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REGISTERED NUMBER: 09924910 (England and Wales)



















Financial Statements

for the Year Ended 31 March 2024

for

@Home MMC Limited

@Home MMC Limited (Registered number: 09924910)






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


@Home MMC Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Edwards
A Mulryan
A Mulryan
M P Marron
G Hibbard
J Green





REGISTERED OFFICE: The Coach House
Eaton Hill
Alfreton Road
Little Eaton
Derbyshire
DE21 5AD





REGISTERED NUMBER: 09924910 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

@Home MMC Limited (Registered number: 09924910)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,591 29,613

CURRENT ASSETS
Debtors 5 2,213,224 776,397
Cash at bank 1,003,516 312,003
3,216,740 1,088,400
CREDITORS
Amounts falling due within one year 6 1,504,995 717,937
NET CURRENT ASSETS 1,711,745 370,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,828,336

400,076

CREDITORS
Amounts falling due after more than one
year

7

(6,456

)

-

PROVISIONS FOR LIABILITIES (719,923 ) (76,380 )
NET ASSETS 1,101,957 323,696

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,101,956 323,695
SHAREHOLDERS' FUNDS 1,101,957 323,696

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.

@Home MMC Limited (Registered number: 09924910)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





J Green - Director


@Home MMC Limited (Registered number: 09924910)

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

1. STATUTORY INFORMATION

@Home MMC 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 represents net invoiced sales of services, excluding value added tax and is recognised in the period in which the services are provided. In the case of work in progress it includes relevant costs and overheads plus attributable profit to date.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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 and 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.

Provisions
Included in provisions are snagging provisions which are included as a percentage of sales, based on the best estimate of claims to arise during the guarantee period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 9 ) .

@Home MMC Limited (Registered number: 09924910)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 30,000 2,800 3,788 36,588
Additions 90,654 10,800 2,821 104,275
At 31 March 2024 120,654 13,600 6,609 140,863
DEPRECIATION
At 1 April 2023 4,500 1,225 1,250 6,975
Charge for year 13,253 2,100 1,944 17,297
At 31 March 2024 17,753 3,325 3,194 24,272
NET BOOK VALUE
At 31 March 2024 102,901 10,275 3,415 116,591
At 31 March 2023 25,500 1,575 2,538 29,613

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,982 95,392
Amounts owed by group undertakings - 10,582
Amounts recoverable on contract 1,758,114 490,102
Other debtors 292,759 -
Prepayments 135,369 180,321
2,213,224 776,397

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 15,350 -
Trade creditors 491,842 304,407
Amounts owed to group undertakings 453,409 -
Tax 432,193 189,132
Social security and other taxes 56,548 108,085
Other creditors 1,881 460
Directors' loan accounts 42,192 39,222
Accruals and deferred income 11,580 76,631
1,504,995 717,937

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 6,456 -

@Home MMC Limited (Registered number: 09924910)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 15,350 -
Between one and five years 6,456 -
21,806 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 241,000 21,060
Between one and five years 200,833 -
441,833 21,060

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 21,806 -

Hire purchase contracts are secured against the assets to which they relate to.