Registered number
06180957
Homecall Carpets (Sussex) Ltd
Filleted Accounts
31 March 2024
Homecall Carpets (Sussex) Ltd
Registered number: 06180957
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 21,251 31,841
Current assets
Stocks 20,000 20,000
Cash at bank and in hand 73,652 69,389
93,652 89,389
Creditors: amounts falling due within one year 5 (142,838) (122,586)
Net current liabilities (49,186) (33,197)
Total assets less current liabilities (27,935) (1,356)
Creditors: amounts falling due after more than one year 6 5,087 1,554
Net (liabilities)/assets (22,848) 198
Capital and reserves
Called up share capital 2 2
Profit and loss account (22,850) 196
Shareholders' funds (22,848) 198
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M A Barrett
Director
Approved by the board on 16 October 2024
Homecall Carpets (Sussex) Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 3 to 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 59,000
At 31 March 2024 59,000
Amortisation
At 1 April 2023 59,000
At 31 March 2024 59,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 50,212 33,435 83,647
Additions 850 - 850
At 31 March 2024 51,062 33,435 84,497
Depreciation
At 1 April 2023 43,447 8,359 51,806
Charge for the year 3,081 8,359 11,440
At 31 March 2024 46,528 16,718 63,246
Net book value
At 31 March 2024 4,534 16,717 21,251
At 31 March 2023 6,765 25,076 31,841
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 51,600 66,732
Other taxes and social security costs 23,357 23,818
Other creditors 67,881 32,036
142,838 122,586
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Loan Account (24,045) (24,045)
Other creditors 18,958 22,491
(5,087) (1,554)
7 Other information
Homecall Carpets (Sussex) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit V21
S M Tidy Industrial Estate
Hassocks
West Sussex
BN6 8SG
Homecall Carpets (Sussex) Ltd 06180957 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Mrs M A Barrett No description of principal activity 06180957 2022-04-01 2023-03-31 06180957 core:WithinOneYear 2023-03-31 06180957 core:AfterOneYear 2023-03-31 06180957 core:ShareCapital 2023-03-31 06180957 core:RetainedEarningsAccumulatedLosses 2023-03-31 06180957 2023-04-01 2024-03-31 06180957 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06180957 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06180957 bus:Director40 2023-04-01 2024-03-31 06180957 1 2023-04-01 2024-03-31 06180957 2 2023-04-01 2024-03-31 06180957 core:PlantMachinery 2023-04-01 2024-03-31 06180957 core:Vehicles 2023-04-01 2024-03-31 06180957 countries:England 2023-04-01 2024-03-31 06180957 bus:FRS102 2023-04-01 2024-03-31 06180957 bus:FilletedAccounts 2023-04-01 2024-03-31 06180957 2024-03-31 06180957 core:WithinOneYear 2024-03-31 06180957 core:AfterOneYear 2024-03-31 06180957 core:ShareCapital 2024-03-31 06180957 core:RetainedEarningsAccumulatedLosses 2024-03-31 06180957 core:Goodwill 2024-03-31 06180957 core:PlantMachinery 2024-03-31 06180957 core:Vehicles 2024-03-31 06180957 2023-03-31 06180957 core:Goodwill 2023-03-31 06180957 core:PlantMachinery 2023-03-31 06180957 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure