HOME WARE OUTLET LTD
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Company registration number 09072897
Date
Approval date of the accounts by the board 20/02/2025
Date
Date of signing on the audit/accountants report 20/02/2025
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Sulman Shahid Ahmed
Or, name of secretary
Name of director signing balance sheet Sulman Shahid Ahmed
Address of registered office:
Address line 1 21-23 Harkness street
Address line 2 Manchester
City or town
County or region England
Postcode M12 6BT
Name of senior statutory auditor
Name of auditors/accountants ClearCut Accounting Limited
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 Suite 2,Parkway 5
Address line 2 300 Princess Road
City or town Manchester
County or region England
Postcode M14 7HR
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 1 1
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
09072897
HOME WARE OUTLET LTD
Filleted Accounts
30 June 2024
HOME WARE OUTLET LTD
Registered number: 09072897
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Stocks 10,000 15,000
Debtors 4 16,657 -
Cash at bank and in hand 5,274 7,028
31,931 22,028
Creditors: amounts falling due within one year 5 (35,024) (46,728)
Net current liabilities (3,093) (24,700)
Total assets less current liabilities (3,093) (24,700)
Creditors: amounts falling due after more than one year 6 (11,353) (12,841)
Net liabilities (14,446) (37,541)
Capital and reserves
Called up share capital 100 100
Profit and loss account (14,546) (37,641)
Shareholder's funds (14,446) (37,541)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sulman Shahid Ahmed
Director
Approved by the board on 20 February 2025
HOME WARE OUTLET LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers & equipment 33.33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 1,490
At 30 June 2024 1,490
Depreciation
At 1 July 2023 1,490
At 30 June 2024 1,490
Net book value
At 30 June 2024 -
4 Debtors 2024 2023
£ £
Other debtors 16,657 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 32,824 32,824
Other creditors 2,200 13,904
35,024 46,728
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,353 12,841
7 Other information
HOME WARE OUTLET LTD is a private company limited by shares and incorporated in England. Its registered office is:
21-23 Harkness street
Manchester
England
M12 6BT
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