Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseDesign11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13239971 2023-04-01 2024-03-31 13239971 2022-04-01 2023-03-31 13239971 2024-03-31 13239971 2023-03-31 13239971 c:Director1 2023-04-01 2024-03-31 13239971 d:OfficeEquipment 2023-04-01 2024-03-31 13239971 d:OfficeEquipment 2024-03-31 13239971 d:OfficeEquipment 2023-03-31 13239971 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13239971 d:CurrentFinancialInstruments 2024-03-31 13239971 d:CurrentFinancialInstruments 2023-03-31 13239971 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13239971 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13239971 d:ShareCapital 2024-03-31 13239971 d:ShareCapital 2023-03-31 13239971 d:RetainedEarningsAccumulatedLosses 2024-03-31 13239971 d:RetainedEarningsAccumulatedLosses 2023-03-31 13239971 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13239971 c:OrdinaryShareClass1 2024-03-31 13239971 c:FRS102 2023-04-01 2024-03-31 13239971 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13239971 c:FullAccounts 2023-04-01 2024-03-31 13239971 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13239971 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-01 2024-03-31 13239971 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-31 13239971 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 13239971 2 2023-04-01 2024-03-31 13239971 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13239971










BHD (BRITISH HOME DESIGN) LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BHD (BRITISH HOME DESIGN) LTD
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 7


 
BHD (BRITISH HOME DESIGN) LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BHD (BRITISH HOME DESIGN) LTD
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BHD (British Home Design) Ltd for the year ended 31 March 2024 which comprise the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the director of BHD (British Home Design) Ltd in accordance with the terms of our engagement letter dated 19 April 2022Our work has been undertaken solely to prepare for your approval the financial statements of BHD (British Home Design) Ltd and state those matters that we have agreed to state to the director of BHD (British Home Design) Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BHD (British Home Design) Ltd and its director for our work or for this report. 

It is your duty to ensure that BHD (British Home Design) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BHD (British Home Design) Ltd. You consider that BHD (British Home Design) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of BHD (British Home Design) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
7 The Close
Norwich
Norfolk
NR1 4DJ
1 December 2024
Page 1

 
BHD (BRITISH HOME DESIGN) LTD
REGISTERED NUMBER: 13239971

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,430
3,773

  
3,430
3,773

Current assets
  

Debtors: amounts falling due within one year
 5 
28,597
1,718

Cash at bank and in hand
  
39,179
36,364

  
67,776
38,082

Creditors: amounts falling due within one year
 6 
(10,786)
(9,111)

Net current assets
  
 
 
56,990
 
 
28,971

Total assets less current liabilities
  
60,420
32,744

Provisions for liabilities
  

Deferred tax
  
(652)
(717)

  
 
 
(652)
 
 
(717)

Net assets
  
59,768
32,027


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
59,767
32,026

  
59,768
32,027


Page 2

 
BHD (BRITISH HOME DESIGN) LTD
REGISTERED NUMBER: 13239971
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 December 2024.




Samantha Loton
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
BHD (BRITISH HOME DESIGN) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of the registered office is 85 Great Portland Street, Fitzrovia, London, W1W 7LT. The company's trading address is Attleborough.
The company's principle activity is that of home design. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts and rebates. The following criteria must also be met before turnover is recognised:
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 
Deferred tax balances are recognised in respect of timing differences that have originated but not not reversed by the balance sheet date. 
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
BHD (BRITISH HOME DESIGN) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
Debt instruments that are payable and receivable within one year, typically trade debtors and creditors, are measured, initally and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees

The average number of employees, including directors, during the year was 1 (2023: 1). 






Page 5

 
BHD (BRITISH HOME DESIGN) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
6,318


Additions
801



At 31 March 2024

7,119



Depreciation


At 1 April 2023
2,545


Charge for the year on owned assets
1,144



At 31 March 2024

3,689



Net book value



At 31 March 2024
3,430



At 31 March 2023
3,773

Page 6

 
BHD (BRITISH HOME DESIGN) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,485
1,536

Other debtors
25,888
-

Prepayments and accrued income
224
182

28,597
1,718



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
8,403
5,328

Other creditors
-
1,853

Accruals and deferred income
2,383
1,930

10,786
9,111



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1  Ordinary share of £1.00
1
1



8.


Related party transactions

As at 1 April 2023, the balance of the director's loan account was £1,853 owing by the company to the director. 
During the year the company advanced the director £44,672 and the director introduced funds of £16,931. As at 31 March 2024, the balance of the director's loan account was £25,888 owing to the company from the director as included within other debtors in note 5 above. 
This loan is repayable on demand and interest on overdrawn balances has been charged at 2% and 2.25% from 6 April 2023 leading to the total interest charged in the year being £132 (2023: £93).  

 
Page 7