns5:MotorVehicles2022-12-31SC551853ns5:FurnitureFittings2023-12-31SC551853ns5:MotorVehicles2023-12-31SC551853ns5:FurnitureFittings2022-12-31SC551853ns5:MotorVehicles2022-12-31SC551853ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC551853ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC551853ns10:OrdinaryShareClass12023-12-31SC551853ns5:RetainedEarningsAccumulatedLosses2022-12-31SC551853ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: SC551853 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Homes Connected Ltd

Homes Connected Ltd (Registered number: SC551853)






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


Homes Connected Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J I Haq
K Hussain





REGISTERED OFFICE: Unit 3, Morris Park
37 Rosyth Road
Rutherglen
Glasgow
G5 0YE





REGISTERED NUMBER: SC551853 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Homes Connected Ltd (Registered number: SC551853)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 53,955 53,955
Tangible assets 5 2,346 2,517
56,301 56,472

CURRENT ASSETS
Debtors 6 17,727 17,727
Cash at bank and in hand 112,972 99,925
130,699 117,652
CREDITORS
Amounts falling due within one year 7 80,781 77,541
NET CURRENT ASSETS 49,918 40,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,219

96,583

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 106,119 96,483
SHAREHOLDERS' FUNDS 106,219 96,583

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 directors acknowledge their 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.

Homes Connected Ltd (Registered number: SC551853)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





J I Haq - Director


Homes Connected Ltd (Registered number: SC551853)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Homes Connected 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 53,955
NET BOOK VALUE
At 31 December 2023 53,955
At 31 December 2022 53,955

Homes Connected Ltd (Registered number: SC551853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 3,797 6,097 9,894
Additions 370 - 370
At 31 December 2023 4,167 6,097 10,264
DEPRECIATION
At 1 January 2023 2,365 5,012 7,377
Charge for year 270 271 541
At 31 December 2023 2,635 5,283 7,918
NET BOOK VALUE
At 31 December 2023 1,532 814 2,346
At 31 December 2022 1,432 1,085 2,517

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,573 16,573
Prepayments and accrued income 1,154 1,154
17,727 17,727

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1 -
Tax 11,538 9,244
Social security and other taxes 917 967
VAT 4,640 3,633
Directors' current accounts 59,400 59,400
Accrued expenses 4,285 4,297
80,781 77,541

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

Homes Connected Ltd (Registered number: SC551853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Retained
earnings
£   

At 1 January 2023 96,483
Profit for the year 9,636
At 31 December 2023 106,119