IRIS Accounts Production v25.1.3.33 08308545 Board of Directors 1.2.24 31.1.25 31.1.25 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083085452024-01-31083085452025-01-31083085452024-02-012025-01-31083085452023-01-31083085452023-02-012024-01-31083085452024-01-3108308545ns15:EnglandWales2024-02-012025-01-3108308545ns14:PoundSterling2024-02-012025-01-3108308545ns10:Director12024-02-012025-01-3108308545ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3108308545ns10:SmallEntities2024-02-012025-01-3108308545ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3108308545ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3108308545ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3108308545ns10:FullAccounts2024-02-012025-01-3108308545ns10:Director22024-02-012025-01-3108308545ns10:RegisteredOffice2024-02-012025-01-3108308545ns5:CurrentFinancialInstruments2025-01-3108308545ns5:CurrentFinancialInstruments2024-01-3108308545ns5:Non-currentFinancialInstruments2025-01-3108308545ns5:Non-currentFinancialInstruments2024-01-3108308545ns5:ShareCapital2025-01-3108308545ns5:ShareCapital2024-01-3108308545ns5:RetainedEarningsAccumulatedLosses2025-01-3108308545ns5:RetainedEarningsAccumulatedLosses2024-01-3108308545ns5:LeaseholdImprovements2024-01-3108308545ns5:PlantMachinery2024-01-3108308545ns5:FurnitureFittings2024-01-3108308545ns5:LeaseholdImprovements2024-02-012025-01-3108308545ns5:PlantMachinery2024-02-012025-01-3108308545ns5:FurnitureFittings2024-02-012025-01-3108308545ns5:LeaseholdImprovements2025-01-3108308545ns5:PlantMachinery2025-01-3108308545ns5:FurnitureFittings2025-01-3108308545ns5:LeaseholdImprovements2024-01-3108308545ns5:PlantMachinery2024-01-3108308545ns5:FurnitureFittings2024-01-3108308545ns5:MotorVehicles2024-01-3108308545ns5:ComputerEquipment2024-01-3108308545ns5:MotorVehicles2024-02-012025-01-3108308545ns5:ComputerEquipment2024-02-012025-01-3108308545ns5:MotorVehicles2025-01-3108308545ns5:ComputerEquipment2025-01-3108308545ns5:MotorVehicles2024-01-3108308545ns5:ComputerEquipment2024-01-3108308545ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3108308545ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3108308545ns5:CurrentFinancialInstruments2024-02-012025-01-3108308545ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2025-01-3108308545ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-3108308545ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-01-3108308545ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3108308545ns5:DeferredTaxation2024-01-3108308545ns5:DeferredTaxation2024-02-012025-01-3108308545ns5:DeferredTaxation2025-01-31
REGISTERED NUMBER: 08308545 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Homefeeds Ltd

Homefeeds Ltd (Registered number: 08308545)






Contents of the Financial Statements
for the year ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Homefeeds Ltd

Company Information
for the year ended 31 January 2025







DIRECTORS: R M Taylor
Mrs P Taylor





REGISTERED OFFICE: Unit 1
Alexandra Business Park
Gresty Lane
Crewe
Cheshire
CW2 5DD





REGISTERED NUMBER: 08308545 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Homefeeds Ltd (Registered number: 08308545)

Statement of Financial Position
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 5 166,765 180,250

CURRENT ASSETS
Stocks 6 59,425 53,773
Debtors 7 9,566 3,441
Cash at bank and in hand 66,132 75,255
135,123 132,469
CREDITORS
Amounts falling due within one year 8 (164,402 ) (160,173 )
NET CURRENT LIABILITIES (29,279 ) (27,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,486

152,546

CREDITORS
Amounts falling due after more than one
year

9

(3,333

)

(13,333

)

PROVISIONS FOR LIABILITIES 11 (25,954 ) (15,628 )
NET ASSETS 108,199 123,585

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 8,199 23,585
SHAREHOLDERS' FUNDS 108,199 123,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Homefeeds Ltd (Registered number: 08308545)

Statement of Financial Position - continued
31 January 2025


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 May 2025 and were signed on its behalf by:





R M Taylor - Director


Homefeeds Ltd (Registered number: 08308545)

Notes to the Financial Statements
for the year ended 31 January 2025

1. STATUTORY INFORMATION

Homefeeds Ltd ('The Company') is primarily engaged in the sale of pet food supplies.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is Gresty Lane, Crewe, Cheshire, CW2 5DD. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors.

Therefore, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover
Revenue (described as turnover) is the value of goods (net of VAT) provided to customers during the year. Revenue is recognised on the date goods are despatched.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property- Straight line over the remainder of the lease
Plant and machinery- Straight line over 20 years
Fixtures and fittings- 25% on reducing balance
Dog park- Straight line over 20 years
Computer equipment- 33.33% on cost

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each reporting period end date.

Stocks
Stocks are stated at the lower of cost and selling price less costs to complete and sell. An impairment loss is recognised for damaged, discontinued and slow-moving stock where appropriate.


Homefeeds Ltd (Registered number: 08308545)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

3. ACCOUNTING POLICIES - continued
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 end of the financial year.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial year.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

Fixed asset investments
Unlisted investments are shown at cost less any impairment loss.

Investment income from fixed asset investments and unlisted investments is included in other income.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

Homefeeds Ltd (Registered number: 08308545)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2024 45,808 20,690 31,102
Additions - - 1,075
At 31 January 2025 45,808 20,690 32,177
DEPRECIATION
At 1 February 2024 1,928 1,035 12,576
Charge for year 5,373 1,034 4,855
At 31 January 2025 7,301 2,069 17,431
NET BOOK VALUE
At 31 January 2025 38,507 18,621 14,746
At 31 January 2024 43,880 19,655 18,526

Computer
Dog park equipment Totals
£    £    £   
COST
At 1 February 2024 97,754 16,653 212,007
Additions - 2,156 3,231
At 31 January 2025 97,754 18,809 215,238
DEPRECIATION
At 1 February 2024 - 16,218 31,757
Charge for year 4,888 566 16,716
At 31 January 2025 4,888 16,784 48,473
NET BOOK VALUE
At 31 January 2025 92,866 2,025 166,765
At 31 January 2024 97,754 435 180,250

6. STOCKS
2025 2024
£    £   
Stocks 59,425 53,773

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 9,566 3,441

Amounts owed by group undertakings are unsecured, interest free and payable on demand.

Homefeeds Ltd (Registered number: 08308545)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Trade creditors 37,110 49,909
Amounts owed to group undertakings 86,064 76,824
Taxation and social security 17,193 2,878
Other creditors 14,035 20,562
164,402 160,173

Amounts owed to group undertakings are unsecured, interest free and payable on demand.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 10) 3,333 13,333

10. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,333 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 3,333

11. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 25,954 15,628

Deferred
tax
£   
Balance at 1 February 2024 15,628
Charge to Income Statement during year 10,326
Balance at 31 January 2025 25,954

Homefeeds Ltd (Registered number: 08308545)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

12. RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the end of the reporting period were as follows:

Parent company:

2025 2024
£ £
Management fees payable 48,000 34,200
Rent payable 19,900 18,850
Amounts owed to entities 86,064 76,824


Entities in which the directors have an interest:

2025 2024
£ £
Rent receivable 7,560 -
Amounts owed by entities 5,251 -

13. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Taylors Organex Limited (a company incorporated in England and Wales), which is the ultimate parent company. Taylors Organex Limited is under the control of the directors, who at the date of this report hold 100% of the issued share capital.