Company Registration No. 11419713 (England and Wales)
Heimat Textil Limited
Unaudited accounts
for the year ended 30 June 2024
Heimat Textil Limited
Unaudited accounts
Contents
Heimat Textil Limited
Company Information
for the year ended 30 June 2024
Company Number
11419713 (England and Wales)
Registered Office
2 EXETER STREET
NEW VILLAGE ROAD
COTTINGHAM
HU16 4LU
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Heimat Textil Limited
Statement of financial position
as at 30 June 2024
Tangible assets
45,549
15,775
Cash at bank and in hand
120,034
137,010
Creditors: amounts falling due within one year
(238,080)
(212,798)
Net current liabilities
(41,922)
(14,614)
Called up share capital
100
100
Profit and loss account
3,527
1,061
Shareholders' funds
3,627
1,161
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2024 and were signed on its behalf by
Mr C Hofmann
Director
Company Registration No. 11419713
Heimat Textil Limited
Notes to the Accounts
for the year ended 30 June 2024
Heimat Textil Limited is a private company, limited by shares, registered in England and Wales, registration number 11419713. The registered office is 2 EXETER STREET, NEW VILLAGE ROAD, COTTINGHAM, HU16 4LU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% wdv
Computer equipment
25% wdv
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Heimat Textil Limited
Notes to the Accounts
for the year ended 30 June 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
18,045
4,318
22,363
Additions
33,725
1,962
35,687
At 30 June 2024
51,770
6,280
58,050
At 1 July 2023
4,203
2,385
6,588
Charge for the year
5,223
690
5,913
At 30 June 2024
9,426
3,075
12,501
At 30 June 2024
42,344
3,205
45,549
At 30 June 2023
13,842
1,933
15,775
Amounts falling due within one year
Heimat Textil Limited
Notes to the Accounts
for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
52,096
5,276
Taxes and social security
8,791
16,476
Loans from directors
177,193
165,041
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2023: 2).