Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 April 2022 false 1 January 2023 31 December 2023 31 December 2023 11421799 Jennifer Cattlin Mads Christoffer Dal Wojciech Marcin Fraczyk TBHC Global Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11421799 2022-12-31 11421799 2023-12-31 11421799 2023-01-01 2023-12-31 11421799 frs-core:CurrentFinancialInstruments 2023-12-31 11421799 frs-core:Non-currentFinancialInstruments 2023-12-31 11421799 frs-core:BetweenOneFiveYears 2023-12-31 11421799 frs-core:ComputerEquipment 2023-12-31 11421799 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11421799 frs-core:ComputerEquipment 2022-12-31 11421799 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 11421799 frs-core:FurnitureFittings 2023-12-31 11421799 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11421799 frs-core:FurnitureFittings 2022-12-31 11421799 frs-core:MotorVehicles 2023-12-31 11421799 frs-core:MotorVehicles 2023-01-01 2023-12-31 11421799 frs-core:MotorVehicles 2022-12-31 11421799 frs-core:OtherResidualIntangibleAssets 2023-12-31 11421799 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 11421799 frs-core:OtherResidualIntangibleAssets 2022-12-31 11421799 frs-core:PlantMachinery 2023-12-31 11421799 frs-core:PlantMachinery 2023-01-01 2023-12-31 11421799 frs-core:PlantMachinery 2022-12-31 11421799 frs-core:WithinOneYear 2023-12-31 11421799 frs-core:ShareCapital 2023-12-31 11421799 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11421799 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11421799 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11421799 frs-bus:SmallEntities 2023-01-01 2023-12-31 11421799 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11421799 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11421799 1 2023-01-01 2023-12-31 11421799 frs-bus:Director1 2023-01-01 2023-12-31 11421799 frs-bus:Director1 2022-12-31 11421799 frs-bus:Director1 2023-12-31 11421799 frs-bus:Director2 2023-01-01 2023-12-31 11421799 frs-bus:Director3 2023-01-01 2023-12-31 11421799 frs-countries:EnglandWales 2023-01-01 2023-12-31 11421799 2022-03-31 11421799 2022-12-31 11421799 2022-04-01 2022-12-31 11421799 frs-core:CurrentFinancialInstruments 2022-12-31 11421799 frs-core:Non-currentFinancialInstruments 2022-12-31 11421799 frs-core:BetweenOneFiveYears 2022-12-31 11421799 frs-core:WithinOneYear 2022-12-31 11421799 frs-core:ShareCapital 2022-12-31 11421799 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11421799
The Better Home Company London Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Square Mile Accounting Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11421799
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,226 6,732
Tangible Assets 5 35,085 52,221
37,311 58,953
CURRENT ASSETS
Work in Progress 6 213,695 62,262
Debtors 7 690,028 399,579
Cash at bank and in hand 170,412 129,524
1,074,135 591,365
Creditors: Amounts Falling Due Within One Year 8 (931,991 ) (443,707 )
NET CURRENT ASSETS (LIABILITIES) 142,144 147,658
TOTAL ASSETS LESS CURRENT LIABILITIES 179,455 206,611
Creditors: Amounts Falling Due After More Than One Year 9 (125,365 ) (176,438 )
NET ASSETS 54,090 30,173
CAPITAL AND RESERVES
Called up share capital 11 74,000 74,000
Profit and Loss Account (19,910 ) (43,827 )
SHAREHOLDERS' FUNDS 54,090 30,173
Page 1
Page 2
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mads Christoffer Dal
Director
19th August 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Better Home Company London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11421799 . The registered office is Morie Street Studios 4 Morie Street, Studio 6, London, SW18 1SL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Website development costs are included at cost less accumulated amortisation.
The costs are amortised over 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Depreciated straight line over 2.5 years
Motor Vehicles Depreciated straight line over 42 months
Fixtures & Fittings Depreciated straight line over 13 years
Computer Equipment Depreciated straight line over 2 years
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 10)
10 10
Page 3
Page 4
4. Intangible Assets
Website development
£
Cost
As at 1 January 2023 42,400
Additions 1,618
Disposals (20,857 )
As at 31 December 2023 23,161
Amortisation
As at 1 January 2023 35,668
Provided during the period 6,124
Disposals (20,857 )
As at 31 December 2023 20,935
Net Book Value
As at 31 December 2023 2,226
As at 1 January 2023 6,732
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 22,960 60,108 23,227 7,219 113,514
Additions 631 15,740 - 20,407 36,778
Disposals (9,845 ) (53,735 ) - (5,580 ) (69,160 )
As at 31 December 2023 13,746 22,113 23,227 22,046 81,132
Depreciation
As at 1 January 2023 14,905 37,830 3,233 5,325 61,293
Provided during the period 5,965 7,371 3,076 7,460 23,872
Disposals (9,845 ) (23,985 ) - (5,288 ) (39,118 )
As at 31 December 2023 11,025 21,216 6,309 7,497 46,047
Net Book Value
As at 31 December 2023 2,721 897 16,918 14,549 35,085
As at 1 January 2023 8,055 22,278 19,994 1,894 52,221
6. Work in Progress
31 December 2023 31 December 2022
£ £
Work in progress 213,695 62,262
Page 4
Page 5
7. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 429,317 242,306
Prepayments and accrued income 38,285 23,054
Other debtors 30,137 91,068
Amounts owed by group undertakings 192,289 43,151
690,028 399,579
8. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 9,644 5,021
Trade creditors 277,278 122,820
Bank loans and overdrafts 50,184 59,419
Other taxes and social security 57,993 49,168
VAT 228,154 100,104
Other creditors 30,448 5,301
Accruals and deferred income 276,768 101,874
Directors' loan accounts 1,522 -
931,991 443,707
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,702 13,077
Bank loans 112,663 163,361
125,365 176,438
Bank loans include an amount of £124,555 with an interest rate of 12.10%, due back over monthly repayments till June 2027 and an amount of £38,613 with an interest rate of 2.5%, due back over monthly repayments till June 2030.
10. Obligations Under Finance Leases and Hire Purchase
31 December 2023 31 December 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,644 5,021
Later than one year and not later than five years 12,702 13,077
22,346 18,098
22,346 18,098
Page 5
Page 6
11. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 74,000 74,000
12. Other Commitments
The company signed a new lease in March 2024 for 2 years with payments due of £69,741 over the life of the lease. 
31 December 2023 31 December 2022
£ £
Later than one year and not later than five years 69,741 -
69,741 -
13. Directors Advances, Credits and Guarantees
Transactions with the Directors are as follows:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Mads Dal 858 - (461 ) - 397
The above loan is unsecured, interest free and repayable on demand.
14. Related Party Transactions
Included in Debtors due within one year are the following loans owed to the company at the reporting date:
West London Windows Doors and Joinery Ltd - £53,170 (2022: £0)
TBHC Global Ltd - £116,881 (2022: £1,200)
Arne Property Ltd - £22,029 (2022: £0)
The following director loan was owed by the company at the reporting date:
Mr Wojciech Fraczyk - £1,522 (2022: (£17,421))
All above loans are unsecured, interest free and repayable on demand.
15. Ultimate Controlling Party
The company's ultimate controlling parent is TBHC Global Ltd by virtue of ownership of 100% of the issued share capital in the company. The controlling parties are Mads Dal and Emilie Dal.
16. Short Period of Accounts
The 2022 reporting period covers the year from 1st April 2022 to 31st December 2022, whereas the 2023 reporting period covers the period from 1st January 2023 to 31st December 2023; therefore, the prior year figures are not directly comparable.
Page 6