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REGISTERED NUMBER: 08547288 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

HOME INNOVATIONS LTD

HOME INNOVATIONS LTD (REGISTERED NUMBER: 08547288)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOME INNOVATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: R L Lavender





REGISTERED OFFICE: Unit K
Tweedale Industrial Estate
Madeley
Telford
TF7 4JR





REGISTERED NUMBER: 08547288 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

HOME INNOVATIONS LTD (REGISTERED NUMBER: 08547288)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Plant and equipment 4 3,401 4,166

CURRENT ASSETS
Inventories 255,527 168,705
Debtors 5 18,407 32,840
Cash at bank 10,679 23,857
284,613 225,402
CREDITORS
Amounts falling due within one year 6 288,543 148,741
NET CURRENT (LIABILITIES)/ASSETS (3,930 ) 76,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

(529

)

80,827

CREDITORS
Amounts falling due after more than
one year

7

10,000

18,733
NET (LIABILITIES)/ASSETS (10,529 ) 62,094

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,629 ) 61,994
SHAREHOLDERS' FUNDS (10,529 ) 62,094

HOME INNOVATIONS LTD (REGISTERED NUMBER: 08547288)

BALANCE SHEET - continued
31 MAY 2024


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

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

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 1 November 2024 and were signed by:





R L Lavender - Director


HOME INNOVATIONS LTD (REGISTERED NUMBER: 08547288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Home Innovations 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
Revenue 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 - 10% on cost
Fixtures and fittings - 10% on cost

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-making stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For long term finance they utilise the loans provided by the director and other external loan providers, as disclosed in Note 6. In assessing going concern they have assumed that these loans will not be repaid for the foreseeable future and, on that basis, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

HOME INNOVATIONS LTD (REGISTERED NUMBER: 08547288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 3,849 3,798 7,647
DEPRECIATION
At 1 June 2023 1,187 2,294 3,481
Charge for year 385 380 765
At 31 May 2024 1,572 2,674 4,246
NET BOOK VALUE
At 31 May 2024 2,277 1,124 3,401
At 31 May 2023 2,662 1,504 4,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 505
Amounts owed by participating interests 4,821 30,000
Other debtors 13,586 2,335
18,407 32,840

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 60,001
Trade creditors 7,505 5,812
Amounts owed to group undertakings - 102
Other creditors 271,038 82,826
288,543 148,741

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 10,000 18,733