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REGISTERED NUMBER: 06863364 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2024

FOR

S J HOMEWOOD LIMITED

S J HOMEWOOD LIMITED (REGISTERED NUMBER: 06863364)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


S J HOMEWOOD LIMITED (REGISTERED NUMBER: 06863364)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 56,561 29,353

CURRENT ASSETS
Stocks 31,550 5,000
Debtors 6 118,632 48,779
Cash at bank and in hand 98,327 211,733
248,509 265,512
CREDITORS
Amounts falling due within one year 7 134,084 265,003
NET CURRENT ASSETS 114,425 509
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,986

29,862

CREDITORS
Amounts falling due after more than
one year

8

(23,966

)

(13,500

)

PROVISIONS FOR LIABILITIES 9 (14,140 ) -
NET ASSETS 132,880 16,362

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 132,780 16,262
SHAREHOLDERS' FUNDS 132,880 16,362

S J HOMEWOOD LIMITED (REGISTERED NUMBER: 06863364)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:




Mr S J Homewood - Director



Mrs L P Homewood - Director


S J HOMEWOOD LIMITED (REGISTERED NUMBER: 06863364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

S J Homewood 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: 06863364

Registered office: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of VAT and adjusted for accrued/deferred income in respect of long term contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

All fixed assets are initially recorded at cost.

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


S J HOMEWOOD LIMITED (REGISTERED NUMBER: 06863364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

S J HOMEWOOD LIMITED (REGISTERED NUMBER: 06863364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 54,423 2,946 51,486 7,923 116,778
Additions 12,718 - 41,398 - 54,116
Disposals - - (37,286 ) - (37,286 )
At 31 October 2024 67,141 2,946 55,598 7,923 133,608
DEPRECIATION
At 1 November 2023 40,030 1,790 37,682 7,923 87,425
Charge for year 5,422 174 11,296 - 16,892
Eliminated on disposal - - (27,270 ) - (27,270 )
At 31 October 2024 45,452 1,964 21,708 7,923 77,047
NET BOOK VALUE
At 31 October 2024 21,689 982 33,890 - 56,561
At 31 October 2023 14,393 1,156 13,804 - 29,353

S J HOMEWOOD LIMITED (REGISTERED NUMBER: 06863364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 30,786
Additions 41,398
Disposals (30,786 )
At 31 October 2024 41,398
DEPRECIATION
At 1 November 2023 21,045
Charge for year 10,350
Eliminated on disposal (21,045 )
At 31 October 2024 10,350
NET BOOK VALUE
At 31 October 2024 31,048
At 31 October 2023 9,741

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,985 35,116
Deferred tax asset - 4,634
Prepayments and accrued income 17,647 9,029
118,632 48,779

S J HOMEWOOD LIMITED (REGISTERED NUMBER: 06863364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,200 7,200
Hire purchase contracts 2,517 14,500
Trade creditors 17,604 9,536
Corporation tax 17,141 -
PAYE and CIS tax 7,647 4,935
Pensions payable 927 928
VAT 49,194 41,472
Other creditors 17,718 17,625
Directors' current account 9,597 25,683
Accruals and deferred income 4,539 143,124
134,084 265,003

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,300 7,200
Bank loans - 2-5 years - 6,300
Hire purchase contracts 22,666 -
23,966 13,500

9. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax
Accelerated capital allowances 14,140

Deferred
tax
£   
Balance at 1 November 2023 (4,634 )
Provided during year 18,774
Balance at 31 October 2024 14,140

S J HOMEWOOD LIMITED (REGISTERED NUMBER: 06863364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100