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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
Page
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Heimat Textil Limited Company Information for the year ended 30 June 2024
Director
Mr C Hofmann
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
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Heimat Textil Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
45,549 
15,775 
Current assets
Inventories
60,825 
57,721 
Debtors
15,299 
3,453 
Cash at bank and in hand
120,034 
137,010 
196,158 
198,184 
Creditors: amounts falling due within one year
(238,080)
(212,798)
Net current liabilities
(41,922)
(14,614)
Net assets
3,627 
1,161 
Capital and reserves
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
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Heimat Textil Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
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
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
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.
Foreign exchange
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.
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Heimat Textil Limited Notes to the Accounts for the year ended 30 June 2024
Deferred taxation
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
Investments in shares are included at fair value.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
10,000 
At 30 June 2024
10,000 
Amortisation
At 1 July 2023
10,000 
At 30 June 2024
10,000 
Net book value
At 30 June 2024
- 
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 
Depreciation
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 
Net book value
At 30 June 2024
42,344 
3,205 
45,549 
At 30 June 2023
13,842 
1,933 
15,775 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,946 
3,453 
Other debtors
12,353 
- 
15,299 
3,453 
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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 
Other creditors
- 
26,005 
Loans from directors
177,193 
165,041 
238,080 
212,798 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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