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REGISTERED NUMBER: 05366733 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Retail House Solutions Limited

Retail House Solutions Limited (Registered number: 05366733)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Retail House Solutions Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr L Dakin





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
LE1 3RW





REGISTERED NUMBER: 05366733 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Retail House Solutions Limited (Registered number: 05366733)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 84,449 104,038

CURRENT ASSETS
Stocks 17,609 17,609
Debtors 5 157,302 508,795
Cash at bank 182,422 17,215
357,333 543,619
CREDITORS
Amounts falling due within one year 6 (99,845 ) (311,083 )
NET CURRENT ASSETS 257,488 232,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,937

336,574

CREDITORS
Amounts falling due after more than one
year

7

(5,834

)

(15,834

)
NET ASSETS 336,103 320,740

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 336,003 320,640
SHAREHOLDERS' FUNDS 336,103 320,740

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Retail House Solutions Limited (Registered number: 05366733)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 July 2025 and were signed by:





Mr L Dakin - Director


Retail House Solutions Limited (Registered number: 05366733)

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

1. STATUTORY INFORMATION

Retail House Solutions Limited 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell on a first in first out basis after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Retail House Solutions Limited (Registered number: 05366733)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or lease term, whichever is shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 350,498 64,252 109,231 169,202 693,183
Additions - 2,334 - - 2,334
At 31 October 2024 350,498 66,586 109,231 169,202 695,517
DEPRECIATION
At 1 November 2023 273,489 48,504 98,871 168,281 589,145
Charge for year 15,402 3,464 2,590 467 21,923
At 31 October 2024 288,891 51,968 101,461 168,748 611,068
NET BOOK VALUE
At 31 October 2024 61,607 14,618 7,770 454 84,449
At 31 October 2023 77,009 15,748 10,360 921 104,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 156,623 478,206
Other debtors 679 30,589
157,302 508,795

Other debtors includes prepayments and accrued income of £379 (2023: £713).

Retail House Solutions Limited (Registered number: 05366733)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 25,571
Trade creditors 24,543 113,613
Taxation and social security 41,364 62,611
Other creditors 23,938 109,288
99,845 311,083

Other creditors includes accruals and deferred income of £7,295 (2023: £98,135).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 5,834 15,834

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank overdraft - 15,571

The bank overdraft is secured against the assets of the company.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr L Dakin
Balance outstanding at start of year 29,876 49,041
Amounts advanced - 31,835
Amounts repaid (29,876 ) (51,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 29,876

The loan was charged at the HMRC official rate of interest and was repayable on demand.