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REGISTERED NUMBER: 11475920 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

HOME'S BEST LTD

HOME'S BEST LTD (REGISTERED NUMBER: 11475920)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOME'S BEST LTD

COMPANY INFORMATION
for the Year Ended 31st July 2024







DIRECTORS: Mrs Jacqueline Ann Williams
Mrs Caroline Larkin





REGISTERED OFFICE: B2 Pittman Way
Pittman Way
Preston
PR2 9ZG





REGISTERED NUMBER: 11475920 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

HOME'S BEST LTD (REGISTERED NUMBER: 11475920)

BALANCE SHEET
31st July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 62,112 50,746

CURRENT ASSETS
Debtors 5 61,652 50,447
Cash at bank and in hand 27,751 94,563
89,403 145,010
CREDITORS
Amounts falling due within one year 6 (49,307 ) (89,336 )
NET CURRENT ASSETS 40,096 55,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,208

106,420

CREDITORS
Amounts falling due after more than one
year

7

(8,329

)

(18,331

)
NET ASSETS 93,879 88,089

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 93,876 88,086
SHAREHOLDERS' FUNDS 93,879 88,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th February 2025 and were signed on its behalf by:




Mrs Jacqueline Ann Williams - Director


HOME'S BEST LTD (REGISTERED NUMBER: 11475920)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2024


1. STATUTORY INFORMATION

Home's Best Limited is a private company, limited by shares, registered in England and Wales, registered number is 11475920. The registered office and principle place of business is B2 Pittman Way, Pittman Way, Fulwood, Preston, England, PR2 9ZG.

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 represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists the provision of care services, which are recognised at the point of which the services are provided.

Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixtures & fittings-25% on RBM
Motor vehicles-25% on RBM
Computer equipment-25% on RBM

At each balance sheet date, the company reviews the carrying amounts of its fixed assets to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HOME'S BEST LTD (REGISTERED NUMBER: 11475920)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2024


2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2023 34,417 9,478 5,995 11,169 61,059
Additions - 1,370 13,700 4,370 19,440
At 31st July 2024 34,417 10,848 19,695 15,539 80,499
DEPRECIATION
At 1st August 2023 - 837 4,028 5,448 10,313
Charge for year - 2,417 3,917 1,740 8,074
At 31st July 2024 - 3,254 7,945 7,188 18,387
NET BOOK VALUE
At 31st July 2024 34,417 7,594 11,750 8,351 62,112
At 31st July 2023 34,417 8,641 1,967 5,721 50,746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,652 48,322
Prepayments 1,000 2,125
61,652 50,447

HOME'S BEST LTD (REGISTERED NUMBER: 11475920)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,340 -
Tax 17,278 19,663
Social security and other taxes 3,386 293
Other creditors 12,682 56,905
Pension Fund 1,780 634
Accrued expenses 1,841 1,841
49,307 89,336

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,329 10,000
Bank loans - 2-5 years - 8,331
8,329 18,331

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1.00 3 3