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REGISTERED NUMBER: 07830649 (England and Wales)








Report of the Directors and

Unaudited Financial Statements

For The Year Ended 31 October 2024

for

Realistic Home Improvements Limited

Realistic Home Improvements Limited (Registered number: 07830649)






Contents of the Financial Statements
For The Year Ended 31 October 2024




Page

Report of the Directors 1

Balance Sheet 2

Notes to the Financial Statements 3


Realistic Home Improvements Limited (Registered number: 07830649)

Report of the Directors
For The Year Ended 31 October 2024

The directors present their report with the financial statements of the company for the year ended 31 October 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.

R Barrett
Mrs J Barrett

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R Barrett - Director


24 July 2025

Realistic Home Improvements Limited (Registered number: 07830649)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,090 59,585

CURRENT ASSETS
Stocks 13,374 8,633
Debtors 5 7,842 30,422
Cash at bank 85,022 9,608
106,238 48,663
CREDITORS
Amounts falling due within one year 6 248,727 311,693
NET CURRENT LIABILITIES (142,489 ) (263,030 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(93,399

)

(203,445

)

CREDITORS
Amounts falling due after more than one
year

7

(5,833

)

(15,833

)

PROVISIONS FOR LIABILITIES (5,410 ) (7,020 )
NET LIABILITIES (104,642 ) (226,298 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (104,742 ) (226,398 )
SHAREHOLDERS' FUNDS (104,642 ) (226,298 )

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 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.

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 24 July 2025 and were signed on its behalf by:





R Barrett - Director


Realistic Home Improvements Limited (Registered number: 07830649)

Notes to the Financial Statements
For The Year Ended 31 October 2024

1. STATUTORY INFORMATION

Realistic Home Improvements Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07830649

Registered office: Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

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 represents net invoiced sales of goods, excluding value added tax. Turnover is recognised at the point of customer acceptance as all goods are made to measure to the customers' specification. Turnover is deferred based on percentage of completion at the year-end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Realistic Home Improvements Limited (Registered number: 07830649)

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 the lease term, whichever is the shorter.

The interest element of these obligations is charged to 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 21,391 134,923 156,314
Disposals - (8,495 ) (8,495 )
At 31 October 2024 21,391 126,428 147,819
DEPRECIATION
At 1 November 2023 1,493 95,236 96,729
Charge for year 214 9,803 10,017
Eliminated on disposal - (8,017 ) (8,017 )
At 31 October 2024 1,707 97,022 98,729
NET BOOK VALUE
At 31 October 2024 19,684 29,406 49,090
At 31 October 2023 19,898 39,687 59,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 5,866 12,416
Other debtors 1,976 18,006
7,842 30,422

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 59,725 150,083
Taxation and social security 78,538 69,266
Other creditors 100,464 82,344
248,727 311,693

Realistic Home Improvements Limited (Registered number: 07830649)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 5,833 15,833