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REGISTERED NUMBER: 08699770 (England and Wales)















THE HOMEBUILDING CENTRE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






THE HOMEBUILDING CENTRE LTD (REGISTERED NUMBER: 08699770)

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


THE HOMEBUILDING CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Burden
H D Fremlin
J A Lewis





REGISTERED OFFICE: The National Self Build & Renovation Cen
Great Western Way
Swindon
SN5 8UB





REGISTERED NUMBER: 08699770 (England and Wales)

THE HOMEBUILDING CENTRE LTD (REGISTERED NUMBER: 08699770)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 94,714 97,387

CURRENT ASSETS
Debtors 5 553,982 416,231
Cash at bank and in hand 535,296 570,819
1,089,278 987,050
CREDITORS
Amounts falling due within one year 6 (489,726 ) (430,171 )
NET CURRENT ASSETS 599,552 556,879
TOTAL ASSETS LESS CURRENT LIABILITIES 694,266 654,266

PROVISIONS FOR LIABILITIES (3,906 ) -
NET ASSETS 690,360 654,266

CAPITAL AND RESERVES
Called up share capital 7 250,000 250,000
Retained earnings 440,360 404,266
SHAREHOLDERS' FUNDS 690,360 654,266

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.

THE HOMEBUILDING CENTRE LTD (REGISTERED NUMBER: 08699770)

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 15 November 2024 and were signed on its behalf by:





H D Fremlin - Director


THE HOMEBUILDING CENTRE LTD (REGISTERED NUMBER: 08699770)

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


1. STATUTORY INFORMATION

The Homebuilding Centre 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from provision of services is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest receivable
Interest income is recognised 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.

Long Leasehold - 5 - 10 years straight line
Fixtures and fittings - 10 years straight line
Computer equipment - 2 years straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


THE HOMEBUILDING CENTRE LTD (REGISTERED NUMBER: 08699770)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors & creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 148,551 79,263 227,814
Additions 26,997 1,604 28,601
At 31 March 2024 175,548 80,867 256,415
DEPRECIATION
At 1 April 2023 84,119 46,308 130,427
Charge for year 17,431 13,843 31,274
At 31 March 2024 101,550 60,151 161,701
NET BOOK VALUE
At 31 March 2024 73,998 20,716 94,714
At 31 March 2023 64,432 32,955 97,387

THE HOMEBUILDING CENTRE LTD (REGISTERED NUMBER: 08699770)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 283,190 235,258
Amounts owed by group undertakings 109,365 80,722
Other debtors 12,748 -
Prepayments 148,679 100,251
553,982 416,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 33,226
Trade creditors 60,200 73,518
Tax 67,003 27,665
VAT 41,953 32,004
Other creditors - (19,531 )
Accruals and deferred income 320,570 283,289
489,726 430,171

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250,000 Ordinary £1 250,000 250,000

8. PARENT COMPANY

The parent company with a controlling interest is The Homebuilding Centre (Holdings) Limited. Registered office address and principle place of business, The National Self Build & Renovation Centre, Great Western Way, Swindon, SN5 8UB.