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REGISTERED NUMBER: 13237939 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 August 2024

for

Unity Home Improvement Network Ltd

Unity Home Improvement Network Ltd (Registered number: 13237939)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Unity Home Improvement Network Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: G Kane
M Giscombe





REGISTERED OFFICE: Direct House
Unit 8 Headway Business Park
Denby Dale Road
Wakefield
West Yorkshire
WF2 7AZ





REGISTERED NUMBER: 13237939 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

Unity Home Improvement Network Ltd (Registered number: 13237939)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 269,615 56,089

CURRENT ASSETS
Stocks 812,483 693,650
Debtors 5 2,245,074 867,857
Cash at bank and in hand 91,366 17,415
3,148,923 1,578,922
CREDITORS
Amounts falling due within one year 6 3,371,539 1,341,377
NET CURRENT (LIABILITIES)/ASSETS (222,616 ) 237,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,999

293,634

CREDITORS
Amounts falling due after more than one
year

7

(89,645

)

-

PROVISIONS FOR LIABILITIES - (14,022 )
NET (LIABILITIES)/ASSETS (42,646 ) 279,612

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (42,746 ) 279,512
(42,646 ) 279,612

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

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

Unity Home Improvement Network Ltd (Registered number: 13237939)

Balance Sheet - continued
31 August 2024


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 May 2025 and were signed on its behalf by:





G Kane - Director


Unity Home Improvement Network Ltd (Registered number: 13237939)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Unity Home Improvement Network 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.

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 - 25% on cost and 20% on cost
Fixtures and fittings - 5% on cost
Motor vehicles - 10% on cost
Computer equipment - 25% on cost and 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Unity Home Improvement Network Ltd (Registered number: 13237939)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 1,124 43,654 10,750 4,392 59,920
Additions 3,172 3,905 212,939 9,847 229,863
Disposals - - (1,194 ) - (1,194 )
At 31 August 2024 4,296 47,559 222,495 14,239 288,589
DEPRECIATION
At 1 September 2023 81 2,103 1,075 572 3,831
Charge for year 527 2,494 9,749 2,492 15,262
Eliminated on disposal - - (119 ) - (119 )
At 31 August 2024 608 4,597 10,705 3,064 18,974
NET BOOK VALUE
At 31 August 2024 3,688 42,962 211,790 11,175 269,615
At 31 August 2023 1,043 41,551 9,675 3,820 56,089

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 885,520 501,836
Amounts owed by group undertakings 1,050,577 132,750
Other debtors - 28,264
Deferred tax asset 86,918 -
Prepayments and accrued income 222,059 205,007
2,245,074 867,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 8) 74,069 -
Trade creditors 1,579,462 329,908
Social security and other taxes 70,039 41,851
VAT 320,424 83,141
Other creditors 2,143 2,760
Accruals and deferred income 1,325,402 883,717
3,371,539 1,341,377

Unity Home Improvement Network Ltd (Registered number: 13237939)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 8) 89,645 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 74,069 -
Between one and five years 89,645 -
163,714 -

Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year 711 22,070

9. RELATED PARTY DISCLOSURES

During the year further loans were made to other companies in the group. The total loans outstanding at the balance sheet date were £1,050,577 (2023: £132,750). These loans are non interest bearing and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Home Improvements Holdings Limited.