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Company registration number: 06463868
Home Power Distribution Ltd
Unaudited filleted financial statements
31 July 2024
Home Power Distribution Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Home Power Distribution Ltd
Directors and other information
Director G C Davidson
Company number 06463868
Registered office 11 Innis House, Alvey Estate
East Street
London
SE17 2JN
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
Home Power Distribution Ltd
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Home Power Distribution Ltd
Year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Home Power Distribution Ltd for the year ended 31 July 2024 which comprise the statement of financial position and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Home Power Distribution Ltd, as a body, in accordance with the terms of our engagement letter dated 26 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Home Power Distribution Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Home Power Distribution Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Home Power Distribution 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 Home Power Distribution Ltd. You consider that Home Power Distribution 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 Home Power Distribution 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.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
24 July 2025
Home Power Distribution Ltd
Statement of financial position
31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 48 4,784
_______ _______
48 4,784
Current assets
Stocks 325 325
Cash at bank and in hand 261 212
_______ _______
586 537
Creditors: amounts falling due
within one year 6 ( 25,773) ( 28,156)
_______ _______
Net current liabilities ( 25,187) ( 27,619)
_______ _______
Total assets less current liabilities ( 25,139) ( 22,835)
_______ _______
Net liabilities ( 25,139) ( 22,835)
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account ( 25,141) ( 22,837)
_______ _______
Shareholder deficit ( 25,139) ( 22,835)
_______ _______
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 July 2025 , and are signed on behalf of the board by:
G C Davidson
Director
Company registration number: 06463868
Home Power Distribution Ltd
Notes to the financial statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Innis House, Alvey Estate, East Street, London, SE17 2JN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on the going concern basis which assumes the continued support of the creditors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Motor vehicles - 25 % reducing balance
Computer equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised retrospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stock is measured at the lower of cost and estimated selling price.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery Motor vehicles Computer equipment Total
£ £ £ £
Cost
At 1 August 2023 1,973 8,390 828 11,191
Disposals - ( 8,390) - ( 8,390)
_______ _______ _______ _______
At 31 July 2024 1,973 - 828 2,801
_______ _______ _______ _______
Depreciation
At 1 August 2023 1,939 3,671 797 6,407
Charge for the year 9 - 8 17
Disposals - ( 3,671) - ( 3,671)
_______ _______ _______ _______
At 31 July 2024 1,948 - 805 2,753
_______ _______ _______ _______
Carrying amount
At 31 July 2024 25 - 23 48
_______ _______ _______ _______
At 31 July 2023 34 4,719 31 4,784
_______ _______ _______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 2,325 3,584
Trade creditors 616 979
Other creditors 22,832 23,593
_______ _______
25,773 28,156
_______ _______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
G C Davidson ( 22,033) - 761 ( 21,272)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
G C Davidson ( 13,401) ( 8,632) - ( 22,033)
_______ _______ _______ _______