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Company No: 01785911 (England and Wales)

BICESTER HOME COMFORTS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

BICESTER HOME COMFORTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

BICESTER HOME COMFORTS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
BICESTER HOME COMFORTS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
DIRECTORS C E Alcock
S C Alcock
SECRETARY C E Alcock
REGISTERED OFFICE 71 Sheep Street
Bicester
Oxon
OX26 6JW
United Kingdom
COMPANY NUMBER 01785911 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
BICESTER HOME COMFORTS LIMITED

BALANCE SHEET

AS AT 30 APRIL 2024
BICESTER HOME COMFORTS LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 4,756 16,324
4,756 16,324
Current assets
Stocks 96,471 82,800
Debtors 4 25,786 15,675
Cash at bank and in hand 131,968 211,428
254,225 309,903
Creditors: amounts falling due within one year 5 ( 180,229) ( 247,162)
Net current assets 73,996 62,741
Total assets less current liabilities 78,752 79,065
Provision for liabilities ( 1,189) ( 4,081)
Net assets 77,563 74,984
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 77,363 74,784
Total shareholders' funds 77,563 74,984

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Bicester Home Comforts Limited (registered number: 01785911) were approved and authorised for issue by the Board of Directors on 10 January 2025. They were signed on its behalf by:

C E Alcock
Director
BICESTER HOME COMFORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
BICESTER HOME COMFORTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bicester Home Comforts Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 71 Sheep Street, Bicester, Oxon, OX26 6JW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings 10 - 0 years straight line
Plant and machinery etc. 4 - 5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 8

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 May 2023 1,050 74,966 76,016
At 30 April 2024 1,050 74,966 76,016
Accumulated depreciation
At 01 May 2023 1,050 58,642 59,692
Charge for the financial year 0 11,568 11,568
At 30 April 2024 1,050 70,210 71,260
Net book value
At 30 April 2024 0 4,756 4,756
At 30 April 2023 0 16,324 16,324

4. Debtors

2024 2023
£ £
Trade debtors 21,382 11,970
Other debtors 4,404 3,705
25,786 15,675

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 54,749 103,307
Corporation tax 18,106 15,384
Other taxation and social security 15,128 18,042
Other creditors 92,246 110,429
180,229 247,162

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
950 A ordinary shares of £ 0.10 each 95 95
770 B ordinary shares of £ 0.10 each (2023: 1,000 shares of £ 0.10 each) 77 100
50 C ordinary shares of £ 0.10 each 5 5
230 D ordinary shares of £ 0.10 each (2023: nil shares) 23 0
200 200

During the year 230 B Ordinary shares of £0.10 each were reclassified as 230 D Ordinary share of £0.10 each.

7. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 60,898 112,492

8. Related party transactions

Transactions with owners holding a participating interest in the entity

During the year directors received dividends on Ordinary A Shares totalling £0 (2023: £16,750)

During the year directors received dividends on Ordinary B Shares totalling £21,250 (2023: £30,800)

During the year a participator received dividends on Ordinary B Shares totalling £0 (2023: £9,200)

During the year a participator received dividends on Ordinary C Shares totalling £3,150 (2023: £6,300)

During the year a participator received dividends on Ordinary D Shares totalling £28,750 (2023: £0)

At the year end, the company owed a director £77,290 (2023: £100,465). No interest has been applied on this amount and there is no fixed date of repayment other than it is repayable of demand.

At the year end, the company owed a director £838 (2023: £838). No interest has been applied on this amount and there is no fixed date of repayment other than it is repayable of demand.