Registered number
03762946
HOME CREATIONS (UK) LIMITED
Filleted Accounts
31 August 2024
HOME CREATIONS (UK) LIMITED
Registered number: 03762946
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,583 13,345
Current assets
Stocks 19,744 21,636
Debtors 4 847 -
Cash at bank and in hand 40,409 28,805
61,000 50,441
Creditors: amounts falling due within one year 5 (54,321) (42,785)
Net current assets 6,679 7,656
Net assets 19,262 21,001
Capital and reserves
Called up share capital 150 150
Profit and loss account 19,112 20,851
Shareholders' funds 19,262 21,001
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
J. Shackleton
Director
Approved by the board on 31 January 2025
HOME CREATIONS (UK) LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Plant and machinery 15% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 51,343
Additions 289
At 31 August 2024 51,632
Depreciation
At 1 September 2023 37,998
Charge for the year 1,051
At 31 August 2024 39,049
Net book value
At 31 August 2024 12,583
At 31 August 2023 13,345
4 Debtors 2024 2023
£ £
Trade debtors 847 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Loan accounts 16,000 16,000
Trade creditors 11,822 6,804
Directors loan account 22,503 11,789
Corporation Tax 218 172
Taxation and social security costs 1,046 3,696
Value Added Tax 2,732 4,324
54,321 42,785
6 Other information
HOME CREATIONS (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
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