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REGISTERED NUMBER: 08073663 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Home-Dry UK Limited

Home-Dry UK Limited (Registered number: 08073663)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Home-Dry UK Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: D Martin





SECRETARY: R Martin





REGISTERED OFFICE: 39a Cranmore Lane
Aldershot
Hampshire
GU11 3AJ





REGISTERED NUMBER: 08073663 (England and Wales)





ACCOUNTANTS: J.Y. Limited
Rangefield Court
Farnham Trading Estate
Farnham
Surrey
GU9 9NP

Home-Dry UK Limited (Registered number: 08073663)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,170 61,415

CURRENT ASSETS
Stocks 2,455 2,578
Debtors 5 89,544 62,362
Cash at bank and in hand 28,538 27,743
120,537 92,683
CREDITORS
Amounts falling due within one year 6 43,118 37,883
NET CURRENT ASSETS 77,419 54,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,589

116,215

CREDITORS
Amounts falling due after more than one
year

7

17,929

11,000
NET ASSETS 133,660 105,215

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 19,985 19,985
Retained earnings 113,575 85,130
SHAREHOLDERS' FUNDS 133,660 105,215

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Home-Dry UK Limited (Registered number: 08073663)

Balance Sheet - continued
31 July 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 director and authorised for issue on 22 October 2024 and were signed by:





D Martin - Director


Home-Dry UK Limited (Registered number: 08073663)

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

1. STATUTORY INFORMATION

Home-Dry UK Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Home-Dry UK Limited (Registered number: 08073663)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 211,410 6,446 11,652 229,508
Additions 61,078 - 640 61,718
Disposals (32,625 ) - - (32,625 )
At 31 July 2024 239,863 6,446 12,292 258,601
DEPRECIATION
At 1 August 2023 153,370 5,281 9,442 168,093
Charge for year 32,588 1,165 1,310 35,063
Eliminated on disposal (18,725 ) - - (18,725 )
At 31 July 2024 167,233 6,446 10,752 184,431
NET BOOK VALUE
At 31 July 2024 72,630 - 1,540 74,170
At 31 July 2023 58,040 1,165 2,210 61,415

Home-Dry UK Limited (Registered number: 08073663)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 30,861
At 31 July 2024 30,861
DEPRECIATION
Eliminated on disposal 7,716
At 31 July 2024 7,716
NET BOOK VALUE
At 31 July 2024 23,145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 63,281 41,615
Other debtors 26,263 20,747
89,544 62,362

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 6,116 -
Trade creditors (1 ) 2,583
Taxation and social security 30,503 20,989
Other creditors 500 8,311
43,118 37,883

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 5,000 11,000
Hire purchase contracts 12,929 -
17,929 11,000

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Martin.