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REGISTERED NUMBER: 11882595 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Homemore Ltd

Homemore Ltd (Registered number: 11882595)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Homemore Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A Waggitt
Mrs J J Waggitt
Mr B E R Fellows





REGISTERED OFFICE: Rowan House
7 West Bank
Scarborough
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 11882595 (England and Wales)





ACCOUNTANTS: Asquith & Co Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Homemore Ltd (Registered number: 11882595)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,888 71,098

CURRENT ASSETS
Stocks 34,013 35,625
Debtors 5 639,908 457,823
Cash at bank and in hand 15,002 42,473
688,923 535,921
CREDITORS
Amounts falling due within one year 6 413,253 279,949
NET CURRENT ASSETS 275,670 255,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,558

327,070

CREDITORS
Amounts falling due after more than one
year

7

(32,893

)

(38,621

)

PROVISIONS FOR LIABILITIES (14,730 ) (12,530 )
NET ASSETS 294,935 275,919

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 294,835 275,819
SHAREHOLDERS' FUNDS 294,935 275,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Homemore Ltd (Registered number: 11882595)

Balance Sheet - continued
31 March 2024


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 2 September 2024 and were signed on its behalf by:




Mr A Waggitt - Director Mrs J J Waggitt - Director




Mr B E R Fellows - Director


Homemore Ltd (Registered number: 11882595)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Homemore Ltd 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.

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 and 15% 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.

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.

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.

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 23 (2023 - 15 ) .

Homemore Ltd (Registered number: 11882595)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 96,658
Additions 22,137
Disposals (11,312 )
At 31 March 2024 107,483
DEPRECIATION
At 1 April 2023 25,560
Charge for year 15,035
At 31 March 2024 40,595
NET BOOK VALUE
At 31 March 2024 66,888
At 31 March 2023 71,098

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 62,522 43,646
Other debtors 577,386 414,177
639,908 457,823

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,768 5,618
Trade creditors 63,554 61,127
Taxation and social security 213,774 120,743
Other creditors 130,157 92,461
413,253 279,949

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 32,893 38,621

Homemore Ltd (Registered number: 11882595)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr A Waggitt and Mrs J J Waggitt
Balance outstanding at start of year 35,370 71,091
Amounts advanced 59,402 58,331
Amounts repaid (55,500 ) (94,052 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,272 35,370

Mr B E R Fellows
Balance outstanding at start of year - -
Amounts advanced 22,000 -
Amounts repaid (15,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,000 -

9. RELATED PARTY DISCLOSURES

During the year the company loaned monies to Kronomeeter No3 Ltd. The amount outstanding at the year end date was £194,796 (2023: £165,547). The loan is interest free and repayable on demand.

During the year the company loaned monies to Wheelhouse Pilot Ltd. The amount outstanding at the year end date was £259,954 (2023: £185,236). The loan is interest free and repayable on demand.

During the year the company loaned monies to Sekstant No1 Ltd. The amount outstanding at the year end date was £420 (2023: £420). The loan is interest free and repayable on demand.

During the year the company loaned monies to Homemore Boost Ltd. The amount outstanding at the year end date was £1,035 (2023: £929). The loan is interest free and repayable on demand.

During the year the company loaned monies to The Yorkshire Glutton Company Ltd. The amount outstanding at the year end date was £376 (2023: £270). The loan is interest free and repayable on demand.

During the year the company loaned monies to Homemore Stay Ltd. The amount outstanding at the year end date was £67,878 (2023: £376). The loan is interest free and repayable on demand.

During the year the company loaned monies to Homemore Care Ltd. The amount outstanding at the year end date was £496 (2023: £376). The loan is interest free and repayable on demand.

During the year the company loaned monies to The Craine Ltd. The amount outstanding at the year end date was £420 (2023: £420). The loan is interest free and repayable on demand.

During the year the company loaned monies from Wheelhouse Argosy Ltd. The amount outstanding at the year end date was £40,376 (2023: £31,241). The loan is interest free and repayable on demand.

During the year the company loaned monies from Wheelhouse Flotilla Ltd. The amount outstanding at the year end date was £26,330 (2023: £27,330). The loan is interest free and repayable on demand.

During the year the company loaned monies from Hackness Strata Ltd. The amount outstanding at the year end date was £7,279 (2023: £1,055). The loan is interest free and repayable on demand.