Registered number
10132186
Homelife Warehouse Ltd
Filleted Accounts
30 April 2024
Homelife Warehouse Ltd
Registered number: 10132186
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 287 431
Current assets
Stocks 25,750 33,225
Cash at bank and in hand 2,961 203
28,711 33,428
Creditors: amounts falling due within one year 4 (75,911) (55,468)
Net current liabilities (47,200) (22,040)
Net liabilities (46,913) (21,609)
Capital and reserves
Called up share capital 1 1
Profit and loss account (46,914) (21,610)
Shareholder's funds (46,913) (21,609)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
P S Samra
Director
Approved by the board on 25 October 2024
Homelife Warehouse Ltd
Notes to the Accounts
for the year ended 30 April 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).
Going concern basis
The directors believe that not withstanding the accumulated losses to date and net liabilities at the year end, the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from directors will be adequate to meet the company's needs for the period at least 12 months from the date of approval of these financial statements.
Turnover
Turnover includes revenue earned from the sale of goods, net of value added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 33⅓% reducing balance basis
Stocks
Stocks are valued by the director at the lower of cost and net realisable value.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 7,550
At 30 April 2024 7,550
Depreciation
At 1 May 2023 7,119
Charge for the year 144
At 30 April 2024 7,263
Net book value
At 30 April 2024 287
At 30 April 2023 431
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,634 4,001
Director's current account 1,584 92
Taxation and social security costs 2,564 3,513
Other creditors 68,129 47,862
75,911 55,468
Director's current account credit balances attract nil rate of interest and are repayable by the company on demand.
5 Other information
Homelife Warehouse Ltd is a private company limited by shares and incorporated in England. Its registered office is:
18 Brill Close
Maidenhead
Berkshire
SL6 3EJ
Homelife Warehouse Ltd 10132186 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2024 P S Samra No description of principal activity 10132186 2022-05-01 2023-04-30 10132186 core:WithinOneYear 2023-04-30 10132186 core:ShareCapital 2023-04-30 10132186 core:RetainedEarningsAccumulatedLosses 2023-04-30 10132186 2023-05-01 2024-04-30 10132186 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10132186 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10132186 bus:Director40 2023-05-01 2024-04-30 10132186 core:PlantMachinery 2023-05-01 2024-04-30 10132186 countries:England 2023-05-01 2024-04-30 10132186 bus:FRS102 2023-05-01 2024-04-30 10132186 bus:FilletedAccounts 2023-05-01 2024-04-30 10132186 2024-04-30 10132186 core:WithinOneYear 2024-04-30 10132186 core:ShareCapital 2024-04-30 10132186 core:RetainedEarningsAccumulatedLosses 2024-04-30 10132186 core:PlantMachinery 2024-04-30 10132186 2023-04-30 10132186 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure