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REGISTERED NUMBER: 08885099 (England and Wales)














Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 January 2024

for

Online Home Shop Limited

Online Home Shop Limited (Registered number: 08885099)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 9

Balance Sheet 10

Notes to the Financial Statements 11


Online Home Shop Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M Cohen
M Cohen



REGISTERED OFFICE: Pin Mill House
Priestley Road
Worsley
Greater Manchester
M28 2LX



REGISTERED NUMBER: 08885099 (England and Wales)



SENIOR STATUTORY AUDITOR: Ian Sluckis BA FCA



AUDITORS: Freedman Frankl & Taylor
Statutory Auditors
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Online Home Shop Limited (Registered number: 08885099)

Strategic Report
for the Year Ended 31 January 2024

The directors present their strategic report for the year ended 31 January 2024.

The principal activities of the company during the year continued to be online retail of homewares.

REVIEW OF BUSINESS
The Directors are pleased to report there has been a 39.2% increase in turnover during the year to £47.8m, which is mostly attributable to growth of the group's own website through increasing the customer base, repeat purchases and expanding into new product categories as well as expansion into a number of new online marketplaces.

Gross Profit for the year is 23.4% which is 2.7% points down on the prior year which reflects the increased supply chain costs during the year caused by macro-economic factors and continued investment in operational facilities to support the current and continued growth.

The operating profit margin of the company was 8.7% which reflects a significant investment in the infrastructure and leadership of the business to support the rapid growth in turnover in recent years. This investment has provided a more robust platform to support the continued growth in the company.

The net profit before taxation of the company was £4.2m which is £1.3m down on the prior year due to the above investment.

During the year the employee headcount increased to 148 overall. The company continues to invest in recruiting highly skilled, professional staff and strengthened the leadership team across all key internal functions to provide a strong organisational structure and capabilities to enable future business opportunities and support the company's growth.

The business closed the year with a strong balance sheet and healthy cash flow position.


Development and Performance of the Business
The company success is driven by our strength in securing high quality products that can be sold at best value prices to a loyal and growing customer base. Keeping up to date with latest trends and marketing our products across various digital platforms allows the business to stay relevant and maintain a profile that facilitates positive trading performance.

Costs are continually monitored with bench marking exercises being undertaken on a regular basis to determine best price / best service both in terms of stock purchases and overhead costs.

Stock management to ensure an efficient cycle is a constant activity, underpinned by strong supplier relationships and internal data analysis which is utilised to inform decision making.

PRINCIPAL RISKS AND UNCERTAINTIES
The business monitors any key principal risks that could be considered material to have an adverse effect on its activities. The directors and senior management are able to do this by reviewing operational and financial performance to identify any such risks. This is a key point of discussion in management meetings and is always high priority as one of the main areas for consideration. As well as recognising any new challenges, the company strives to adopt current best practice within its market sector.

The business always endeavours to identify any potential risks to activities and adapt the workplace if required for its employees and processes, to enable continuity and support growth.

The business will continue to make key strategic decisions based on the constant changes which are presented.

WORKING CAPITAL
The Company meets its day to day working capital requirements through regular receipts from online customers, and trade credit terms secured from suppliers. Sales to other businesses are closely monitored to ensure adherence to agreed credit terms. Stock is regularly reviewed for accuracy, efficiency and ensure that the valuations are in line with UK accounting standards and is deemed fully recoverable.


Online Home Shop Limited (Registered number: 08885099)

Strategic Report
for the Year Ended 31 January 2024

CORPORATE AND SOCIAL RESPONSIBILITY
The company recognises its responsibilities in terms of equality and human rights towards its employees and individuals involved with the company. To these ends a high priority is given to ethical considerations in supplier and employee selection and partnership. The company has well established principles in respect of employee welfare and respect for the community. The company is aware of its environmental responsibilities and operates best practices to fulfil these.

ON BEHALF OF THE BOARD:





M Cohen - Director


28 October 2024

Online Home Shop Limited (Registered number: 08885099)

Report of the Directors
for the Year Ended 31 January 2024

The directors present their report with the financial statements of the company for the year ended 31 January 2024.

DIVIDENDS
An interim dividend of £24,100 per share was paid on 6 October 2023. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 January 2024 will be £ 2,411,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

M Cohen
M Cohen

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





M Cohen - Director


28 October 2024

Report of the Independent Auditors to the Members of
Online Home Shop Limited

Opinion
We have audited the financial statements of Online Home Shop Limited (the 'company') for the year ended 31 January 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 January 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Online Home Shop Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Online Home Shop Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

Audit response to risks identified
- the nature of the industry and sector, control environment and business performance;
- results of enquiries of management about their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
- the matters discussed among the audit engagement team and involving other internal specialists including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risks of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

Audit response to risks identified
As a result of performing the above, we did not identify any key audit matters related to the potential risk of fraud.

Our procedures to respond to risks identified included the following:
- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and
- in addressing the risks of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Online Home Shop Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Ian Sluckis BA FCA (Senior Statutory Auditor)
for and on behalf of Freedman Frankl & Taylor
Statutory Auditors
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

28 October 2024

Online Home Shop Limited (Registered number: 08885099)

Statement of Income and
Retained Earnings
for the Year Ended 31 January 2024

2024 2023
Notes £    £   

TURNOVER 2 47,764,497 34,315,185

Cost of sales 36,579,668 25,350,431
GROSS PROFIT 11,184,829 8,964,754

Administrative expenses 7,468,585 3,729,504
3,716,244 5,235,250

Other operating income 462,143 240,461
OPERATING PROFIT 4 4,178,387 5,475,711

Interest receivable and similar income 12,173 -
4,190,560 5,475,711

Interest payable and similar expenses 5 8,646 927
PROFIT BEFORE TAXATION 4,181,914 5,474,784

Tax on profit 6 954,326 1,105,870
PROFIT FOR THE FINANCIAL YEAR 3,227,588 4,368,914

Retained earnings at beginning of year 8,111,820 7,742,906

Dividends 7 (2,411,000 ) (4,000,000 )

RETAINED EARNINGS AT END OF YEAR 8,928,408 8,111,820

Online Home Shop Limited (Registered number: 08885099)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 347,798 170,407

CURRENT ASSETS
Stocks 9 9,296,878 8,123,933
Debtors 10 3,100,770 5,035,494
Cash at bank 3,480,412 4,928,041
15,878,060 18,087,468
CREDITORS
Amounts falling due within one year 11 7,234,320 10,109,161
NET CURRENT ASSETS 8,643,740 7,978,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,991,538

8,148,714

PROVISIONS FOR LIABILITIES 12 63,030 36,794
NET ASSETS 8,928,508 8,111,920

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 14 8,928,408 8,111,820
SHAREHOLDERS' FUNDS 8,928,508 8,111,920

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





M Cohen - Director


Online Home Shop Limited (Registered number: 08885099)

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

1. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates
In preparing these financial statements, the directors have had to make the following judgements:

1. Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives, taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

2. Stock
The stock is subject to ongoing review by the Directors. The review takes into account expected future sales of each stock item, both in terms of volume and sales price. Following this assessment, the Directors make a provision for stock items where they judge that the net realisable value is below the cost price.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Interest income
Interest income is recognised in the statement of comprehensive income using the effective interest method.

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 machinery15% on cost
Fixtures & fittings20% on cost
Motor vehicles25% on cost
Computer equipment33.33% on cost

Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Online Home Shop Limited (Registered number: 08885099)

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

1. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
The company's financial statements for the year ended 31 January 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

2. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Sale of goods 47,764,497 34,315,185
47,764,497 34,315,185

Online Home Shop Limited (Registered number: 08885099)

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

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 7,566,823 2,904,195
Social security costs 358,143 151,993
Other pension costs 58,507 23,464
7,983,473 3,079,652

The average number of employees during the year was as follows:
2024 2023

Senior management 2 2
Admin & marketing 24 15
Warehouse 122 60
148 77

2024 2023
£    £   
Directors' remuneration 110,891 -

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Hire of plant and machinery 56,878 22,377
Depreciation - owned assets 94,294 52,483
Auditors' remuneration 24,821 20,265
Other operating leases - land & buildings 640,000 207,500

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Other interest 8,646 927

Online Home Shop Limited (Registered number: 08885099)

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

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 928,090 1,090,260

Deferred tax 26,236 15,610
Tax on profit 954,326 1,105,870

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 4,181,914 5,474,784
Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 -
19%)

1,045,479

1,040,209

Effects of:
Expenses not deductible for tax purposes (53,596 ) 61,137
Capital allowances in excess of depreciation (99 ) -
Depreciation in excess of capital allowances - 4,524
Tax rate change (37,458 ) -
Total tax charge 954,326 1,105,870

From 1 April 2023, the rate of corporation tax in the United Kingdom has increased from 19% to 25%.

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 2,411,000 4,000,000

Online Home Shop Limited (Registered number: 08885099)

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

8. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 56,935 21,550 26,295 142,443 247,223
Additions 53,901 3,875 90,072 123,837 271,685
At 31 January 2024 110,836 25,425 116,367 266,280 518,908
DEPRECIATION
At 1 February 2023 8,139 2,404 7,672 58,601 76,816
Charge for year 13,196 4,474 21,014 55,610 94,294
At 31 January 2024 21,335 6,878 28,686 114,211 171,110
NET BOOK VALUE
At 31 January 2024 89,501 18,547 87,681 152,069 347,798
At 31 January 2023 48,796 19,146 18,623 83,842 170,407

9. STOCKS
2024 2023
£    £   
Goods for resale 9,296,878 8,123,933

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,280,354 4,558,932
Amounts owed by group undertakings 144 -
Other debtors 579,894 438,413
Prepayments 240,378 38,149
3,100,770 5,035,494

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,551,770 2,856,904
Amounts owed to group undertakings 241,000 4,000,000
Tax 378,090 641,299
Social security and other taxes 2,042,502 2,198,883
Other creditors 220,849 5,637
Accrued expenses 800,109 406,438
7,234,320 10,109,161

Online Home Shop Limited (Registered number: 08885099)

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

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 63,030 36,794

Deferred
tax
£   
Balance at 1 February 2023 36,794
Charge to Income Statement during year 26,236
Balance at 31 January 2024 63,030

Analysis of deferred tax balance



2024

2023
£ £
Accelerated capital allowances63,03036,794

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

14. RESERVES
Retained
earnings
£   

At 1 February 2023 8,111,820
Profit for the year 3,227,588
Dividends (2,411,000 )
At 31 January 2024 8,928,408

15. ULTIMATE PARENT COMPANY

At the balance sheet date, the company's immediate parent company was OHS Midco Limited and its ultimate holding company was OHS Holdings Limited, both entities are registered in England and Wales. Copies of the financial statements of OHS Midco Limited and the consolidated financial statements of OHS Holdings Limited can be obtained from the registered office of that entity which is the same as this company and the address can be found on the company information page.

16. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company paid donations amounting to £143,158 to charities in which the directors of the company are trustees.

Online Home Shop Limited (Registered number: 08885099)

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

17. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with its parent company and wholly owned subsidiaries within the group.




Entities over which the entity has control, joint control or significant influence
2024 2023
£    £   
Sales & services 3,919,214 3,928,395
Goods & services 770,000 1,298,409
Amount due from related party 982,958 2,500,447
Amount due to related party 278,889 37,000