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REGISTERED NUMBER: 11215627 (England and Wales)















Advance Home Improvements Ltd

Unaudited Financial Statements

for the Year Ended 5 April 2024






Advance Home Improvements Ltd (Registered number: 11215627)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Advance Home Improvements Ltd

Company Information
for the Year Ended 5 April 2024







DIRECTOR: L M Jones





REGISTERED OFFICE: Cartref
Llwyn Onn
Croesyceiliog
Cwmbran
Torfaen
NP44 2AL





REGISTERED NUMBER: 11215627 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
11 New Street
Pontnewydd
Cwmbran
NP44 1EE

Advance Home Improvements Ltd (Registered number: 11215627)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,277 13,533

CURRENT ASSETS
Stocks 26,928 24,675
Debtors 5 7,969 2,289
Cash at bank and in hand 5,517 3,834
40,414 30,798
CREDITORS
Amounts falling due within one year 6 51,396 11,830
NET CURRENT (LIABILITIES)/ASSETS (10,982 ) 18,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,295

32,501

CREDITORS
Amounts falling due after more than one year 7 7,771 9,734
NET ASSETS 31,524 22,767

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,522 22,765
31,524 22,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 January 2025 and were signed by:





L M Jones - Director


Advance Home Improvements Ltd (Registered number: 11215627)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Advance Home Improvements 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

Advance Home Improvements Ltd (Registered number: 11215627)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2023 - 19,000 979 19,979
Additions 7,400 48,058 - 55,458
Disposals - (19,000 ) - (19,000 )
At 5 April 2024 7,400 48,058 979 56,437
DEPRECIATION
At 6 April 2023 - 5,969 477 6,446
Charge for year - 5,583 100 5,683
Eliminated on disposal - (5,969 ) - (5,969 )
At 5 April 2024 - 5,583 577 6,160
NET BOOK VALUE
At 5 April 2024 7,400 42,475 402 50,277
At 5 April 2023 - 13,031 502 13,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 1,880 -
Other debtors 6,089 2,289
7,969 2,289

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 4,250 4,250
Trade creditors - 519
Taxation and social security (307 ) 458
Other creditors 47,453 6,603
51,396 11,830

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans 7,771 9,734

Advance Home Improvements Ltd (Registered number: 11215627)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2024 and 5 April 2023:

5.4.24 5.4.23
£    £   
L M Jones
Balance outstanding at start of year (3,740 ) 9,765
Amounts advanced 4,398 770
Amounts repaid (46,380 ) (14,275 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (45,722 ) (3,740 )