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Registration number: 13623327

House of You Ltd

Filleted Unaudited Financial Statements

for the Period from 1 October 2022 to 29 February 2024

 

House of You Ltd
(Registration number: 13623327)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

House of You Ltd
(Registration number: 13623327)

Company Information

Director

Miss S Carpenter

Registered office

165 Fore Street
Exeter
Devon
EX4 3AT

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

House of You Ltd
(Registration number: 13623327)

Balance Sheet as at 29 February 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

4

13,859

19,523

Current assets

 

Cash at bank and in hand

 

1,704

2,493

Creditors: Amounts falling due within one year

5

(29,041)

(23,077)

Net current liabilities

 

(27,337)

(20,584)

Net liabilities

 

(13,478)

(1,061)

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

(13,480)

(1,063)

Total equity

 

(13,478)

(1,061)

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 November 2024
 

.........................................
Miss S Carpenter
Director

 

House of You Ltd
(Registration number: 13623327)

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
165 Fore Street
Exeter
Devon
EX4 3AT
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director has acknowledged the negative reserves at the balance sheet date and pledged to continue to support the company so it can meet its obligations as they arise. Therefore the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

House of You Ltd
(Registration number: 13623327)

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 February 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2022 - 1).

 

House of You Ltd
(Registration number: 13623327)

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 29 February 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

7,214

16,381

23,595

At 29 February 2024

7,214

16,381

23,595

Depreciation

At 1 October 2022

796

3,276

4,072

Charge for the period

1,022

4,642

5,664

At 29 February 2024

1,818

7,918

9,736

Carrying amount

At 29 February 2024

5,396

8,463

13,859

At 30 September 2022

6,418

13,105

19,523

Included within the net book value of land and buildings above is £5,395 (2022 - £6,417) in respect of short leasehold land and buildings.
 

5

Creditors

2024
£

2022
£

Due within one year

Taxation and social security

732

-

Other creditors

24,242

21,157

Accrued expenses

4,067

1,920

29,041

23,077