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REGISTERED NUMBER: 12700662 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 June 2024

for

HOMELAND ELECTRICAL SERVICES LTD

HOMELAND ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 12700662)






Contents of the Financial Statements
for the Year Ended 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

HOMELAND ELECTRICAL SERVICES LTD

Company Information
for the Year Ended 29 June 2024







DIRECTORS: Mr S Morris
Mrs K Morris





REGISTERED OFFICE: Unit 5 The Courtyard
Old Court House Road
Wirral
Merseyside
CH62 4UE





REGISTERED NUMBER: 12700662 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

HOMELAND ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 12700662)

Balance Sheet
29 June 2024

29.6.24 29.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,460 4,920
Tangible assets 5 8,224 10,966
10,684 15,886

CURRENT ASSETS
Debtors 6 1,151 107
Cash at bank 1,117 10,903
2,268 11,010
CREDITORS
Amounts falling due within one year 7 21,060 22,179
NET CURRENT LIABILITIES (18,792 ) (11,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,108

)

4,717

CREDITORS
Amounts falling due after more than one
year

8

2,062

4,581
NET (LIABILITIES)/ASSETS (10,170 ) 136

CAPITAL AND RESERVES
Called up share capital 10 100 1
Retained earnings 11 (10,270 ) 135
SHAREHOLDERS' FUNDS (10,170 ) 136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Mr S Morris - Director


HOMELAND ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 12700662)

Notes to the Financial Statements
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

Homeland Electrical Services 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

No depreciation is charged in year of acquisition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 June 2023
and 29 June 2024 12,300
AMORTISATION
At 30 June 2023 7,380
Charge for year 2,460
At 29 June 2024 9,840
NET BOOK VALUE
At 29 June 2024 2,460
At 29 June 2023 4,920

HOMELAND ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 12700662)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 June 2023
and 29 June 2024 19,495
DEPRECIATION
At 30 June 2023 8,529
Charge for year 2,742
At 29 June 2024 11,271
NET BOOK VALUE
At 29 June 2024 8,224
At 29 June 2023 10,966

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Other debtors 1,151 107

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Bank loans and overdrafts 1,860 -
Hire purchase contracts 2,749 2,749
Taxation and social security 2,893 8,781
Other creditors 13,558 10,649
21,060 22,179

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.6.24 29.6.23
£    £   
Hire purchase contracts 2,062 4,581

9. SECURED DEBTS

The following secured debts are included within creditors:

29.6.24 29.6.23
£    £   
Hire purchase 4,810 -

Hire purchase is secured against the individual asset concerned

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.6.24 29.6.23
value: £    £   
100 Ordinary £1 100 1

HOMELAND ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 12700662)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

11. RESERVES
Retained
earnings
£   

At 30 June 2023 135
Deficit for the year (10,405 )
At 29 June 2024 (10,270 )

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount of £7,070 (2023; £4,176) is owed to S Morris who is a director and shareholder of the company.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Morris.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Homeland Electrical Services Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Homeland Electrical Services Ltd for the year ended 29 June 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Homeland Electrical Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Homeland Electrical Services Ltd and state those matters that we have agreed to state to the Board of Directors of Homeland Electrical Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Homeland Electrical Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Homeland Electrical Services 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 loss of Homeland Electrical Services Ltd. You consider that Homeland Electrical Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Homeland Electrical Services 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.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................