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Registered number: 12857267
Pulchra Homes Ltd
Financial Statements
For The Year Ended 30 September 2024
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12857267
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 797 1,189
Tangible Assets 5 17,279 25,788
18,076 26,977
CURRENT ASSETS
Stocks 6 1,905,739 800,520
Debtors 7 20,365 3,274
Cash at bank and in hand 315,672 91,813
2,241,776 895,607
Creditors: Amounts Falling Due Within One Year 8 (1,742,058 ) (889,294 )
NET CURRENT ASSETS (LIABILITIES) 499,718 6,313
TOTAL ASSETS LESS CURRENT LIABILITIES 517,794 33,290
Creditors: Amounts Falling Due After More Than One Year 9 (741,833 ) -
NET (LIABILITIES)/ASSETS (224,039 ) 33,290
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account (224,239 ) 33,090
SHAREHOLDERS' FUNDS (224,039) 33,290
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Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
L Hewitt
Director
13th June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pulchra Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12857267 . The registered office is Superior House, Broombank Park, Chesterfield, Derbyshire, S41 9RT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 3 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 33% Reducing Balance
Motor Vehicles 33% Reducing Balance
Fixtures & Fittings 33% Reducing Balance
Computer Equipment 33% Reducing Balance
2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 2,050
As at 30 September 2024 2,050
Amortisation
As at 1 October 2023 861
Provided during the period 392
As at 30 September 2024 1,253
Net Book Value
As at 30 September 2024 797
As at 1 October 2023 1,189
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 2,750 29,600 454 1,150 33,954
As at 30 September 2024 2,750 29,600 454 1,150 33,954
...CONTINUED
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Depreciation
As at 1 October 2023 76 7,650 267 173 8,166
Provided during the period 882 7,243 28 356 8,509
As at 30 September 2024 958 14,893 295 529 16,675
Net Book Value
As at 30 September 2024 1,792 14,707 159 621 17,279
As at 1 October 2023 2,674 21,950 187 977 25,788
6. Stocks
2024 2023
£ £
Work in progress 1,905,739 800,520
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 15,453 3,274
Other debtors 4,912 -
20,365 3,274
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 300,208 15,326
Other creditors 1,441,850 851,614
Accruals and deferred income - 22,354
1,742,058 889,294
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 741,833 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Lyndon James Hewitt (2,186 ) 7,227 (128 ) - 4,913
The above loan is unsecured, interest free and repayable on demand.
12. Related Party Transactions
Included in other debtors are amounts owed to related parties amounting to £4,912 (2023: £2,404). These amounts are interest free and repayable on demand.
Included in other creditors are amounts owed to parties under common control amounting to £1,263,976 (2023: £847,446). This loan is charged at 5% interest and is repayable on demand.
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